Monthly archives: March 2021

Daily DCE Review 16/3/21

Iron ore futures rebounded from previous trading day loss, due to higher steel prices and better margins. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then surged up by 3.88% day-on-day or up RMB 40 to RMB 1,070/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange, however managed …

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Daily Capesize Review 15/3/21

Capesize freight rates rose further on better market outlook, with gains recorded in both basins. The Capesize 5 time charter average then rose by $313 day-on-day to $17,054 on Monday, after a fresh wave of buyers entered market at the afternoon session. The Baltic Dry Index (BDI) also rebounded higher by 1.17% or 23 points …

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