Ferrous Trade Weekly Review 29/04/22

A total of 810,000 mt of iron ores was traded for the week ended Apr 29, as Chinese restocking activities came to close before the upcoming long holidays in China. There were also some market concerns over widening lockdown measures in China, though both major cities like Beijing and Shanghai experienced some stabilization over previous …

Daily Capesize Review 28/4/22

Capesize freight rates dipped on the slow physical market, while the market remained at steep contango with some expectation that it would turn positive again. The Capesize 5 time charter average, then dropped by $639 day-on-day to $17,821 on Thursday, despite some improvement in the Pacific market. The Baltic Dry Index (BDI) then fell by …