Capesize freight rates continued to slide on the volatile market, though some felt the market would soon bottoming out in the subdued physical market. The Capesize 5 time charter average, then dropped by $234 day-on-day to $21,596 on Thursday, after some market selloff sessions. The Baltic Dry Index (BDI) also decreased slightly by $3 day-on-day, …
Author archives: Titus Zheng Shujian
Daily DCE Review 17/03/22
Iron ore futures extended bullish run, despite market uncertainty and concerns over slowing Chinese steel output. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 4.65% day-on-day or up RMB 36 to RMB 810/mt, during the day trading session on Thursday. The rebar futures also increased by 1.74% or up RMB 84 …
Daily Capesize Review 16/3/22
Capesize freight rates coughed the gains made recently, following the selloff sessions, amid the volatile market. The Capesize 5 time charter average, then dropped by $1,583 day-on-day to $21,830 on Wednesday, after market selloff in the afternoon session. The Baltic Dry Index (BDI) then decreased by $98 day-on-day, or down 3.64% day-on-day, to $2,591, due …
Daily Capesize Review 15/3/22
Capesize freight rates extended bullish run, due to support of tighter tonnage with healthy demand from the Pacific market. The Capesize 5 time charter average, then jumped by $312 day-on-day to $23,413 on Tuesday, despite some selloff in the market. The Baltic Dry Index (BDI) however decreased slightly by $38 day-on-day, or down 1.39% day-on-day, …
Daily DCE Review 16/03/22
Iron ore futures rebounded from previous losses, despite market concerns over rising covid cases that resulted in lockdown measures. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 5.17% day-on-day or up RMB 39.50 to RMB 804/mt, during the day trading session on Wednesday. The rebar futures also increased by 3.22% or …
Daily DCE Review 15/03/22
Iron ore futures dipped on slow steel demand, despite better economic indicator in the Chinese property sector. The futures of Dalian Commodity Exchange (DCE) for May delivery dipped by 4.61% day-on-day or down RMB 36.50 to RMB 756/mt, during the day trading session on Tuesday. The rebar futures also decreased by 0.81% or down RMB …
Daily DCE Review 11/03/22
Iron ore futures rebounded by the end of weeks, after two trading days session of losses, amid market concerns over weak supply and restocking demand. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 3.79% day-on-day or up RMB 30 to RMB 822/mt, during the day trading session on Friday. The rebar …
Daily Capesize Review 10/3/22
Capesize freight rates continued to climb from strength to strength with robust market support of moving Australian coals into Europe. The Capesize 5 time charter average, then jumped by $2,740 day-on-day to $13,598 on Thursday, despite support from the high bunker prices. The Baltic Dry Index (BDI) also increased by $146 day-on-day, or up 5.71% …
Daily DCE Review 09/03/22
Iron ore futures dipped at the closing trading session, as market sentiment on iron demand remained poor due to lower steel margins. The futures of Dalian Commodity Exchange (DCE) for May delivery fell by 3.85% day-on-day or down RMB 32.50 to RMB 812.50/mt, during the day trading session on Wednesday. The rebar futures also dropped …
Daily DCE Review 04/03/22
Iron ore futures ended the week on high notes, due to market optimism on better Chinese steel demand. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 2.78% day-on-day or up RMB 22 to RMB 812.50/mt, during the day trading session on Friday. The rebar futures also rose slightly by 0.31% or …