Capesize freight rates continued to drop sharply, as shipping activities slowed down in Europe due to public holidays. The Capesize 5 time charter average, then fell by $4,229 day-on-day to $28,840 on Thursday, following the aggressive sell off in the session. The Baltic Dry Index (BDI) then dipped by $194 day-on-day, or down 6.20 % …
Author archives: Titus Zheng Shujian
Daily Capesize Review 25/05/22
Capesize freight rates fell across both the Pacific and Atlantic basin, despite some healthy fixtures done along the week. The Capesize 5 time charter average, then dropped by $2,495 day-on-day to $33,069 on Wednesday, following the selloff in the trading session. The Baltic Dry Index (BDI) then dipped by $126 day-on-day, or down 3.87% day-on-day …
Daily DCE Review 26/05/22
Iron ore futures reversed into losses from previous day rally, despite a late recovery in the afternoon session. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then dipped slightly by 0.77% day-on-day or down RMB 6.50 to RMB 834/mt, during the day trading session on Thursday. The rebar futures …
Daily DCE Review 25/05/22
Iron ore futures inched for gains after a late market rally to recoup the losses made during the morning trading session. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked slightly by 0.35% day-on-day or up RMB 3 to RMB 852/mt, during the day trading session on Wednesday. …
Daily DCE Review 23/05/22
Iron ore futures started the week on gains, due to market optimism over easing of mortgage rates that supported the Chinese construction sector. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked by 4.41% day-on-day or up RMB 36.50 to RMB 863.50/mt, during the day trading session on …
Daily DCE Review 20/05/22
Iron ore futures ended the week on high note, despite market sentiment on softer steel demand amid thin steel margins. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked by 5.13% day-on-day or up RMB 42.50 to RMB 842.50/mt, during the day trading session on Friday. The rebar …
Daily Capesize Review 19/5/22
Capesize freight rates rose further on better shipping demand with higher rates seen in the Atlantic market, due to thin ballaster list. The Capesize 5 time charter average, then rose by $1,837 day-on-day to $36,368 on Thursday, despite some slight correction in the trading session. The Baltic Dry Index (BDI) then rose by $100 day-on-day, …
Daily DCE Review 19/05/22
Iron ore futures gained slightly in the day trading session, despite market sentiment on softer steel demand amid thin steel margins. The futures of Dalian Commodity Exchange (DCE) for the most-traded September iron ore contract then hiked by 0.18% day-on-day or up RMB 1.50 to RMB 818/mt, during the day trading session on Thursday. The …
Daily Capesize Review 18/5/22
Capesize freight rates rose further on tight vessel supply and a flurry of trades done for the June contracts. The Capesize 5 time charter average, then rose by $1,777 day-on-day to $34,531 on Wednesday, after a bullish trading session. The Baltic Dry Index (BDI) then rose by $94 day-on-day, or up 3.04% day-on-day to $3,189, …
Daily DCE Review 18/05/22
Iron ore futures gave up gains and plunged in today day session, amid bearish market sentiment and thin steel margins. The futures of Dalian Commodity Exchange (DCE) then dropped by 5.27% day-on-day or down RMB 44 to RMB 791/mt, during the day trading session on Tuesday. The rebar futures also fell by 2.87% or down …