DCE stays above $1,000/mt on good restocking activities

Iron ore futures continued to hover above the $1,000/mt mark, following a rally in the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) went up further by 2.60% day-on-day or RMB 26 to RMB 1,026.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange, followed the rally …

Capesize rates rise despite mixed market outlook

Capesize freight rates hiked up, despite mixed market outlook with an improving Atlantic market, while limited shipping activities were observed in the Pacific. The Capesize 5 time charter average then went up by $698 day-on-day to $13,826 on Wednesday, as the physical continued to show further gains, though it was expected to slow toward year-end …