Daily DCE Review 28/04/22

Iron ore futures extended bullish run and closed the session on gains, after stabilization of Covid cases in major cities like Shanghai and Beijing suggested some easing of pandemic restrictions. The futures of Dalian Commodity Exchange (DCE) for May delivery rose by 3.53% day-on-day or up RMB 29 to RMB 851.50/mt, during the day trading …

Daily Capesize Review 27/4/22

Capesize freight rates rose on better shipping activities, as trade participants tried to fix vessels before the upcoming holidays in early May. The Capesize 5 time charter average, then rose by $469 day-on-day to $18,460 on Wednesday, as the Pacific market showed further signs of improvement. The Baltic Dry Index (BDI) also hiked by $21 …