Daily DCE Review 8/3/21

Iron ore futures opened high on the morning session, only to flatten later at the afternoon session as steel prices dropped. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then moved up slightly by 0.26% day-on-day or RMB 3 to RMB 1,143.50/mt on Monday. The steel rebar contract on the Shanghai …

Daily Capesize Review 5/3/21

Capesize freight rates booked gains on better market sentiment, supported by higher bunker prices and better shipping demand. The Capesize 5 time charter average then rose by $920 day-on-day to $14,794 on Friday, due to better market sentiment from FFA. The Baltic Dry Index (BDI) also strengthened on the better freight rates with gains of …