The Brent crude futures for September fell 24 cents, or 0.6%, to $41.61 a barrel by 0610 GMT, paring Monday’s 92 cent gain. The August contract, which expires on Tuesday, fell 24 cents to $41.47. U.S. crude was down 33 cents, or 0.8% at $39.37 a barrel. A Reuters poll showed analysts expect U.S. crude …
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DCE flattens for second day amid slow season
Chinese futures fell for the second consecutive day due to market concerns over lower steel demand the rainy season. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, went down slightly by RMB 3.50 or 0.47% day-on-day at RMB 744.50 per tonne on Tuesday. The steel rebar contract on …
Continue reading “DCE flattens for second day amid slow season”
FIS LONDON COKING COAL MARKET REPORT
Iron Ore Market Daily Report
Fuel Oil Daily Evening Report
Supramax & Handysize FFA Daily Report
Capesize & Panamax FFA Daily Report
Capesize gains despite China’s holidays
Capesize rates saw little gains as Chinese trade participants were away on holidays, leaving the market with thin activities. Despite the muted activities, the Capesize 5 time charter average still managed to rise by $246 day-on-day to $29,641 on Friday. The Baltic Dry Index (BDI) kept its upward momentum to 1,749 points on Jun 26, …
