FIS API Blog
Capesize freight rates hit a roofer due to market bullish sentiment and the thinner ballaster list that supported higher rates. The Capesize 5 time charter average jumped by $1,363 day-on-day to $18,592 on Wednesday, due to the upward momentum seen in both basins. Thus, the Baltic Dry Index (BDI) surged up by 4.55% or 62 …
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Iron ore futures remained flattish since market opening but benefited from a late rally in the afternoon session for gains. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose slightly by 0.33% day-on-day to RMB 767 per tonne on Thursday. Likewise, the steel rebar contract on the Shanghai Futures …
Capesize freight rates bounced from the recent slump and pushed up significantly on good shipping demand. As such, the Capesize 5 time charter average jumped by $1,140 day-on-day to $17,229 on Tuesday, with the September and October contracts making big gains. The Baltic Dry Index (BDI) chased the rally and saw gain of 3.81% or …
Continue reading “Capesize rates jump on better physical market”
Iron ore futures stayed rather flattish due to a slowdown in steel demand and lower steel prices. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dipped slightly by 0.65% day-on-day to RMB 766.50 per tonne on Wednesday. However, the steel rebar contract on the Shanghai Futures Exchange saw a slight …
Capesize freight rates rebound on better shipping demand in the Pacific which improved overall market sentiment. Thus, the Capesize 5 time charter average rose by $328 day-on-day to $16,289 on Monday, with improved bids that boosted the paper market. The Baltic Dry Index (BDI) reflected the market optimism and posted gain of 1.39% or 18 …
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Iron ore futures continued to slide on lower steel prices as steel demand started to lose steam amid peak construction season. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange fell by 2.03% day-on-day to RMB 772.50 per tonne on Tuesday. However, the steel rebar contract on the Shanghai Futures Exchange …
Capesize freight rates moved in mixed directions as the decent shipping demand, higher bunker prices and firm iron ore prices failed to push rates up. Thus, the Capesize 5 time charter average went down slightly by $114 day-on-day to $15,764 on Friday, amid the mixed market outlook. The Baltic Dry Index (BDI) however was rather …
Iron ore futures went off the cliff on Monday due to the lower than expected steel demand and bearish market sentiment. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange went to a steep dive since opening, dropping 2.88% day-on-day to RMB 776 per tonne on Monday. Likewise, the steel rebar …
A total of 2.302 million mt of iron ores was traded for the week ended Sep 18, up 13.40% as compared to the 2.03 million mt recorded last week. Pilbara Blend fines (PBF) had once again accounted almost half of the transacted trades for this week at 49% of the market share, which was similar …
Continue reading “A constant reliance on medium grade fines”
Capesize freight rates spotted a gain on better physical activities and expectation of another rally in Q4. The Capesize 5 time charter average went up by $211 day-on-day to $15,875 on Thursday, on good market volume and market optimism for Q4. The Baltic Dry Index (BDI) then rose by 1.01% or 13 points day-on-day to …
Continue reading “Capesize rates gain on better market outlook”
