Category archives: News

Daily Virtual Steel Mill Report 3/12/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China automobiles association estimated November China auto sales 2.47 million, up 5.95% m-o-m, down 10.8% y-o-y. ·         OPEC+ draft indicated January daily production increased by 400,000 barrels. OPEC+ potentially adjust production increase schedule when market changes. Iron Ore Key Indicators: ·         Platts62 $98.35 (-3.05), MTD 99.88. …

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Daily DCE Review 3/12/21

Iron ore futures plunged further on higher port inventory, despite some improvement in daily consumption of imported iron ores. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 3.08% day-on-day or down RMB 19 to RMB 597/mt, during the day trading session on Friday. The rebar futures however, hiked up by …

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Daily Capesize Review 2/12/21

Capesize freight rates rebounded from slump, due to improvement in Pacific shipping demand despite a slow start to the month. The Capesize 5 time charter average, then inched up by $581 day-on-day to $37,604 on Thursday, despite weak sentiment in the paper market. The Baltic Dry Index (BDI) also rose by $68, up 2.23% day-on-day, …

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