Market Insights
Top news, commentary and analysis on the China steel and other commodities markets.
Retail stocks of the five major finished steel items stored in the commercial warehouses across China that Mysteel regularly checks declined faster during May 8-14, compared with the dip the week before, the results of Mysteel's latest weekly survey revealed.
The Baltic Exchange's main sea freight index, a benchmark for global dry bulk shipping rates, has staged a strong rebound this week after a decline last Friday, climbing to its highest level in more than two years with all vessel segments posting solid gains.
To sum up, the live hog market is at a crucial bottomfirming stage. Price trends are expected to remain broadly stable, with movement likely confined to a narrow range, that is, the upward resistance is notably stronger. And a nearterm price breakout remains unlikely under the combined weight of ove
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