FIS API Blog
Capesize freight rates were on correction phrases and the paper market was on a selloff due to bearish sentiment. Thus, the Capesize 5 time charter average fell by $2,028 day-on-day to $29,479 on Friday, after aggressive selloff before finding some supports at the lows of the trading day. The Baltic Dry Index (BDI) then dropped …
Continue reading “Capesize rates correct further on weak physical market”
Iron ore futures jumped with the return of Chinese trade participants from the holidays and good economic indicators in China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then surged by 4.80% day-on-day to RMB 830 per tonne on Friday. The steel rebar contract on the Shanghai Futures Exchange then …
Continue reading “DCE rises with the return of Chinese trade participants”
Capesize freight rates continued its downtrend as the physical market came under pressure with further easing of rates. Thus, the Capesize 5 time charter average fell by $1,958 day-on-day to $31,507 on Thursday, with a sluggish Atlantic market and Pacific rates moving Due to weak Capesize market, the Baltic Dry Index (BDI) fell by 3.62% …
Continue reading “Capesize rates ease on weak physical market”
Capesize freight rates slumped into losses after aggressive selloff in the paper market, especially for the Oct and Q4 contracts. Thus, the Capesize 5 time charter average fell by $1,431 day-on-day to $33,465 on Wednesday, after the physical market came under pressure. The Baltic Dry Index (BDI) followed by the slump but still managed to …
Continue reading “Capesize rates plunge after paper selloff”
Capesize freight rates continued its upward push albeit a slower rate than previously seen in recent rally. Thus, the Capesize 5 time charter average gained by $603 day-on-day to $34,896 on Tuesday, as the market uptrend moved in slower momentum. The Baltic Dry Index (BDI) then managed to stay firm above the 2,000 readings and …
Capesize freight rates continued its bullish run and reached new height due to good shipping fundamentals. Thus, the Capesize 5 time charter average surged up by $1,227 day-on-day to $34,293 on Monday, touching a new year high amid good shipping demand. Following the bullish Capesize market, the Baltic Dry Index (BDI) stayed above the 2,000 …
Continue reading “Capesize rates reach new peak for the year”
Capesize freight rates hiked up on bullish shipping outlook with firm supports to set for another high rate for the year. The Capesize 5 time charter average hiked up by $3,734 day-on-day to $33,066 on Friday, despite the absence of Chinese participants due to holidays. The Baltic Dry Index (BDI) then went above the 2,000 …
Continue reading “Capesize sets for another yearly high level”
A total of 1.38 million mt of iron ores was traded for the week ended Oct 2, down almost 27% week-on-week as compared to the 1.89 million mt recorded last week. The decline in trading volumes was due to the shorter trading week as the Chinese participants were absence in the market for the Golden …
Continue reading “Lower iron ore trade volumes amid Golden week holidays”
Capesize freight rates jumped on strong physical market with huge gains for October contracts due to better shipping outlook. The Capesize 5 time charter average then hiked up by $3,701 day-on-day to $29,332 on Thursday, due to decent demand in both Atlantic and Pacific basins. The Baltic Dry Index (BDI) also rose by 8.35% or …
Continue reading “Capesize rates surge on robust physical market”
