Monthly archives: December 2020

DCE defies gravity with bullish run

Iron ore futures continued their gravity-defying act for another record-breaking run, fueled by speculative trading and robust steel demand in China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) broke new record with a daily gain of 9.68% to RMB 1,144.50/mt on Monday. The steel rebar contract on the Shanghai Futures …

Continue reading “DCE defies gravity with bullish run”

Capesize rates rise despite volatile market

Capesize freight rates gained further on improving physical demand toward the year end, despite some market volatility. The Capesize 5 time charter average rose by $800 day-on-day to $14,943 on Friday, with good volume being changed hands especially for the Cal 21 and Cal 22 contracts. The Baltic Dry Index (BDI) then went up higher …

Continue reading “Capesize rates rise despite volatile market”