Category archives: Products

Iron Ore DCE May Daily Technical Review 20/1/22

Verdict – Short-term neutral, be aware of top reversal. DCE iron ore May22 contract rejected by 748.5 for the second day with smaller volume. Maintain neutral comment, however be aware of market reversal. Short-run iron ore created a gap from 718.5 – 732.0, which was a strong support. Hourly MACD flattened. Hourly slow stochastic KD …

Continue reading “Iron Ore DCE May Daily Technical Review 20/1/22”

Daily Virtual Steel Mill Report 20/1/22

Market Verdict on Iron Ore： • Neutral. Macro • China central bank decreased the one year Loan Prime Rate from 3.8% to 3.7%, the second month decrease. Five Year Loan Prime Rate decreased from 4.65% to 4.6%, previously this rate was fixed for 2o consecutive months. • U.K. December 2021 CPI up 5.4%, created the …

Continue reading “Daily Virtual Steel Mill Report 20/1/22”

Daily DCE Review 20/1/22

Iron ore futures inched up amid mixed market outlook, in view of slowing demand approaching holidays and expectation of more production curbs during Winter Olympics. The futures of Dalian Commodity Exchange (DCE) for January delivery then increased by 1.30% day-on-day or up RMB 9.50 to RMB 742/mt, during the day trading session on Thursday. The …

Continue reading “Daily DCE Review 20/1/22”

Daily Capesize Review 19/1/22

Capesize freight rates dipped further on limited market activities, while vessels supply had been gaining grounds after easing of port congestions. The Capesize 5 time charter average, then dropped by $744 day-on-day to $10,169 on Wednesday, due to the lack of shipping activities. The Baltic Dry Index (BDI) also dipped by $74, down 4.50% day-on-day, …

Continue reading “Daily Capesize Review 19/1/22”