FIS API Blog
Goldman Sachs expected more steams for iron ore rally, despite its prolonged bullish run for three-consecutive year. At first the bull run was triggered by supply shock from Brazil’s Vale, but the rally had matured to a more demand-oriented market, boosted by various governments’ economic stimulus packages. “Iron ore has become the poster child of …
Continue reading “SIOF Week 2021: Iron ore to extend commodity bull run”
Capesize freight rates continued to stay afloat with slight gains, though there was some softening in the Pacific and the Atlantic basins. The Capesize 5 time charter average, then inched up by $294 day-on-day to $31,266 on Monday, byproduct of the recent rally in the FFA market. Slow market activities despite healthy cargo list …
Iron ore futures moved in a choppy fashion on Monday, over looming concerns for further production cuts in China. The futures of Dalian Commodity Exchange (DCE) for September delivery then opened high, only to fall before recovery at the close with gain of 1.45% day-on-day or RMB 17 to RMB 1,188.50/mt during the day trading …
Capesize freight rates recovered from recent slump and drove up on better Atlantic basins, while market slowed down in the Pacific basin. The Capesize 5 time charter average, then increased by $712 day-on-day to $30,972 on Friday, after some improvement in the trading session. The Baltic Dry Index (BDI) also rose slightly by 0.58% day-on-day, …
Iron ore futures rebounded from earlier losses in the morning session to close the afternoon session on positive note. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 1.02% day-on-day or up RMB 12.50 to RMB 1,244/mt at the close of day trading session on Wednesday. The rebar futures continued to …
Capesize freight rates dipped lower in the oversupplied market, despite some comeback during the trading session. The Capesize 5 time charter average, then dropped down by $464 day-on-day to $27,309 on Tuesday, due to selling pressure during the session. The Baltic Dry Index (BDI) also slipped by 1.40% day-on-day, down 45 points to 3,179 readings, …
Iron ore futures rose for the second consecutive trading day, following the upticks in steel prices and lower iron ore shipments. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 2.84% day-on-day or up RMB 34 to RMB 1,231/mt at the close of day trading session on Tuesday. The rebar futures …
Capesize freight rates continued to lose ground on thin trading activities amid sluggish shipping demand. The Capesize 5 time charter average, then plunged down by $1,333 day-on-day to $27,773 on Monday, after selloff session. The Baltic Dry Index (BDI) also dropped by 1.86% day-on-day, down 61 points to 3,224 readings, due to the weakening freight …
Iron ore futures hiked up at the start of the week, as steel production resumed after centennial celebration of political party in early July. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 5.51% day-on-day or up RMB 64 to RMB 1,225/mt at the close of day trading session on Monday. …
Capesize freight rates continued to dip after a market pullback from limited activities in the physical market. The Capesize 5 time charter average, then nosedived down by $1,494 day-on-day to $29,106 on Friday, after a choppy market. The Baltic Dry Index (BDI) also fell by 1.59% day-on-day, down 53 points to 3,285 readings, following the …
