Category archives: News

India urea Supply and Demand in Depth

Consensus seems to be that recent news of IFFCO setting up oxygen plants at their urea facilities will have a limited impact on production and domestic urea supply. However, some expect we could see slight reduction to capacity rates if further resources get redirected to the covid-19 effort.   Meanwhile expectations are for India to …

Continue reading “India urea Supply and Demand in Depth”

Daily DCE Review 20/4/21

Iron ore futures continued to rally since opening session and closed higher at the afternoon trading session amid robust steel demand. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then rose by 3.58% day-on-day or up RMB 38 to RMB 1,100/mt on Tuesday. The steel rebar contract on the …

Continue reading “Daily DCE Review 20/4/21”

Daily Capesize Review 19/4/21

Capesize freight rates continued to climb due to bullish market outlook that resulted in stronger FFA market. The Capesize 5 time charter average then rose by $310 day-on-day to $28,830 on Monday, following the rally last week. The Baltic Dry Index (BDI) also rose further by 1.97 % or 47 points to 2,432 readings, due …

Continue reading “Daily Capesize Review 19/4/21”