Category archives: News

Chinese construction activities catch up before winter

A total of 1.15 million mt of iron ores was traded for the week ended Nov 6, up 12.75% week-on-week as compared to the 1.02 million mt recorded last week. There were some catch-up operations among the Chinese construction firms right before the winter season, which resulted in more procurement. BRBF toppled PBF as the …

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Capesize rates fall on slow shipping activities

Capesize freight rates dropped on thin market activities amid bearish market sentiment in shipping demand. The Capesize 5 time charter average fell by RMB 514 day-on-day to $14,177 on Thursday, as low Atlantic fixtures weighted on prompt paper market. The Baltic Dry Index (BDI) then slipped by 2.45% or 30 points to 1,194 readings, due …

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