Daily DCE Review 2/2/21

Iron ore futures continued to slump further on Tuesday, following similar downward trend at the start of week, due to thin market activities. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), thus dropped by 5.61% day-on-day or RMB 55.50 to RMB 933.50/mt on Tuesday. The steel rebar contract on the Shanghai …

Daily Capesize Review 1/2/21

Capesize freight rates started the week sluggishly, due to thinner market activities and cyclone concerns. The Capesize 5 time charter average then slipped by $159 day-on-day to $15,516 on Monday, due to low trading volume and little buying interests. The Baltic Dry Index (BDI) dipped slightly by 0.55 % day-on-day or 8 points to 1,452 …