Category archives: Products

Daily DCE Review 17/6/21

Iron ore futures rebounded from previous trading losses, lifted by market sentiment of rising daily steel production in early June. The futures of Dalian Commodity Exchange (DCE) for September delivery then hiked up by 1.03% on-day or RMB 12.50 to RMB 1,223.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange, also went …

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Daily Capesize Review 16/6/21

Capesize freight rates continued its bullish run, due to better market outlook with improving physical demand. The Capesize 5 time charter average, then rose by $2,618 day-on-day to $33,258 on Wednesday, after much premiums on the FFA market that might translated to the physical market. The Baltic Dry Index (BDI) then followed the rally and …

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Iron Ore DCE Sep Daily Technical Review 17/6/21

Verdict – Short-term neutral. DCE iron ore September contract recovered major loss by last trading day and return to previous consolidation range. The area of 1225.5-1233.0 provide major resistance, as the roof areas of many candles. Hourly MACD was narrowing below 0 axis. Hourly slow stochastic KD keep rebounding. However be aware of hourly candles, …

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Daily Virtual Steel Mill Report 17/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China National Bureau of Statistics spokeman said to pay attention to the fast increase on industrial raw materials, and decrease the cost pressure on enterprises by enhancing the market regulation. ·         China May above designated scale industrial enterprises added value at 8.8% y-o-y, …

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