Category archives: Freight

DCE rebounds on Chinese fiscal stimulus

Iron ore futures opened low and closed on high on Tuesday, following market optimism on China’s demand despite rising supply from miners. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange rebounded from yesterday losses and gained by 2.75% or RMB 22.50 day-on-day to RMB 841 a tonne on July 21. Joining …

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Capesize rebounds upon market optimism

Capesize rates ended its losing streaks and booked slight gains with improvement of shipping demands in both basins. The Capesize 5 time charter average went up $252 day-on-day to $24,639 on Thursday, as the Australian miners returned to the spot market. Given the Capesize uptick, the Baltic Dry Index (BDI) inched up slightly by 0.18% …

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Ship Shape – FIS Commodity Weekly 17/07/20

A V-Shaped Recovery We have noted for several weeks now that there are more and more examples of countries or sectors returning to work. GDP figures show China has returned to growth, with many other countries reversing the dramatic trend that befell their Q1 economic data. It is, so far, a V-shaped rebound that has …

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