Category archives: News

Daily DCE Review 24/5/21

Iron ore futures got off to a poor start of the week with softening rates due to lower steel prices and reduced margins. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 5.21% on-day or up RMB 58.50 to RMB 1,064/mt on Monday. The steel rebar contract on the Shanghai Futures …

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Daily Capesize Review 21/0/5/21

Capesize freight rates inched up amid bullish sentiment in the paper market, though the physical market remained sluggish. The Capesize 5 time charter average then rose by $959 day-on-day to $32,593 on Friday, as the paper market extended its bullish run. The Baltic Dry Index (BDI) also went up slightly by 1.59% or 45 points …

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Iron Ore DCE Sep Daily Technical Review 24/5/21

Verdict – Short-term neutral. DCE iron ore September contract created the lowest since April 16th, however recover most of losses in Asian session. The resistance on 1100 area was significant. Hourly slow stochastic KD created gold cross near oversold area. CCI created bullish divergence with iron ore price. Technical signals were indicating a slow down …

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Daily Virtual Steel Mill Report 24/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral.   Macro ·         On the morning of May 23,China National Development of Reform and Commission and other five departments jointly held a meeting interview key enterprises with strong market influence in iron ore, steel, copper, aluminum and other industries, with the participation of the Iron …

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