Daily DCE Review 9/4/21

Iron ore futures closed the week on slight losses, after much market rally in the week as trade participants returned from holidays. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), then fell slightly by 0.41% day-on-day or down RMB 4 to RMB 979/mt on Friday. The steel rebar contract on the Shanghai …

Daily Capesize Review 8/4/21

Capesize freight rates continued to rise on market optimism, after much support from Brazil’s shipping demand. The Capesize 5 time charter average then rose by $406 day-on-day to $22,874 on Thursday, despite some correction in the Pacific freight rates. The Baltic Dry Index (BDI) then faced some corrections after recent rally and went down by …