Monthly archives: April 2021

Daily DCE Review 28/4/21

Iron ore futures moved lower at the close due to market concerns over price controls following the recent rally. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then dropped by 1.04% day-on-day or down RMB 12 to RMB 1,138.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures …

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Daily Capesize Review 27/4/21

Capesize freight rates rallied on bullish market outlook with record high iron ore prices and good steel demand from China. The Capesize 5 time charter average then surged up by $2,106 day-on-day to $37,453 on Tuesday, due to bullish market outlook. The Baltic Dry Index (BDI) then rose by 2.88% or 81 points on-day to …

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