FIS API Blog
Capesize freight rates gained further on improving physical demand toward the year end, despite some market volatility. The Capesize 5 time charter average rose by $800 day-on-day to $14,943 on Friday, with good volume being changed hands especially for the Cal 21 and Cal 22 contracts. The Baltic Dry Index (BDI) then went up higher …
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A total of 830,000 mt of iron ores was traded for the week ended Dec 18, almost thrice of the trade volume recorded last week at 180,000 mt. Iron ore prices continued the rally seen last week with price touching near the $160/mt mark, which resulted some buyers to procure from cheaper portside stocks instead. …
Iron ore futures ended the week on record-breaking rally, due to good steel demand, supply concerns and speculative trading. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) maintained above the $1,000/mt mark, after booking a gain of 6.23% day-on-day or RMB 63 to RMB 1,073.50/mt on Friday. Similarly, the steel rebar …
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Capesize freight rates continued its upward momentum on improving shipping demand in the physical market, especially in the Atlantic market. The Capesize 5 time charter average then went up by $317 day-on-day to $14,143 on Thursday, buoyed by market talks of miners seeking for tonnage bullishly in near term. The Baltic Dry Index (BDI) also …
Continue reading “Capesize rates march on with firmer Atlantic market”
Iron ore futures continued to hover above the $1,000/mt mark, following a rally in the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) went up further by 2.60% day-on-day or RMB 26 to RMB 1,026.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange, followed the rally …
Continue reading “DCE stays above $1,000/mt on good restocking activities”
Capesize freight rates hiked up, despite mixed market outlook with an improving Atlantic market, while limited shipping activities were observed in the Pacific. The Capesize 5 time charter average then went up by $698 day-on-day to $13,826 on Wednesday, as the physical continued to show further gains, though it was expected to slow toward year-end …
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Iron ore futures broke the $1,000/mt mark, after a late rally in the afternoon session that pushed up rates at the close. Thus, the most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) rose by 2.96% day-on-day or RMB 29 to RMB 1,008/mt on Wednesday. The steel rebar contract on the Shanghai Futures …
Capesize freight rates continued to rise on improving shipping demand, especially in the Atlantic market. The Capesize 5 time charter average then went up by $846 day-on-day to $13,128 on Tuesday, despite softening freight rates in the Pacific. The Baltic Dry Index (BDI) also maintained its upward climb and went up by 3.08% or 38 …
Continue reading “Capesize rates rallies on better Atlantic market”
Iron ore futures inched closer to the $1,000/mt mark, due to good industrial output indicator from China, despite lower crude steel production recorded in November. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose by 1.48% day-on-day or RMB 14.50 to RMB 994/mt on Tuesday. The steel rebar contract on …
Continue reading “DCE rises despite mixed market indicators”
Capesize freight rates rebounded on improved rates, despite some port closures in China due to bad weather and shipping accident. The Capesize 5 time charter average then went up by $393 day-on-day to $12,282 on Tuesday, after some market talks of raising coal quotas for Chinese importers. Thus, the Baltic Dry Index (BDI) moved up …
Continue reading “Capesize rates rebound on improving Atlantic market”
