Daily DCE Review 12/4/21

Iron ore futures opened low, before a late rally toward the afternoon trading session that pushed up rates higher. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose by 2.58% day-on-day or up RMB 25.50 to RMB 1,014/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange, however dropped …

Daily Capesize Review 9/4/21

Capesize freight rates rallied on better shipping demand, especially with more cargoes coming from the Atlantic market. The Capesize 5 time charter average then rose by $1,037 day-on-day to $23,911 on Friday, due to market optimism for Forward Freight Agreement (FFA). The Baltic Dry Index (BDI), however, dipped slightly after recent rally and went down …