Category archives: News

Ferrous trade weekly review 4/6/21

A total of 1.11 million mt of iron ores was traded for the week ended Jun 4, amid softening steel margins due to commodity price control imposed by the Chinese authority. However, benchmark iron ore prices soon found some support after market talks of easing steel output restriction in Tangshan that spurred paper trading and …

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Daily DCE Review 4/6/21

Iron ore futures ended its bullish run at the close of the week, bowing to the pressure of low steel margins and demand concern over the upcoming rainy season. The futures of Dalian Commodity Exchange (DCE) for September delivery then went down by 1.85% on-day or down RMB 22 to RMB 1,168/mt on Friday. The …

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Daily Capesize Review 3/6/21

Capesize freight rates continued its downward spiral, due to thin market activities following holiday in Brazil. The Capesize 5 time charter average, then fell further by $1,629 day-on-day to $22,102 on Thursday, after another rounds of selloff. The Baltic Dry Index (BDI) also dropped further by 2.29% or 58 points on-day to 2,472 readings, due …

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Iron Ore DCE Sep Daily Technical Review 4/6/21

Verdict – Short-term neutral. DCE iron ore September contract significantly narrowed the volatility during the current two days, after a failure to break periodic high at 1221.5. Hourly CCI was approaching bearish area. Hourly KD explored new room to correct. Hourly MACD widened at bearish territory. Short-run signals indicate potential to test low, however mid-run …

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