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Category archives: News
Another short trading week for Capesize
It was another short trading week for the Capesize market in view of the South Korean public holidays. Thus, the Capesize 5 time charter average slipped down slightly by $16 day-on-day to $19,900 on Monday, as the paper traded at very narrow range with thin volumes. Despite the flattish Capesize market, the Baltic Dry Index …
DCE rallies higher on tight supply and monetary policy
DCE rallies higher on tight supply and monetary policy Iron ore futures closed higher upon better buying interest amid supply tightness of medium grade ores among dockside stocks. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange continued to rally higher by 3.48% or RMB 29 day-on-day to RMB 863 per …
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Morning Oil Report 18/8/20
Good morning all. Brent futures were down 22 cents, or 0.5%, at $45.15 a barrel by 3:22 am GMT, while WTI was down 23 cents, or 0.5%, at $42.66 a barrel. Oil prices moved higher overnight on strong support from ramped-up China crude purchases, a faster-than-expected US economic recovery and liquidity injections from China’s …
London Iron Ore Market Report
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Supramax & Handysize FFA Daily Report
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Capesize & Panamax FFA Daily Report
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Evening Oil Report 17/8/20
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Oil Through the Looking Glass 17/8/20
*US – China Trade Deal Review Postponed There is no new date for the commencement of the discussions between China and the United States over their trade disagreements after the review of phase one was put on hold. This delay will allow China to purchase more US exports before they conduct their review of the …
Capesize trades lower on market inactivity
Capesize rates ended lower in the short trading week due to public holidays in Singapore and in Greece. Most of the market participants were waiting for clearer market direction amid the mixed market outlook and thin liquidity. Nevertheless, the Baltic Dry Index (BDI) continued its upward movement with small gains of 1.14% or 18 points …
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