Category archives: Products

Daily Virtual Steel Mill Report 14/2/22

Market Verdict on Iron Ore： • Neutral. Macro • WTI reached $94.88/barrel, refreshed the high from the year 2014. LME Alumunium also created new high since the year 2008 previous Friday. • Russia and U.S. both retreated the withdraw diplomatic personal and related staff in Ukraine, expecting the tightened geo-political relations. • China Central Bank …

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Daily Capesize Review 11/2/22

Capesize freight rates reversed to losses over scant demand, without much improvement in market fundamentals. The Capesize 5 time charter average, then fell by $392 day-on-day to $15,397 on Friday, due to the lack of fresh shipping demand. The Baltic Dry Index (BDI) however, rose by $37 day-on-day, up 1.91% day-on-day, to $1,977, due to …

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