Daily Capesize Review 9/12/21

Capesize freight rates headed southward with losses in both basin as shipping demand cooled off during holiday season. The Capesize 5 time charter average, then decreased by $1,651 day-on-day to $41,379 on Thursday, as market activities slowed down toward year-end. The Baltic Dry Index (BDI) also dropped by $80, down 2.34% day-on-day, to $3,343, due …

Daily Virtual Steel Mill Report 10/12/21

Market Verdict on Iron Ore: ·           Neutral to bearish. Macro ·           U.S. previous week initial jobless claim reached 184,000, created the lowest since the year 1969. Estimated 220,000, last 222,000. ·            China central bank decided to increase foreign exchange deposit reserve rate from 7% to 9%, to hedge the appreciation risk of Chinese Yuan, CNH …