Category archives: News

Iron Ore: A strong start to the end

A total of 925,000 mt of iron ores was traded for the week ended Dec 4, down 32.5% week-on-week, as compared to 1.37 million mt of iron ore traded last week.   Apparently, most of the end-users had risen their restocking activities over the past week and the lower transaction volume implied their concerns over …

Continue reading “Iron Ore: A strong start to the end”

Morning Oil Report 4/12/20

Crude rallied 50 cent this morning after large buying action in the early morning pushing Brent up to the $49.73 level at 0800GMT.   OPEC+ production finally seems to have been settled in a compromised deal on cuts that will see a gradual and deliberate increase in oil production quotas going into 2021. Brent settled …

Continue reading “Morning Oil Report 4/12/20”

DCE rises toward the RMB 1,000/mt mark

Iron ore futures ended the week on record-breaking rally, which might challenge the RMB 1,000/mt mark at this bullish market momentum. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange surged by 4.24% or RMB 39.50 day-on-day to RMB 972/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, …

Continue reading “DCE rises toward the RMB 1,000/mt mark”

Capesize rates slip on mixed market

Capesize freight rates dipped slightly, amid mixed market movement with firmer rates seen in the Pacific, while falling rates recorded in the Atlantic. The Capesize 5 time charter average then went down slightly by $48 day-on-day to $12,274 on Thursday, from the mixed market directions. The Baltic Dry Index (BDI) also dropped slightly by 1% …

Continue reading “Capesize rates slip on mixed market”