Monthly archives: January 2021

Daily DCE Review 21/1/21

Iron ore futures opened low and closed higher at the afternoon session, amid market concerns over cyclone development in Australia. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose slightly by 0.90% day-on-day or RMB 9.50 to RMB 1,061/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange …

Continue reading “Daily DCE Review 21/1/21”

Morning Oil Report 21/1/21

U.S. West Texas Intermediate (WTI) crude futures fell 24 cents, or 0.5%, to $53.07 a barrel at 0500 GMT, following two days of gains on expectations of massive COVID-19 relief spending under new U.S. President Joe Biden. Brent crude futures dropped 22 cents, or 0.4%, to $55.86 a barrel.   U.S. crude oil inventories rose …

Continue reading “Morning Oil Report 21/1/21”

Daily Capesize Review 20/1/21

Capesize freight rates continued to rise on firmer physical Atlantic basin, despite thin shipping activities in the market. The Capesize 5 time charter average then went up by $1,409 day-on-day to $25,557 on Wednesday, after a choppy trading session. The Baltic Dry Index (BDI) also moved higher on improving freight rates and hiked up by …

Continue reading “Daily Capesize Review 20/1/21”