Category archives: News

DCE rallies on high capital injections

Iron ore futures continued to chase toward the RMB 1,000/mt mark, on good steel demand and expectation of recovering economies from the pandemic. Thus, the most-traded iron ore for May 2021 delivery on China’s Dalian Commodity Exchange (DCE) rose by 6.76% day-on-day or RMB 61.50 to 971/mt on Thursday. The steel rebar contract on the …

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Morning Oil Report 10/12/20

U.S. West Texas Intermediate (WTI) crude futures rose 25 cents, or 0.6%, to $45.77 a barrel at 0500 GMT, while Brent crude futures climbed 22 cents, or 0.5%, to $49.08 a barrel but eased a touch as liquidity came into the market up to 0730GMT, from then on, brent pushed to highs of $49.33 at …

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Capesize rates head south on scant shipping demand

Capesize freight rates headed south due to weakening physical market in both basins. The Capesize 5 time charter average then went down by $312 day-on-day to $10,295 on Wednesday. The Baltic Dry Index (BDI) however, went up slightly by 0.09% or 1 points to 1,122 readings, due to robustness in the Panamaxes’ physical and futures …

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