Category archives: Products

Daily Capesize Review 5/2/21

Capesize freight rates remained under pressure as Chinese trade participants prepared for Lunar New Year celebrations. The Capesize 5 time charter average then dipped slightly by $110 day-on-day to $12,662 on Friday, due to thin market activities. The Baltic Dry Index (BDI), however rose slightly by 0.45% or 6 points to 1,333 readings, due to …

Continue reading “Daily Capesize Review 5/2/21”

Iron Ore DCE May Daily Technical Review 8/2/21

Verdict – Short-term neutral. DCE iron ore rebounded significantly during the morning, however last three hours consolidated. Both open interest and volume decreased compared to last Friday. Hourly KD flattened on the overbought area. Hourly MACD potentially create dead cross with current price. Technical signals indicated iron ore exhausted and be aware of reversal. The …

Continue reading “Iron Ore DCE May Daily Technical Review 8/2/21”

Ferrous Daily Physical Review 8/2/21

Ferrous Market –    Russia Miner Metalloinvest Q4 production 10.07 million tonnes, down 1% from Q3. Year 2020 total production 40.43 million tonnes, up 0.5% y-o-y. Q4 iron ore delivery 2.14 million tonnes, down 8.1% from Q3. –    Steelbank construction steels inventory 6.19 million tonnes, up 28.68% w-o-w. HRC inventories 2.257 million tonnes, up 15.01% w-o-w. …

Continue reading “Ferrous Daily Physical Review 8/2/21”