Category archives: Freight

Iron Ore Offshore Nov 20 Morning Technical Comment – 240 Min Chart (rolling contract) 18/1/21

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Daily Capesize Review 15/1/21

Capesize freight rates softened by mid-January, despite having the strongest opening at the start of the year as opposed to historical norm of weak seasonality. The Capesize 5 time charter average then dropped for the third consecutive days by $990 day-on-day to $23,989 on Friday, despite some decent gains made in the prompt contracts. The …

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Ferrous Daily Physical Review 18/1/21

Ferrous Market –    China National Bureau of Statistics: China 2020 crude steel production 1.05 billion tonnes, up 5.2% y-o-y. Pig iron production 887.52 million tonnes, up 4.3% y-o-y. Steel production 1.32 billion tonnes, up 7.7% y-o-y. –    A fire that broke out early Thursday at one of Vale’s ship loaders in northern Brazil was contained …

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