Category archives: News

Daily Virtual Steel Mill Report 2/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         The China Market Supervision Agency said will closely track the volatility of commodity prices, strengthen pre-risk analysis, regularly monitors the trend of iron ore, steel, coal, crude oil and other commodity prices, create weekly analysis reports, and implement effective supervision. ·         China May …

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Daily DCE Review 1/6/21

Iron ore futures continued its bullish run after finding supports in possible easing of output cut in Tangshan and positive economic data from China. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 7.29% on-day or up RMB 79.50 to RMB 1,169.50/mt on Tuesday. The steel rebar contract on the Shanghai …

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Daily DCE Review 31/5/21

Iron ore futures opened high at the start of the week, rebounding from price corrections last week, after the announcement of more commodity price controls. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 5.28% on-day or up RMB 55.50 to RMB 1,106/mt on Monday. The steel rebar contract on the …

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Daily Capesize Review 28/5/21

Capesize freight rates plunged as the physical market came under pressure and resulted a selloff in the paper market. The Capesize 5 time charter average then fell by $2,320 day-on-day to $25,614 on Friday, following the selloff. The Baltic Dry Index (BDI) also dropped down by 3.42% or 92 points on-day to 2,596 readings, due …

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