Capesize rates drop on low cargo list

Capesize freight rates dipped on mixed market sentiments, due to lower cargoes list in the physical market. The Capesize 5 time charter average then went down slightly by $98 day-on-day to $17,310 on Wednesday, from a subdued trading market. The Baltic Dry Index (BDI), however rose slightly by 0.49 % or 7 points to 1,425 …

DCE inches up amid market uncertainty

Iron ore futures rose slightly amid choppy trading session, due to market concerns over supply tightness and rising coronavirus cases. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) then rose by 0.29% on-day or RMB 3 to RMB 1,033/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange, however …