Daily DCE Review 03/03/22

Iron ore futures extended its upward climb on market optimism on better Chinese steel consumption. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 6.83% day-on-day or up RMB 51 to RMB 797.50/mt, during the day trading session on Thursday. The rebar futures also rose slightly by 0.62% or up RMB 30 …

Daily Capesize Review 2/3/22

Capesize freight rates extended bullish run due to better weathers in both Australia and Brazil that facilitated in moving of iron ore cargoes. The Capesize 5 time charter average, then rose by $1,239 day-on-day to $15,258 on Wednesday, with support from the crude prices on voyage bids. The Baltic Dry Index (BDI) also increased by …

Steel & Scrap Close 02/03/22

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Carbon Emissions Collapse: Who Blinks First?

  Carbon Emissions Collapse: Who Blinks First?   EUAs suffered their biggest ever one-day fall in absolute terms with the EUA DEC 22 trading at €58.00/tn today, down about 30% in just two days, alongside TTF (Dutch gas futures) which hit a 2022 (and a 2021) high of 182EUR/MWh.   Companies rushed for the exit …