Category archives: News

Ferrous Trade Weekly Review 5/2/21

A total of 1,340,000 mt of iron ores was traded for the week ended Feb 5, down 22% as compared to previous week. During the week, most end-users were heard to complete their restocking activities, though the demand for post-Lunar New Year holiday remained high, as market participants expected the Beijing policymakers to introduce some …

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Daily DCE Review 5/2/21

Iron ore futures continued to rally on market anticipation of better post-Lunar New Year demand that bounced futures contract to the RMB 1,000/mt mark. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then hiked up by 4.20% day-on-day or RMB 40.50 to RMB 1,004.50/mt on Friday. The steel rebar contract on …

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Daily Capesize Review 4/2/21

Capesize freight rates dipped slightly as the index flattened after much improvement with support from the rising bunker prices. The Capesize 5 time charter average then dropped slightly by $30 day-on-day to $12,772 on Thursday, after much improvement seen in the February contracts. The Baltic Dry Index (BDI) then remained flat at 1,327 readings after …

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