Category archives: Ferrous

Ferrous Trade Weekly Review 18/03/22

A total of 540,000 mt of iron ores was traded for the week ended Mar 18, after a long pause of minimal trades due to Chinese market regulator crackdown on false price information. There was also more steel production following the removal of output curbs after the Two Sessions meeting and Paralympic events During the …

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Daily DCE Review 18/03/22

Iron ore futures ended the week on gains, despite market concerns over the strict lockdown measures and impact on steel demand. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 3.54% day-on-day or up RMB 28.50 to RMB 833.50/mt, during the day trading session on Friday. The rebar futures also increased by …

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Iron Ore DCE May Daily Technical Review 18/3/22

Verdict – Short-term neutral. DCE iron ore May22 contract rebounded during the open over night session, however consolidate around 830.0 area for most of time in the day session. A breakthrough on 838.5 would indicate a new round of spike. Hourly CCI potentially drop from the bullish territory. Hourly slow stochastic KD flattened in an …

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Daily Virtual Steel Mill Report 18/3/22

Market Verdict on Iron Ore： • Neutral. Macro • BOE raised interest rate by 25 basis point to 0.75% as expected. The lending cost recovered to pre-pandemic level. Q2 inflation rate raise from 7.25% to 8%. • China Ministry of Industry and Information Technology: promote more strategies to support stablised economy growth. Become prudent on …

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Daily Capesize Review 17/3/22

Capesize freight rates continued to slide on the volatile market, though some felt the market would soon bottoming out in the subdued physical market. The Capesize 5 time charter average, then dropped by $234 day-on-day to $21,596 on Thursday, after some market selloff sessions. The Baltic Dry Index (BDI) also decreased slightly by $3 day-on-day, …

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