Category archives: Products

Iron Ore DCE May Daily Technical Review 25/2/22

Verdict – Short-term bearish. DCE iron ore May22 created a big correction during the day. As expected in the last report, iron ore was only weak rebound and re-entered the bearish tunnel. However the long lower shadow line on the daily candle indicated an exhaustion with an increasing volume. Hourly slow stochastic KD created gold …

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Daily DCE Review 25/2/22

Iron ore futures dropped on market uncertainty over military conflict in Ukraine that dampened market confidence. The futures of Dalian Commodity Exchange (DCE) for May delivery then dropped by 3.13% day-on-day or down RMB 22 to RMB 680.50/mt, during the day trading session on Friday. The rebar futures also dropped by 1.85% or down RMB …

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Daily Capesize Review 25/2/22

Capesize freight rates came under pressure, amid limited trading activities and market uncertainty over the Russia-Ukraine conflict. The Capesize 5 time charter average, then fell by $1,595 day-on-day to $16,589 on Friday, after a sluggish session. The Baltic Dry Index (BDI) also fell by $57 day-on-day, or down 2.54% day-on-day, to $2,187, due to softening …

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