Capesize freight rates softened on limited shipping activities, as holidays season approached that slowed trading in the market. The Capesize 5 time charter average, then slumped down by $3,134 day-on-day to $24,003 on Thursday, after sustaining further losses in the paper market. The Baltic Dry Index (BDI) also dropped by $167, down 6.27% day-on-day, to …
Author archives: Titus Zheng Shujian
Daily DCE Review 16/12/21
Iron ore futures rebounded despite slow steel demand as margins improved, which might result in better restocking activities. The futures of Dalian Commodity Exchange (DCE) for January delivery then jumped by 2.75% day-on-day or up RMB 18 to RMB 673/mt, during the day trading session on Thursday. The rebar futures also went up by 2.44% …
Daily DCE Review 15/12/21
Iron ore futures slipped on slowing steel demand and prolonged sintering curbs that dampened market sentiments. The futures of Dalian Commodity Exchange (DCE) for January delivery then went down by 2.04% day-on-day or down RMB 13.50 to RMB 649/mt, during the day trading session on Wednesday. The rebar futures, however, went up by 1.07% day-on-day …
Daily Capesize Review 14/12/21
Capesize freight rates continued to weaken due to slow shipping activities and oversupplied market, amid holidays season. The Capesize 5 time charter average, then plunged down by $6,289 day-on-day to $32,838 on Tuesday, after a massive selloff in the paper market. The Baltic Dry Index (BDI) also dropped by $284, down 8.83% day-on-day, to $2,932, …
Daily DCE Review 14/12/21
Iron ore futures inched down into losses as market optimism waned over slow steel demand in the physical market. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched down by 0.61% day-on-day or down RMB 4 to RMB 650.50/mt, during the day trading session on Tuesday. The rebar futures, however, went up …
Daily Capesize Review 13/12/21
Capesize freight rates softened with holidays season approaching, as market activities slowed down amid thin cargo list. The Capesize 5 time charter average, then decreased by $908 day-on-day to $39,127 on Monday, as holiday moods persisted in the paper market. The Baltic Dry Index (BDI) also dropped by $56, down 1.71% day-on-day, to $3,216, due …
Daily DCE Review 13/12/21
Iron ore futures rebounded from losses last week, amid market optimism over better monetary and fiscal policy pledged by Beijing policymakers. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 5.03% day-on-day or up RMB 32 to RMB 668.50/mt, during the day trading session on Monday. The rebar futures also went …
Daily Capesize Review 9/12/21
Capesize freight rates headed southward with losses in both basin as shipping demand cooled off during holiday season. The Capesize 5 time charter average, then decreased by $1,651 day-on-day to $41,379 on Thursday, as market activities slowed down toward year-end. The Baltic Dry Index (BDI) also dropped by $80, down 2.34% day-on-day, to $3,343, due …
Daily DCE Review 10/12/21
Iron ore futures dropped amid market uncertainty over winter stocking activities and slow steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped slightly by 0.70% day-on-day or down RMB 4.50 to RMB 639.50/mt, during the day trading session on Friday. The rebar futures also went down slightly by 0.25% day-on-day …
Daily DCE Review 9/12/21
Iron ore futures retreated into losses after steady gains for the week, as trade participants found misalignment between the recent paper rally and the lacklustre physical market. The futures of Dalian Commodity Exchange (DCE) for January delivery then decreased by 3.17% day-on-day or down RMB 21 to RMB 642.50/mt, during the day trading session on …