Category archives: Products

DCE inches up amid market uncertainty

Iron ore futures rose slightly amid choppy trading session, due to market concerns over supply tightness and rising coronavirus cases. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose by 0.29% on-day or RMB 3 to RMB 1,033/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange, however …

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Capesize rates rise on supply tightness in the Pacific

Capesize freight rates continued to hike upward on better physical market especially on the improving Pacific basin. The Capesize 5 time charter average then went up by $752 day-on-day to $17,408 on Tuesday, with bullish movements seen in the Jan and Feb contract. The Baltic Dry Index (BDI) also rose by 3.20 % or 44 …

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Oil and Ore Intraday Morning Technical 6/1/21

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Morning Oil Report 6/1/21

Brent crude rose as much as nearly 1% to $54.09 a barrel, the highest since Feb. 26, 2020. It was at $53.87 a barrel at 0536 GMT after jumping 4.9% on Tuesday. U.S. West Texas Intermediate (WTI) futures reached $50.24 a barrel, also the highest since Feb. 26, before slipping to $50. The contract on …

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Daily Ferrous Physical Review Jan 6th

Ferrous Market –    Ganggu Construction Steel Inventory: production 5.26 million tonnes, up 2,600 tonnes w-o-w. Mills inventory 4.93 million tonnes, up 124,000 tonnes w-o-w. Circulation inventory 5.94 million tonnes, up 342,400 tonnes w-o-w. –    Low aluminum iron ore demand increased as winter environment protection in China as well as high coke price. –    MySteel Australia …

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