Category archives: News

Capesize rates recover on improving demand despite cyclone concerns

Capesize freight rates rose on better fixtures done on both basins, that lifted the recent bearish market sentiments. Thus, the Capesize 5 time charter average then hiked up by $656 day-on-day to $10,951 on Thursday, amid the recent volatility in the market. The Baltic Dry Index (BDI) also went up by 3.48% or 39 points …

Continue reading “Capesize rates recover on improving demand despite cyclone concerns”

DCE rallies on high capital injections

Iron ore futures continued to chase toward the RMB 1,000/mt mark, on good steel demand and expectation of recovering economies from the pandemic. Thus, the most-traded iron ore for May 2021 delivery on China’s Dalian Commodity Exchange (DCE) rose by 6.76% day-on-day or RMB 61.50 to 971/mt on Thursday. The steel rebar contract on the …

Continue reading “DCE rallies on high capital injections”