Daily DCE Review 10/2/21

Iron ore futures rose on market expectation of better steel demand for post-Lunar New Year period. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then surged up by 2.39% day-on-day or RMB 25 to RMB 1,071.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange also increased slightly by …

Daily Capesize Review 9/2/21

Capesize freight rates spiraled down on thin market activities as holidays season approached for Chinese trade participants. The Capesize 5 time charter average then dipped by $698 day-on-day to $11,359 on Tuesday, after trading at a tight range. The Baltic Dry Index (BDI) also dropped by 0.84% or 11 points to 1,306 readings, despite some …