FIS API Blog
Iron ore futures rallied on robust restocking demand, regardless of market concerns over rising coronavirus cases and harsh winter conditions that disrupted logistics. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose by 2.96% on-day or RMB 30.50 to RMB 1,061.50/mt on Thursday. The steel rebar contract on the Shanghai …
Continue reading “DCE rallies on restocking demand amid market uncertainty”
Capesize freight rates dipped on mixed market sentiments, due to lower cargoes list in the physical market. The Capesize 5 time charter average then went down slightly by $98 day-on-day to $17,310 on Wednesday, from a subdued trading market. The Baltic Dry Index (BDI), however rose slightly by 0.49 % or 7 points to 1,425 …
Iron ore futures rose slightly amid choppy trading session, due to market concerns over supply tightness and rising coronavirus cases. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose by 0.29% on-day or RMB 3 to RMB 1,033/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange, however …
Capesize freight rates continued to hike upward on better physical market especially on the improving Pacific basin. The Capesize 5 time charter average then went up by $752 day-on-day to $17,408 on Tuesday, with bullish movements seen in the Jan and Feb contract. The Baltic Dry Index (BDI) also rose by 3.20 % or 44 …
Continue reading “Capesize rates rise on supply tightness in the Pacific”
Iron ore futures continued its upward momentum since the start of the week, due to market optimism over steel and restocking demand. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose to 4% on-day or RMB 40 to RMB 1,039/mt on Tuesday. The steel rebar contract on the Shanghai Futures …
Continue reading “DCE rises on supply tightness and high restocking demand”
Capesize freight rates rose on bullish market sentiment, as market participants expected more shipping demand for the new year. The Capesize 5 time charter average then went up slightly by $23 day-on-day to $16,656 on Monday, after the Jan contract traded high up to the $14,800 level. The Baltic Dry Index (BDI) also moved upward …
Continue reading “Capesize rates rise on new year market optimism”
Iron ore futures opened low, only to finish higher after an afternoon rally that pushed trading to high note. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose to 3.35% on-day or RMB 33 to RMB 1,019.50/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange also hiked …
Capesize freight rates steadied toward year-end, amid thin market activities due to seasonal holidays. The paper market however was well-bid and inched higher, as some market participants were optimistic on the high iron ore prices and steel demand for the new year. There were some concerns over the bad weather off China’s coastal areas, which …
Continue reading “Capesize rates steady amid mixed outlook for 2021”
Iron ore futures continued correction phrase as the cold weather affected steel demand and logistics in China. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) fell by 2.46% or RMB 25.50 on-day to RMB 1,010.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange also slid by 1.53% or …
Capesize freight rates softened on thin trading activities, as the shipping market slowed down on holidays season. There were also some market concerns on whether the bad weather off coastal China will result in port closures as it did in the past. As the Chinese meteorological authority issued orange alert on Monday, or the second …
