Category archives: News

More iron ore price corrections after stricter trading measures

A total of 770,000 mt of iron ores was traded for the week ended Dec 24, less 7.23% on-week as compared to the trade volume of 770,000 mt recorded last week. Benchmark iron ore prices peaked above $175/mt since the start of the week, but soon dropped as Dalian Commodity Exchange (DCE) imposed stricter measures …

Continue reading “More iron ore price corrections after stricter trading measures”

DCE rebounds despite strict trading restrictions

Iron ore futures rebounded over buoyant market outlook, despite DCE’s tightening of trading limits. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) rose slightly by 0.93% or RMB 9.50 to RMB 1,036/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange however, dropped by 0.39% or RMB 17 day-on-day …

Continue reading “DCE rebounds despite strict trading restrictions”

Capesize rates rise on good shipping outlook

Capesize freight rates rose by year-end, due to better physical freight rates supported by firm iron ore prices. The Capesize 5 time charter average then hiked up by $940 day-on-day to $16,409 on Wednesday, amid good traded volume and strong index. The Baltic Dry Index (BDI) followed the upward market movement and rose slightly by …

Continue reading “Capesize rates rise on good shipping outlook”