Capesize freight rates came under pressures from sluggish demand, with market concerns over softening iron ore and coal prices. The Capesize 5 time charter average, then fell by $2,371 day-on-day to $37,669 on Thursday, following a series of corrections. The Baltic Dry Index (BDI) extended losses and dropped by $178, down 4.67% day-on-day, to $3,630, …
Author archives: Titus Zheng Shujian
Daily DCE Review 28/10/21
Iron ore futures continued to move downtrend on lower steel, despite a late rally at the afternoon session to regain some lose grounds. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.36% day-on-day or down RMB 16.50 to RMB 683.50/mt, during the day trading session on Thursday. The rebar futures …
Daily DCE Review 25/10/21
Iron ore futures rose at the opening, despite some dips toward the close but still managed to book positive gains on the day session. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 1.70% day-on-day or up RMB 11.50 to RMB 688.50/mt, during the day trading session on Monday. The rebar …
Ferrous trade weekly review 22/10/21
A total of 980,000 mt of iron ores was traded for the week ended Oct 22, a significant sharp decline of 64.87% from previous week at 2.79 million mt. Trade participants were concerned over the upcoming traditional low steel demand during winter season with market certainty variables over power crunch and sintering curbs. During the …
Daily DCE Review 22/10/21
Iron ore futures continued its downward slide on market uncertainty over steel demand amid sintering restrictions. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped by 1.50% day-on-day or down RMB 10.50 to RMB 689.50/mt, during the day trading session on Friday. The rebar futures also dropped by 6.54% day-on-day or down …
Daily DCE Review 21/10/21
Iron ore futures dipped at the close, despite opening higher at the start of the morning session due to market uncertainty over steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then tanked by 8.70% day-on-day or down RMB 8.70 to RMB 650.50/mt, during the day trading session on Thursday. The rebar …
Daily Capesize Review 19/10/21
Capesize freight rates dipped on persisted weakness, though there was some steady shipping demand in physical market. The Capesize 5 time charter average, then fell by $1,071 day-on-day to $59,955 on Tuesday, following a series of corrections. The Baltic Dry Index (BDI) extended losses and dropped slightly by $18, down 0.38% day-on-day, to $4,714, due …
Daily DCE Review 20/10/21
Iron ore futures saw slight gains, amid bearish market outlooks on reduced steel output and slow economic activities. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched up slightly by 0.50% day-on-day or up RMB 3.50 to RMB 710/mt, during the day trading session on Wednesday. The rebar futures however, dropped by …
Daily DCE Review 19/10/21
Iron ore futures rebounded from recent losses, due to lower shipments from miners based in Australia and Brazil. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched up slightly by 0.07% day-on-day or up RMB 0.50 to RMB 707/mt, during the day trading session on Tuesday. The rebar futures also rose by …
Daily DCE Review 18/10/21
Iron ore futures extended losses on poor China economic data, which showed a slowdown in industrial activities, due to power crunch. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.27% day-on-day or down RMB 16.50 to RMB 711/mt, during the day trading session on Monday. The rebar futures also inched …