Category archives: Products

Daily DCE Review 22/1/21

Iron ore futures opened high, but only to face a selloff at the start of afternoon session and closed lower by day-end. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped slightly by 0.48% day-on-day or RMB 5 to RMB 1,046/mt on Friday. The steel rebar contract on the Shanghai Futures …

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Daily Capesize Review 21/1/21

Capesize freight rates dipped over market concerns of cyclone threat and mixed outlooks for the freight market. The Capesize 5 time charter average then dipped by $42 day-on-day to $25,515 on Thursday, after a flat trading session with much market focus on the February contract. The Baltic Dry Index (BDI) also moved higher on improving …

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Ferrous Daily Physical Review 22/1/21

Ferrous Market –    MySteel 45 ports iron ore inventories at 124.38 million tonnes, up 263,300 tonnes w-o-w. Daily evacuation 3.1876 million tonnes, up 222,600 tonnes w-o-w. Australia iron ore 57.55 million tonnes, down 1.14 million tonnes w-o-w. Brazil iron ore 43.599 million tonnes, up 1.66 million tonnes w-o-w. 178 ships at ports, up 6. –    …

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Iron Ore DCE May Daily Technical Review 22/1/21

Verdict – Short-term neutral to bearish DCE iron ore corrected during the day and iron ore had entered a narrower consolidation range since the first day of January. Major range in 1035.5- 1084.5. Hourly MACD dead cross. Hourly slow stochastic KD created dead cross below overbought area. CCI slumped from monthly high to weak area …

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