Category archives: Products

DCE dips on bad weather concerns

Iron ore futures continued correction phrase as the cold weather affected steel demand and logistics in China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) fell by 2.46% or RMB 25.50 on-day to RMB 1,010.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange also slid by 1.53% or …

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Capesize rates soften on holidays season

Capesize freight rates softened on thin trading activities, as the shipping market slowed down on holidays season. There were also some market concerns on whether the bad weather off coastal China will result in port closures as it did in the past. As the Chinese meteorological authority issued orange alert on Monday, or the second …

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Morning Oil Report 29/12/20

Brent crude climbed 23 cents, or 0.5%, to $51.09 a barrel, as of 0410 GMT and U.S. West Texas Intermediate (WTI) crude futures added 23 cents, or 0.5%, to $47.85 a barrel.   Many participants of the oil market have noted the choppiness of the oil price as we head into the finale of 2020, …

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