Category archives: Products

DCE ends the week high above the 1,000/mt mark

Iron ore futures ended the week on record-breaking rally, due to good steel demand, supply concerns and speculative trading. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) maintained above the $1,000/mt mark, after booking a gain of 6.23% day-on-day or RMB 63 to RMB 1,073.50/mt on Friday. Similarly, the steel rebar …

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Capesize rates march on with firmer Atlantic market

Capesize freight rates continued its upward momentum on improving shipping demand in the physical market, especially in the Atlantic market. The Capesize 5 time charter average then went up by $317 day-on-day to $14,143 on Thursday, buoyed by market talks of miners seeking for tonnage bullishly in near term. The Baltic Dry Index (BDI) also …

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Daily Ferrous Physical Review Dec 18/12/20

Ferrous Market –    MySteel 45 ports iron ore inventories at 124.04 million tonnes, up 2.01 million tonnes w-o-w. Daily evacuation 2.97 million tonnes, down 89,900 tonnes w-o-w. Australia iron ore 58.27 million tonnes, up 265,000 tonnes w-o-w. Brazil iron ore 41.26 million tonnes, up 587,500 tonnes w-o-w. 137 ships at ports, up 28. –    Mysteel …

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Iron Ore DCE May Daily Technical Review Dec 18/12/20

Verdict – Short-term neutral to bullish, be aware of reversal on high area.   DCE iron ore May refreshed historical high and pick up significantly during the last half hour, indicating massive sellers left. Short squeezing increased pressure on short positions. From hourly chart, MACD increased fast. Hourly slow stochastic KD moved above overbought area. …

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