Category archives: News

DCE rises on good economic indicators

Iron ore futures ended the day session higher, supported by the better steel margins and positive economic data from China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose further by 1.11% or RMB 10 day-on-day to RMB 911.50/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange, …

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Capesize rates continue to improve on firmer market

Capesize freight rates maintained upward climb, due to the improving physical market and higher bunker prices. The Capesize 5 time charter average then went up by $198 day-on-day to $12,712 on Friday, due to market optimism on December shipping demand. The Baltic Dry Index (BDI) followed the better freight rates and booked a gain of …

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European Close 27-11-20

Iron ore continues to hold near its highs on the bullish sentiment from BHP earlier in the week. DCE futures produced a Doji star on the daily chart, signaling indecision is creeping into the market, warning that buyers and sellers are in balance.     Capesize futures closed the week lower after giving up Wednesday …

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