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, …

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 …