Iron ore futures extended gains on Friday, despite slowing demand and improvement in the buildup of steel stocks. The futures of Dalian Commodity Exchange (DCE) for January delivery then increased by 2.23% day-on-day or up RMB 16.50 to RMB 755.50/mt, during the day trading session on Friday. The rebar futures also rose slightly by 0.11% …
Author archives: Titus Zheng Shujian
Daily DCE Review 20/1/22
Iron ore futures inched up amid mixed market outlook, in view of slowing demand approaching holidays and expectation of more production curbs during Winter Olympics. The futures of Dalian Commodity Exchange (DCE) for January delivery then increased by 1.30% day-on-day or up RMB 9.50 to RMB 742/mt, during the day trading session on Thursday. The …
Daily Capesize Review 19/1/22
Capesize freight rates dipped further on limited market activities, while vessels supply had been gaining grounds after easing of port congestions. The Capesize 5 time charter average, then dropped by $744 day-on-day to $10,169 on Wednesday, due to the lack of shipping activities. The Baltic Dry Index (BDI) also dipped by $74, down 4.50% day-on-day, …
Daily DCE Review 19/1/22
Iron ore futures rose further on higher steel prices, though market had concerned over steel demand after the Spring festival holiday season. The futures of Dalian Commodity Exchange (DCE) for January delivery then increased by 4.26% day-on-day or up RMB 30 to RMB 735/mt, during the day trading session on Wednesday. The rebar futures also …
Daily DCE Review 17/1/22
Iron ore futures fell due to waning pre-Lunar New Year restocking activities and slower steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 2.35% day-on-day or down RMB 17 to RMB 705/mt, during the day trading session on Monday. The rebar futures also dipped by 2.04% day-on-day or down …
Ferrous Trade Weekly Review 14/1/22
A total of 1.13 million mt of iron ores was traded for the week ended Jan 14, down 10.32% on-week, as restocking activities slowed down. As most of the mills were heard to complete their pre-Lunar New Year procurement, though some market participants expected some purchases for smaller lots. During the week, the trades volume …
Daily DCE Review 14/1/22
Iron ore futures suffered a hiccup from previous rally, due to market uncertainty over steel demand and lower imports data. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 2.30% day-on-day or down RMB 17 to RMB 722/mt, during the day trading session on Friday. The rebar futures also dipped slightly …
Daily DCE Review 12/1/22
Iron ore futures extended gains on tightening supplies concerns, amid healthy margins and better steel prices. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 3.07% day-on-day or up RMB 22 to RMB 737.50/mt, during the day trading session on Wednesday. The rebar futures also went up by 2.32% day-on-day or …
Daily Capesize Review 11/1/22
Capesize freight rates declined on limited market activities due to waning shipping demand from thin cargo lists in both basins. The Capesize 5 time charter average, then dropped by $1,897 day-on-day to $19,283 on Tuesday, due to the lack of shipping activities. The Baltic Dry Index (BDI) also dipped by $126, down 5.53% day-on-day, to …
Daily DCE Review 11/1/22
Iron ore futures rebounded from previous losses on tightening supplies concerns, amid healthy margins and better steel prices. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 2.77% day-on-day or up RMB 19.50 to RMB 723.50/mt, during the day trading session on Tuesday. The rebar futures, however, went up slightly by …