Category archives: News

Panamax Technical Report 30/09/21 (negative divergences create a futures pullback)

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FIS Singapore Iron Ore Derivatives Report 30/09/21

Market Commentary Iron ore futures surged to as high as $128 in Asia on Thursday as traders locked in purchases ahead of the “golden week” holiday. Some traders were thought to be making last-ditched efforts to replenish their stocks, driving up prices in the process. “Iron ore is showing quite a clear rebound because mills …

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Daily DCE Review 30/9/21

Iron ore futures opened high at the morning session, before experiencing more easing at the afternoon session but managed to book gains at the close, ahead of the Golden Week holidays. The futures of Dalian Commodity Exchange (DCE) for January delivery then jumped by 5.41% day-on-day or up RMB 37 to RMB 721.50/mt, during the …

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Daily Capesize Review 29/9/21

Capesize freight rates extended its rally to record-high levels, with supports from tight tonnage supply and better shipping demand. The Capesize 5 time charter average, then jumped by $5,773 day-on-day to $74,786 on Wednesday, despite some profit taking in the session. The Baltic Dry Index (BDI) then rose by $235, up 4.74% day-on-day, to $5,197, …

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