Category archives: News

DCE closes lower on high port inventory

Iron ore futures slumped throughout the session and closed lower due to high iron ore port inventory and output restriction in Tangshan. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange nosedived since market opening by 3.14% day-on-day to RMB 771.50 per mt on Friday. The steel rebar contract on …

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Capesize rates hike up on better shipping fundamentals

Capesize freight rates rebounded from the slump on bullish sentiments with a wave of buying activities for November contracts. The Capesize 5 time charter average rose by $1,386 day-on-day to $17,151 on Thursday, thanks to flurry of purchases in the earlier session, then followed by selling pressures from some profit-takers near the closing session. The …

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