Iron ore futures slipped from previous rally, after state authority urged for more transparency in price discovery for the raw material. The futures of Dalian Commodity Exchange (DCE) for May delivery then plunged down by 5.90% day-on-day or down RMB 49 to RMB 781/mt, during the day trading session on Wednesday. The rebar futures also …
Author archives: Titus Zheng Shujian
Daily DCE Review 7/2/22
Iron ore futures rose on bullish market sentiment over steel demand, amid market concerns over limited supplies due to wet weathers. The futures of Dalian Commodity Exchange (DCE) for May delivery then hiked by 2.45% day-on-day or up RMB 19.50 to RMB 817/mt, during the day trading session on Monday. The rebar futures also went …
Daily DCE Review 31/1/22
Iron ore futures rose on bullish market sentiment over post-Lunar New Year demand, despite a slowdown of construction activities, due to the week-long holidays season. The futures of Dalian Commodity Exchange (DCE) for May delivery then hiked by 3.40% day-on-day or up RMB 25.50 to RMB 776/mt, during the morning trading session on Wednesday. The …
Daily Capesize Review 25/1/22
Capesize freight rates extended losses over sluggish demand and vessel oversupply, though some demand improvement was seen in the Pacific market. The Capesize 5 time charter average, then fell by $755 day-on-day to $6,180 on Tuesday, due to the thin shipping activities. The Baltic Dry Index (BDI) also dipped by $48, down 3.45% day-on-day, to …
Daily DCE Review 26/1/22
Iron ore futures extended bullish run over market concerns over labor shortage among Australian miners and market optimism better steel demand post-Spring festival. The futures of Dalian Commodity Exchange (DCE) for May delivery then hiked by 3.40% day-on-day or up RMB 25.50 to RMB 776/mt, during the morning trading session on Wednesday. The rebar futures …
Daily DCE Review 25/1/22
Iron ore futures recovered from previous losses amid market optimism over post-Lunar New Year steel demand for infrastructure sector. The futures of Dalian Commodity Exchange (DCE) for January delivery then increased by 1.39% day-on-day or up RMB 10.50 to RMB 766.50/mt, during the day trading session on Tuesday. The rebar futures also inched up by …
Daily Capesize Review 24/1/22
Capesize freight rates continued to drop on thin liquidity, amid the vessel oversupply and low seasonal demand market. The Capesize 5 time charter average, then fell by $455 day-on-day to $6,935 on Monday, due to the limited shipping activities. The Baltic Dry Index (BDI) also dipped by $24, down 1.70% day-on-day, to $1,391, due to …
Daily DCE Review 24/1/22
Iron ore futures dipped slightly as market activities slowed down before the upcoming Spring festival holidays, while trade participants were seeking for clearer market directions after the post-holidays period. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 1.66% day-on-day or down RMB 12.50 to RMB 740/mt, during the day trading …
Daily Capesize Review 21/1/22
Capesize freight rates fell on thin market activities, amid facing fierce competition from Panamax and Supramax cargo stems. The Capesize 5 time charter average, then dropped by $1,157 day-on-day to $7,390 on Friday, due to the scant shipping activities. The Baltic Dry Index (BDI) also dipped by $594, down 4.00% day-on-day, to $1,415, due to …
Ferrous Trade Weekly Review 21/1/22
A total of 1.87 million mt of iron ores was traded for the week ended Jan 21, up 65.49% on-week, as buyers rushed for purchases before Lunar New Year holidays. Most of the purchases were scheduled for delivery in late February and early March, as market participants believed that the steel demand will pick up …