Monthly archives: December 2020

Capesize rates rallies on better Atlantic market

Capesize freight rates continued to rise on improving shipping demand, especially in the Atlantic market. The Capesize 5 time charter average then went up by $846 day-on-day to $13,128 on Tuesday, despite softening freight rates in the Pacific. The Baltic Dry Index (BDI) also maintained its upward climb and went up by 3.08% or 38 …

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Oil and Ore Intraday Morning Technical 16/12/20

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Daily Ferrous Physical Review 16/12/20

Ferrous Market –    CISA held an internet conference with Rio Tinto, suspecting the high premium physical trades on platform. Rio indicated would find more transparent and effective way to help creating new pricing strategies with end-users. –    Rio indicated the previous suspension miner which destroyed native sites, was not included into production target. Some media …

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Iron Ore DCE May Daily Technical Review 16/12/20

Verdict – Short-term neutral.   DCE iron ore May consolidate and rebound during the day with unchanged both on open interest and volume. Iron ore during the day tested high and low at 1017.0 and 985.5 respectively. However major time consolidated around 1000.0. From hourly chart KD created gold cross yesterday morning and flattened during …

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