Iron ore futures rebounded after a week of losses, as buying interests improved as steel production is expected to recover after the Winter Olympics. The futures of Dalian Commodity Exchange (DCE) for May delivery then rose by 4.74% day-on-day or up RMB 32 to RMB 707/mt, during the morning trading session on Monday. The rebar …
Author archives: Titus Zheng Shujian
Daily DCE Review 18/2/22
Iron ore futures extended losses till the end of the week, as market expected more intervention from regulators to stabilize prices. The futures of Dalian Commodity Exchange (DCE) for May delivery then fell by 1.37% day-on-day or down RMB 9.50 to RMB 685/mt, during the day trading session on Friday. The rebar futures however went …
Daily DCE Review 17/2/22
Iron ore futures fell for most of the week, in awaiting of more meeting outcomes from the market regulators on the issue of price fabrication and false information. The futures of Dalian Commodity Exchange (DCE) for May delivery then fell by 3.79% day-on-day or down RMB 27 to RMB 684.50/mt, during the day trading session …
Daily DCE Review 16/2/22
Iron ore futures extended its bearish run for the third consecutive trading day, due to limited trading activities. The futures of Dalian Commodity Exchange (DCE) for May delivery then fell by 1.10% day-on-day or down RMB 8 to RMB 720/mt, during the day trading session on Wednesday. The rebar futures, however, went up by 1.85% …
Daily Capesize Review 15/2/22
Capesize freight rates came under pressure from both basins amid lower iron ore prices and relatively high bunker prices. The Capesize 5 time charter average, then fell by $679 day-on-day to $14,209 on Tuesday, after a jittery session. The Baltic Dry Index (BDI) also fell by $16 day-on-day, or down 0.81% day-on-day, to $1,968, due …
Daily DCE Review 15/2/22
Iron ore futures slumped for the second consecutive day as Chinese market regulators toughened their measures on price information. The futures of Dalian Commodity Exchange (DCE) for May delivery then slumped by 9.98% day-on-day or down RMB 77.50 to RMB 699/mt, during the day trading session on Tuesday. The rebar futures also went down by …
Daily Capesize Review 14/2/22
Capesize freight rates extended losses amid market uncertainty with moderate shipping demand and high bunker prices. The Capesize 5 time charter average, then fell by $509 day-on-day to $14,888 on Monday, due to the lack of fresh shipping demand. The Baltic Dry Index (BDI) however, rose by $7 day-on-day, up 0.35% day-on-day, to $1,984, due …
Daily DCE Review 14/2/22
Iron ore futures continued to slide upon market fears of tougher and stringent checks on price information circulating in the market. The futures of Dalian Commodity Exchange (DCE) for May delivery then dropped by 6.84% day-on-day or down RMB 57 to RMB 776.50/mt, during the day trading session on Monday. The rebar futures also went …
Daily Capesize Review 11/2/22
Capesize freight rates reversed to losses over scant demand, without much improvement in market fundamentals. The Capesize 5 time charter average, then fell by $392 day-on-day to $15,397 on Friday, due to the lack of fresh shipping demand. The Baltic Dry Index (BDI) however, rose by $37 day-on-day, up 1.91% day-on-day, to $1,977, due to …
Daily DCE Review 10/2/22
Iron ore futures rebounded from a dip previously, as market participants were more cautious, after regulators warned of false prices information that manipulated the market. The futures of Dalian Commodity Exchange (DCE) for May delivery then rose by 3.20% day-on-day or up RMB 25.50 to RMB 821/mt, during the day trading session on Thursday. The …