Category archives: Freight

European Close 3/11/20

Strong PMI figures in China have not filtered through to the DCE iron ore with price remaining below the RMB 806 level. A positive night session has seen the futures move RMB 8 higher, USD 1.18 for the Nov futures (+1.1%). Potentially this is nothing more than day traders positioning themselves for a potential change …

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Capesize rates rebound on better market sentiment

Capesize freight rates rebounded on improving trade sentiment that the market had bottomed out. The Capesize 5 time charter average then rose RMB 165 day-on-day to $15,715 on Monday, as paper market came under pressure at the start before firming later. The Baltic Dry Index (BDI) remained flattish and rose slightly by 0.08% or 1 …

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Capesize rates to bottom out from slump

Capesize freight rates dipped slightly on limited shipping activities and market expectation that it might bottom out after the recent slump.   Thus, the Capesize 5 time charter average then fell modestly by RMB 231 day-on-day to $15,550 on Friday, as the physical market seemed to find a floor, while the paper market braced for …

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