Category archives: News

Iron ore market starts well for the new year amid coronavirus concerns

A total of 2,020,000 mt of iron ores was traded for the week ended Jan 8, getting off for a good start of the new year in 2021. The first working week of 2021 also started with positive PMIs indicators in China, which set the pace for a bullish market, though there were some concerns …

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Capesize picks up on better demand and thinner tonnage

Capesize freight rates improved on better shipping demand in both the Pacific and Atlantic basins. The Capesize 5 time charter average then went up by $288 day-on-day to $17,598 on Thursday, due to the tighter Atlantic market. The Baltic Dry Index (BDI) also rose higher by 1.61% or 23 points to 1,448 readings, due to …

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DCE ends the week in rally amid coronavirus concerns

Iron ore futures ended the week on high notes, despite some selloff in the morning session, but only to rally later at the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose by 2.35% on-day or RMB 24.50 to RMB 1,067.50/mt on Friday. The steel rebar contract on …

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