Monthly archives: December 2020

DCE ends bullish run due to crackdown measures

Iron ore futures reversed into losses after a record-breaking run, due to a selloff at the afternoon session as anti-speculative trading measures took effect. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped by 4.78% or RMB 53 to RMB 1,055/mt on Tuesday. The steel rebar contract on the Shanghai Futures …

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Capesize rates move slowly prior to holiday season

Capesize freight rates managed to book slight gain, despite the shipping market slowed down due to the upcoming holiday season. The Capesize 5 time charter average inched up slightly by $142 day-on-day to $15,085 on Monday, due to thinner market volumes and rangebound activity. The Baltic Dry Index (BDI), however dropped slightly by 0.15% or …

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Morning Oil Report

The fast-spreading new coronavirus strain has shut down much of Britain and has prompted several countries to close their borders to British travellers and freight. Brent crude futures were down 54 cents, or 1.1% to $50.37 a barrel at 0531 GMT before falling to $49.60 at 0700GMT, while U.S. West Texas Intermediate (WTI) crude futures …

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