Category archives: News

DCE moves flattish amid mixed outlook

Iron ore futures opened high before losing the upward momentum toward closing and resulted in flattish movement. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange inched up by 0.44% day-on-day to RMB 793.50 per mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange was almost flat and …

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Capesize rates rebound on improving sentiment

Capesize freight rates flattened out and rebounded from previous slump with much improvement in the paper and physical markets. The Capesize 5 time charter average rebounded slightly by $30 day-on-day to $17,151 on Wednesday, due to plenty of buying interests that pushed up rates. The Baltic Dry Index (BDI) then was almost flattish and dipped …

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Morning Oil Report 22/10/20

Brent crude futures retreated 22 cents, or 0.5%, to $41.51 a barrel at 0328 GMT after sliding 3.3% on Wednesday. WTI crude futures fell 26 cents, or 0.7%, to $39.77 a barrel, after dropping 4% on Wednesday. The falling prices could be attributed to the worse than expected data from the EIA on Wednesday, with …

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European Close 21-20-20

Iron ore flows are strong, suggesting we are looking at an upside countertrend move, unless we see more construction projects announced in China or a stimulus deal agreed in the U.S.     We noted that after the last podium performance with Trump and Biden this seemed unlikely. Today Nancy Pelosi announced she was hopeful …

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