DCE stays flat amid high steel stocks

Iron ore futures made small gain for the day due to the high steel stocks and little price movement in steel products. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange stayed almost flattish but inched up by 0.36% day-on-day to RMB 825 per tonne on Monday. The steel rebar contract …

Steel & Scrap Morning Report 12/10/20

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Capesize rates correct further on weak physical market

Capesize freight rates were on correction phrases and the paper market was on a selloff due to bearish sentiment. Thus, the Capesize 5 time charter average fell by $2,028 day-on-day to $29,479 on Friday, after aggressive selloff before finding some supports at the lows of the trading day. The Baltic Dry Index (BDI) then dropped …

Oil and Ore Intraday Morning Technical

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Morning Oil Report 12/10/20

Brent crude fell 32 cents, or 0.8%, to $42.53 a barrel by 0347 GMT and WTI for November was at $40.30 a barrel, down 30 cents, or 0.7%.   Sing 0.5% and Rott 0.5% spreads are still in backwardation on the front months, HSFO spreads, however, are just clinging onto negative territory. Hi5s continue to …

FIS London Coking Coal Report 9/10/20

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Capesize & Panamax FFA Daily Report

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Supramax & Handysize FFA Daily Report

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