Daily DCE Review 17/12/21

Iron ore futures ended the week on surplus, with market optimism over better steel demand in the new year with improving margins. The futures of Dalian Commodity Exchange (DCE) for January delivery then jumped by 1.88% day-on-day or up RMB 12.50 to RMB 676.50/mt, during the day trading session on Friday. The rebar futures also …

Daily Capesize Review 16/12/21

Capesize freight rates softened on limited shipping activities, as holidays season approached that slowed trading in the market. The Capesize 5 time charter average, then slumped down by $3,134 day-on-day to $24,003 on Thursday, after sustaining further losses in the paper market. The Baltic Dry Index (BDI) also dropped by $167, down 6.27% day-on-day, to …