FIS API Blog
Capesize rates continued to push forward with firm iron ore demand that pushed for more shipping activities in the Pacific market. Thus, the Capesize 5 time charter average hiked up by another $310 day-on-day to $8,055 on Tuesday, for the second consecutive day-rise for the week. Following the rally, the Baltic Dry Index (BDI) broke …
Continue reading “Capesize pushes ahead with iron ore rally”
Chinese futures dropped on limited buying interest as procurement slowed down and buyers digested high prices and supply impact in the market. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, continued to descend for the second consecutive day by 1.43% day-on-day to RMB 759.50 per tonne on Wednesday. …
Continue reading “DCE slides for second day on cautious buying”
Capesize rates continued the bullish run over Brazilian supply concerns, while high construction activities in China support iron ore demand. As such, the Capesize 5 time charter average jumped by $438 day-on-day to $7,745 on Monday, after more European players entered the market and pushed up rates. The Baltic Dry Index (BDI) followed the rally …
Continue reading “Capesize rides along with the iron ore bull run”
Chinese futures retreated slightly today after a recent rally that supported by possible supply concerns in Brazil. As such, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, dropped by 1.03% day-on-day to RMB 769.50 per tonne on Tuesday. Following the decline, the steel rebar contract on the Shanghai …
Continue reading “DCE retreats from more Australian exports”
Chinese futures rose further over supply concerns as Vale was ordered to suspend its Itabira mine amid coronavirus pandemic. Thus, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, jumped up by 5.53% day-on-day to RMB 783 per tonne on Monday. However, the steel rebar contract on the Shanghai …
Capesize rates buoyed on good physical fixture with healthy shipping demand out of both basins. Thus, the Capesize 5 time charter average spiked sharply by $1,130 day-on-day to $7,307 on Friday, after a solid gain that lifted the curve to weeks highs. Following the Capesize rally, the Baltic Dry Index (BDI) also surged further to …
Continue reading “Capesize rates continue the good run on firmer iron ore demand”
Capesize market kept up the upward momentum with better shipping demand in both basins with higher iron ore prices. Thus, the Capesize 5 time charter average rose by $910 day-on-day to $6,177 on Thursday, after a strong afternoon session that pushed paper market to a day high. Likewise, the Baltic Dry Index (BDI) also managed …
Chinese futures dipped further on lower buying interest, as buyers were turned off by high seaborne prices and preferred port purchases. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, slid down by 0.93% day-on-day to RMB 746 per tonne on Friday. Following the downtrend, the steel rebar contract …
Continue reading “DCE extends corrections despite strong Chinese demand”
Capesize market spiked further upward due to improving shipping fundamentals and higher iron ore demand. Due to the good physical market, the Capesize 5 time charter average rose by $1,054 day-on-day to $5,247 on Wednesday. In view of the strong Capesize market, the Baltic Dry Index (BDI) reached to a three-week high to 592 ratings, …
Continue reading “Capesize rates strengthen by better iron ore demand”
Chinese futures faced correction after recent rally as buying interests slowed, while steel demand came under threat from rainy season. Thus, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, dropped down by 2.12% day-on-day to RMB 737 per tonne on Thursday. Likewise, the steel rebar contract on the …
