Iron ore futures dipped at the session close, due to weak market outlook and extension of production cuts to other Chinese regions. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 1.59% day-on-day or down RMB 13.50 to RMB 834/mt, during the day trading session on Tuesday. The rebar futures, also …
Author archives: Titus Zheng Shujian
Daily Capesize Review 16/8/21
Capesize freight rates continued to ride on upward momentum with better market optimism for shipping demand, amid tight tonnage. The Capesize 5 time charter average, then rose by $711 day-on-day to $40,237 on Monday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up further at record levels to $3,606, up 1.12% day-on-day, …
Daily DCE Review 16/8/21
Iron ore futures opened high at the start of the week, recovering ground from previous slump last week, as restocking activities picked up among mills. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 2.29% day-on-day or up RMB 19 to RMB 850.50/mt, during the day trading session on Monday. The …
Daily Capesize Review 13/8/21
Capesize freight rates continued to hike on better market activities with strong showing from the Atlantic basins. The Capesize 5 time charter average, then rose by $1,309 day-on-day to $39,526 on Friday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up over decade level at 3,566, up 1.80% day-on-day, after a string …
Ferrous trade weekly review 13/8/21
A total of 760,000 mt of iron ores was traded for the week ended Aug 13, up 1.33% week-on-week, despite a short trading week with public holidays in Asia. Steel demand remained bearish, due to the ongoing output cuts in China, though some trade participants were heard to purchase more cargoes to capitalize on the …
Daily DCE Review 13/8/21
Iron ore futures closed the week on slight drop after a week of corrections, amid ongoing production cuts among Chinese mills. The futures of Dalian Commodity Exchange (DCE) for September delivery then dipped by 0.94% day-on-day or down RMB 8 to RMB 841.50/mt, during the day trading session on Friday. The rebar futures also fell …
Daily Capesize Review 12/8/21
Capesize freight rates rose on bullish market sentiments as key routes spotted better gains on active market. The Capesize 5 time charter average, then rose by $1,863 day-on-day to $38,217 on Thursday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up 2.73% day-on-day, or 93 points to 3,503 readings, due to better …
Daily DCE Review 12/8/21
Iron ore futures closed on negative region, despite a late rally at the afternoon session before falling to a sharp drop again. The futures of Dalian Commodity Exchange (DCE) for September delivery then slumped by 2.16% day-on-day or down RMB 18.50 to RMB 838/mt, during the day trading session on Thursday. The rebar futures also …
Daily Capesize Review 11/8/21
Capesize freight rates rose on improved market sentiments with better physical shipping demand in the Atlantic market. The Capesize 5 time charter average, then rose by $459 day-on-day to $36,354 on Wednesday, due to firm showing seen in the Atlantic market. The Baltic Dry Index (BDI) also hiked up 1.04% day-on-day, or 35 points to …
Daily DCE Review 11/8/21
Iron ore futures opened flatly on Wednesday morning session before recording a rally at the afternoon session, despite slow steel demand and improving supply. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 3.69% day-on-day or up RMB 31 to RMB 871.50/mt, during the day trading session on Wednesday. The rebar …