Category archives: News

Daily DCE Review 02/12/21

Iron ore futures dipped after three consecutive days of gains, despite a rally in morning session as market participants were concerned over slower steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 3.45% day-on-day or down RMB 21.50 to RMB 601/mt, during the day trading session on Thursday. The …

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Iron Ore DCE May Daily Technical Review 02/12/21

Verdict – Short-term neutral. DCE iron ore May22 contract created a 25.78% growth counted from the low of Nov 19th to the high of Dec 2nd. However iron ore dumped during the last hour with expanding volume compared to previous afternoon session. A recovery on 644.0 would only bring iron ore to a slow growth …

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Daily Virtual Steel Mill Report 2/12/21

Market Verdict on Iron Ore： ·         Neutral to bullish. Macro ·         OECD change the global economy growth rate prediction from 5.7% to 5.6%. In addition, OECD also decrease the growth outlook in U.S. and Euro zone this year and next year. ·         Fed Beige Book: in October and early November, economic activity in most fed …

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Oil and Products Morning Report 02/12/21

Good morning. Oil clawed back some losses after plunging more than 6% over the previous two sessions on nervousness the rapid spread of the omicron virus variant will lead to more lockdowns and restrictions on movement. Against this backdrop, the OPEC+ alliance will decide on their supply policy for January later today. With oil prices …

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Daily Capesize Review 1/12/21

Capesize freight rates slipped at the start of the month, indicating a slow start to the holiday season as more tonnage returned to the market. The Capesize 5 time charter average, then dipped down by $158 day-on-day to $37,023 on Wednesday, amid a choppy market. The Baltic Dry Index (BDI) however, rose by $29, up …

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