Monthly archives: November 2021

Daily Capesize Review 26/11/21

Capesize freight rates continued to rise, despite market scares of the new covid variant spread and expectation of adverse weather that affected shipping activities. The Capesize 5 time charter average, then rose by $1,076 day-on-day to $32,393 on Friday, amid a choppy market. The Baltic Dry Index (BDI) then rose by $89, up 3.32% day-on-day, …

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Daily DCE Review 29/11/21

Iron ore futures rallied at the start of the week, due to market optimism on mills’ ramping up steel production in December. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 4.77% day-on-day or up RMB 28 to RMB 614.50/mt, during the day trading session on Monday. The rebar futures, however …

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Oil and Products Report 29/11/21

Good morning, the oil market ended last week on a negative note. ICE Brent settled more than 11.5% lower on Friday, closing at its lowest level since September. The front-month contract plunged below the 100-day moving average and all the way towards the 200-day moving average. Concern over the latest Covid variant and the resulting …

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