Category archives: Products

DCE rallies for another record-breaking round on reduced Brazilian supply

Iron ore futures set for another record-breaking level, due to market concerns over reduced supply from Brazil’s Vale. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose by1.63% or RMB 15.50 day-on-day to RMB 937/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange, however dipped by 1.23% or RMB 48 …

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Morning Oil Report 3/12/20

Brent crude futures ended up 1.6% last night as the expectation of positive news from the OPEC meeting due today kept the market buoyant, although prices fell overnight. At 0700GMT there was some buying activity which lifted the price to $48.26 per barrel.   EIA week ending 11/27 Crude oil: -0.7M Gasoline: +3.5M Distillates: +3.2M …

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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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