Category archives: News

Morning Oil Report 18/12/20

U.S. West Texas Intermediate (WTI) crude futures slipped 17 cents or 0.4%, to $48.19 a barrel at 0513 GMT, while Brent crude futures fell 26 cents, or 0.5%, to $51.24 a barrel. The price of oil trades to a fresh monthly high ($48.80) as fresh data prints coming out of the US instill an improved …

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DCE ends the week high above the 1,000/mt mark

Iron ore futures ended the week on record-breaking rally, due to good steel demand, supply concerns and speculative trading. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) maintained above the $1,000/mt mark, after booking a gain of 6.23% day-on-day or RMB 63 to RMB 1,073.50/mt on Friday. Similarly, the steel rebar …

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Capesize rates march on with firmer Atlantic market

Capesize freight rates continued its upward momentum on improving shipping demand in the physical market, especially in the Atlantic market. The Capesize 5 time charter average then went up by $317 day-on-day to $14,143 on Thursday, buoyed by market talks of miners seeking for tonnage bullishly in near term. The Baltic Dry Index (BDI) also …

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