Category archives: News

Ferts in Focus 27/1/21

*AG Urea’s time in the spotlight* Talk of an Indian urea tender being announced as early as next week, has brought even more of a buzz over already heated urea markets this past week. As a result and true to form, it was AG urea’s turn to surge in values. Physical trading occurred at $332/mt …

Continue reading “Ferts in Focus 27/1/21”

Daily DCE Review 27/1/21

Iron ore futures moved flattish after a recent market selloff, due to market concerns over slow restocking activities and thin steel margins. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped by 0.24% day-on-day or RMB 2.50 to RMB 1,041.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange …

Continue reading “Daily DCE Review 27/1/21”

Daily Capesize Review 26/1/21

Capesize freight rates extended losses from weak physical fundamentals that resulted a selloff in the paper market. The Capesize 5 time charter average then plunged further by $2,657 day-on-day to $20,709 on Tuesday, following the weak physical market. The Baltic Dry Index (BDI) then headed south on weakening freight rates and fell by 6.01 % …

Continue reading “Daily Capesize Review 26/1/21”