Category archives: Products

DCE gains slightly over slower steel output

Iron ore futures booked slight gains after the recent bullish run due to better steel prices and margins. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 0.96 % or RMB 8 day-on-day to RMB 838 /mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange however, …

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Capesize rates take a breather from recent gains

Capesize freight rates suffered a dip as the bullish momentum flatten out with fewer fixtures being done at higher rates. The Capesize 5 time charter average dipped by RMB 67 day-on-day to $14,781 on Tuesday, as the market lost steam with concerns on the muted Atlantic basin. The Baltic Dry Index (BDI) then moved down …

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Iron Ore DCE January Daily Technical Review Nov 11th

Verdict – Short-term neutral to bullish, be aware of market reversal. DCE iron ore rebounded gentlely during the day. However most of the push was contributed by some block trades during 14:00 – 14:01 p.m. In addition ferrous sector is also supported by coking coal spike. Hourly MACD and CCI are both flatenning. Short-run technicals …

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Daily Ferrous Physical Review Nov 11th

Ferrous Market –    China steel mills are planning  to invest in south-east countries, equal to 54 million tonnes of steel capacity. –    Ganggu Construction Steel Inventory: production 5.26 million tonnes, down 55,400 tonnes w-o-w. Mills inventory 3.55 million tonnes, down 274,600 tonnes w-o-w. Circulation inventory 7.93 million tonnes, up 731,300 tonnes w-o-w. –    Many steel …

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