Category archives: Products

Daily DCE Review 23/6/21

Iron ore futures rebounded for previous losses, supported by supply tightness and market talks of relaxation of output curb in Tangshan by July. The futures of Dalian Commodity Exchange (DCE) for September delivery then jumped up by 3.99% day-on-day or up RMB 45 to RMB 1,173/mt on Wednesday. The steel rebar contract on the Shanghai …

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Iron Ore DCE Sep Daily Technical Review 23/6/21

Verdict – Short-term neutral. DCE iron ore September contract rebounded and corrected after reaching the previous neckline area around 1176.0- 1181.5. A breakthrough on this level would potentially lead a next movement to test last high at 1253.5. A rejection on this level potentially drive iron ore back to consolidation. From hourly chart MACD expanded. …

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Daily Virtual Steel Mill Report 23/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         U.S. Federal Powell said the U.S. inflation exceeded the previous expectation, however Federal doesn’t have a plan to increase interest rate immediately. ·         China State Material Reserve Regulation Center issued an announcement on the release of the first batch of national reserves of …

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Daily Capesize Review 22/6/21

Capesize freight rates extended losses after a string of selloff, amid weakening physical market. The Capesize 5 time charter average, then plunged down by $1,409 day-on-day to $31,376 on Tuesday, following another selloff in the paper market. The Baltic Dry Index (BDI) then dropped down by 2.23% day-on-day, down 71 points to 3,119 readings, due …

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