Category archives: News

Crash, Bang, Recovery

It was never going to be easy recovering from the largest economic shock the world has ever encountered. After record drop in consumer spending, GDP, travel and so many other indicators, it is hard to quite fathom the scale of the disruption, or the mountain left the climb to bring things back to normal.   …

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Capesize rates under correction after extended losses

Capesize rates came under pressure and took a correction with losses on both the Pacific and Atlantic basins. The Capesize 5 time charter average dropped by massive $3,301 day-on-day to $29,610 on Wednesday, with a large chunk of the recent gains wiped out in a single session. Following the plunge, the Baltic Dry Index (BDI) …

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Oil Through the Looking Glass 9/7/20

*Oil Balanced on Competing News* The US increase in virus cases is causing concerns for the recovery of demand for oil and more generally of attempts to return life around the globe to normal. The second wave of virus cases has put in doubt plans by many states to further relax lockdown measures, delaying further a …

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DCE hits almost one year high on better market outlook

Chinese futures rallied throughout the week and reached almost a one-year high, upon market optimism. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, rose by RMB 8 or 1.02% day-on-day to RMB 789 per tonne, a 11-month high on Thursday. Likewise, the steel rebar contract on the Shanghai …

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