Monthly archives: January 2021

Daily DCE Review 19/1/21

Iron ore futures reversed into losses, as market concerns over declining steel margins and the impact of rising coronavirus cases on steel demand and logistics. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then, fell by 1.41% on-day or RMB 15 to RMB 1,046/mt on Tuesday. The steel rebar contract on …

Continue reading “Daily DCE Review 19/1/21”

Morning Oil Report 19/1/21

Brent crude futures for March rose 20 cents, or 0.4%, to $54.95 a barrel by 0351 GMT after slipping 35 cents in the previous session. U.S. West Texas Intermediate crude was at $52.19 a barrel, down 17 cents, or 0.3%. There was no settlement on Monday as U.S. markets were closed for a public holiday. …

Continue reading “Morning Oil Report 19/1/21”

Daily Capesize Review 18/1/21

Capesize freight rates continued to slide further in choppy trading session with market concerns on cyclone development off Australia. The Capesize 5 time charter average then dropped for the fourth consecutive days by $448 day-on-day to $23,541 on Monday, following a selloff in Asian market. The Baltic Dry Index (BDI) also slid slightly by 0.80% …

Continue reading “Daily Capesize Review 18/1/21”