Iron ore futures dipped in the morning session, due to market concerns over falling steel output that affected sentiments. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 3.37% day-on-day or down RMB 23.50 to RMB 673.50/mt, during the day trading session on Tuesday. The rebar futures also went down by …
Author archives: Titus Zheng Shujian
Daily DCE Review 24/12/21
Iron ore futures rose further on falling steel stocks and market expectation of better restocking activities for the upcoming Spring festival. The futures of Dalian Commodity Exchange (DCE) for January delivery then went up by 3.93% day-on-day or up RMB 27 to RMB 713.50/mt, during the day trading session on Friday. The rebar futures also …
Daily DCE Review 23/12/21
Iron ore futures continued to decline as steel demand slowed with market concerns over more output curbs toward the new year. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped by 0.65% day-on-day or down RMB 4.50 to RMB 692.50/mt, during the day trading session on Thursday. The rebar futures, however, went …
Daily Capesize Review 22/12/21
Capesize freight rates declined on limited market activities, as many trade participants went off for the holiday season. The Capesize 5 time charter average, then dropped up by $1,725 day-on-day to $20,363 on Wednesday, due to the lack of shipping activities during holiday season. The Baltic Dry Index (BDI) also dipped by $65, down 2.83% …
Daily DCE Review 21/12/21
Iron ore futures slipped up after yesterday rebound amid market volatility, after restocking demand cooled down. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped by 0.43% day-on-day or down RMB 3 to RMB 693.50/mt, during the day trading session on Wednesday. The rebar futures, however, went down by 0.94% day-on-day or …
Daily DCE Review 21/12/21
Iron ore futures rebounded from previous losses and firmed up over restocking activities for the upcoming new year. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 2.56% day-on-day or up RMB 17.50 to RMB 702/mt, during the day trading session on Tuesday. The rebar futures, however, went down by 1.41% …
Daily Capesize Review 20/12/21
Capesize freight rates rebounded from recent weakness and after a series of corrections, during the last trading weeks for the year. The Capesize 5 time charter average, then jumped up by $670 day-on-day to $23,283 on Monday, as the market bottomed out from recent slump. The Baltic Dry Index (BDI) however, dipped slightly by $8, …
Daily DCE Review 20/12/21
Iron ore futures dipped at the close, despite a promising start at the morning session but only to succumbed to loss at later noon session. The futures of Dalian Commodity Exchange (DCE) for January delivery then slumped by 1.32% day-on-day or down RMB 9 to RMB 673.50/mt, during the day trading session on Monday. The …
Ferrous Trade Weekly Review 17/12/21
A total of 710,000 mt of iron ores was traded for the week ended Dec 17, up weekly, despite approaching the holidays season. The improving margins and market optimism over steel demand in the new year had lifted the market sentiments, though some trade participants expected some sintering curbs ahead of the Winter Olympics. During …
Daily DCE Review 17/12/21
Iron ore futures ended the week on surplus, with market optimism over better steel demand in the new year with improving margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then jumped by 1.88% day-on-day or up RMB 12.50 to RMB 676.50/mt, during the day trading session on Friday. The rebar futures also …