Monthly archives: March 2022

Daily Virtual Steel Mill Report 23/3/22

Market Verdict on Iron Ore： • Neutral.   Macro • China NDRC and NEA(National Energy Administration) planned to reach 4.6 billion tons equivalent of sta • On March 22, Chinese National Development and Reform Commission and the National Energy Administration issued the “14th five year plan” for modern energy system. By 2025, the annual comprehensive …

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Daily DCE Review 23/03/22

Iron ore futures inched up on the day session, despite market concerns over stringent covid lockdown measures that hurt steel demand. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 0.43% day-on-day or up RMB 3.50 to RMB 822.50/mt, during the day trading session on Wednesday. The rebar futures also increased by …

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Daily Capesize Review 22/3/22

Capesize freight rates fell further on the weak physical market outlook, as poor weather and stringent covid check in Chinese ports slowed shipping activities. The Capesize 5 time charter average, then dropped by $2,440 day-on-day to $18,041 on Tuesday, after market selloff sessions. The Baltic Dry Index (BDI) also decreased by $43 day-on-day, or down …

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