Category archives: Products

Capesize rates fall on lesser Brazilian shipment

Capesize freight rates continued to decline, after Vale reduced its annual guidance for 2021, stroking market concerns over lesser iron ore shipment. Thus, the Capesize 5 time charter average went down slightly by $10 day-on-day to $12,322 on Wednesday, due to bearish market sentiment. The Baltic Dry Index (BDI) then also dropped slightly by 0.83% or 10 points …

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Iron Ore DCE January Daily Technical Review Dec 3rd

Verdict – Short-term neutral. DCE iron ore Jan contract daily candle created a doji, however the intra-day high still create historic high. The Jan contract continue to roll, expected to finish early next week. The yesterday increase on position were proved as an intra-day turnover as most of them are decreased today. From hourly chart, …

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Daily Ferrous Physical Review Dec 3rd

Ferrous Market –    Vale decrease the iron ore 2020 production to 300-305 million tonnes, previously 310-330 million tonnes. The year 2021 expected production at 315-335 million tonnes. The year 2022 iron ore production reached 400 million tonnes. In next few years, Vale expected annual production reaching 450 million tonnes. –    MySteel Rebar Inventory: Rebar production …

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