Category archives: News

Capesize rates move in mixed directions

Capesize freight rates dipped slightly on a mixed market with vessels oversupply in the Atlantic, while some improvement were seen in the Pacific basin. Thus, the Capesize 5 time charter average slipped slightly by RMB 253 day-on-day to $12,029 on Tuesday, after a late selling spree in the weak Atlantic fixtures. The Baltic Dry Index …

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DCE rises on steel rally

Iron ore futures rose higher on better steel prices, despite a choppy session as some market participants doubt whether the rally was sustainable. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then inched up by 1.48% or RMB 12.50 day-on-day to RMB 858/mt on Wednesday. The steel rebar contract on …

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European close

As expected, the iron ore market has traded up to new highs today with the DCE futures trading up to 861.5 and the Dec offshore trading to a high of USD 122.99. Iron ore is following the steel Rebar that continues to push higher on strong industrial and property data with output in October remaining …

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Oil Through the Looking Glass 17/11/20

*Equinor Sees Oil Demand Peaking Two-Three Years Sooner Due to Virus* Equinor sees global demand peaking at around 2027-2028, two years earlier than previously predicted because of the coronavirus pandemic sparking the interest in the roll-out of greener energies quicker than first through possible. 100 million barrels per day consumption – the levels seen before …

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