Monthly archives: August 2020

Another short trading week for Capesize

It was another short trading week for the Capesize market in view of the South Korean public holidays. Thus, the Capesize 5 time charter average slipped down slightly by $16 day-on-day to $19,900 on Monday, as the paper traded at very narrow range with thin volumes. Despite the flattish Capesize market, the Baltic Dry Index …

Continue reading “Another short trading week for Capesize”

DCE rallies higher on tight supply and monetary policy

DCE rallies higher on tight supply and monetary policy Iron ore futures closed higher upon better buying interest amid supply tightness of medium grade ores among dockside stocks. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange continued to rally higher by 3.48% or RMB 29 day-on-day to RMB 863 per …

Continue reading “DCE rallies higher on tight supply and monetary policy”

Morning Oil Report 18/8/20

Good morning all. Brent futures were down 22 cents, or 0.5%, at $45.15 a barrel by 3:22 am GMT, while WTI was down 23 cents, or 0.5%, at $42.66 a barrel.   Oil prices moved higher overnight on strong support from ramped-up China crude purchases, a faster-than-expected US economic recovery and liquidity injections from China’s …

Continue reading “Morning Oil Report 18/8/20”