Category archives: News

DCE rebounds despite strict trading restrictions

Iron ore futures rebounded over buoyant market outlook, despite DCE’s tightening of trading limits. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) rose slightly by 0.93% or RMB 9.50 to RMB 1,036/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange however, dropped by 0.39% or RMB 17 day-on-day …

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Capesize rates rise on good shipping outlook

Capesize freight rates rose by year-end, due to better physical freight rates supported by firm iron ore prices. The Capesize 5 time charter average then hiked up by $940 day-on-day to $16,409 on Wednesday, amid good traded volume and strong index. The Baltic Dry Index (BDI) followed the upward market movement and rose slightly by …

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DCE corrects from trading limits

Iron ore futures continued to correct after another choppy session, as market participants felt the effect of trading limits imposed by the exchange. Thus, the most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) went down by 5.78% or RMB 62.50 to RMB 1,027/mt on Wednesday. The steel rebar contract on the Shanghai …

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Capesize rates benefit from better Pacific market

Capesize freight rates inched up despite muted shipping activities, except for key shipping routes of the west Australia and Brazil to China. The Capesize 5 time charter average then hiked up by $384 day-on-day to $15,469 on Tuesday, after a quiet start to the week with small trading volume in between. The Baltic Dry Index …

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