FIS API Blog
Capesize freight rates continued to dip, due to slow shipping demand in both basins. The Capesize 5 time charter average went down by $289 day-on-day to $12,332 on Tuesday, amid the muted market. The Baltic Dry Index (BDI) then dropped by 1.30% or 16 points to 1,211 readings, due to weaker freight rates rates. A better Atlantic …
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Iron ore futures opened lower, but ended slightly higher on a late market rally, following better economic indicators from China. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange went up by 0.28% or RMB 2.50 day-on-day to RMB 908.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange, …
Capesize freight rates reversed into drop on thin shipping activities, amid some improvement in the physical market. The Capesize 5 time charter average went down slightly by $91 day-on-day to $12,621 on Monday, after a slow start to the week. The Baltic Dry Index (BDI) then dropped by 0.24% or 3 points to 1,227 readings, due to weaker …
Iron ore futures ended the day session higher, supported by the better steel margins and positive economic data from China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose further by 1.11% or RMB 10 day-on-day to RMB 911.50/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange, …
Capesize freight rates maintained upward climb, due to the improving physical market and higher bunker prices. The Capesize 5 time charter average then went up by $198 day-on-day to $12,712 on Friday, due to market optimism on December shipping demand. The Baltic Dry Index (BDI) followed the better freight rates and booked a gain of …
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A total of 1.37 million mt of iron ores was traded for the week ended Nov 27, almost halved or down 48.88% week-on-week, as compared to 2.68 million mt recorded last week. The lower transaction volume was due to colder weather in northern China that resulted in lesser construction activities and reduced the intakes for …
Continue reading “Lesser iron ore intakes in preparation for winter”
Iron ore futures ended the week on high note after much rally due to robust steel demand and high steel margins. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange broke the RMB 900/mt mark and rose by 1.52% or RMB 13.50 day-on-day to RMB 902/mt on Friday. The steel rebar …
Continue reading “DCE breaks the RMB 900/mt mark on higher steel demand”
Capesize freight rates continued its upward momentum, due to the improving physical market. The Capesize 5 time charter average went up by $328 day-on-day to $12,514 on Thursday, due to better freight rates. The Baltic Dry Index (BDI) followed the uptrend and booked a gain of 1.84% or 22 points to 1,219 readings. More …
Continue reading “Capesize rates continue uptrend momentum on better market”
Iron ore futures surged since opening session and closed higher at the afternoon session, amid market optimism for better steel demand. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange went up by 2.11% or RMB 18.50 day-on-day to RMB 897/mt on Thursday. The steel rebar contract on the Shanghai …
Capesize freight rates rose higher after a flurry of fixtures were being done in the Pacific market, lifting market sentiment after previous correction. The Capesize 5 time charter average then inched up by $190 day-on-day to $12,186 on Wednesday, due to significant gains at the physical market. The Baltic Dry Index (BDI) followed the rally …
Continue reading “Capesize rates move higher on firm Pacific market”
