Category archives: Products

Capesize rates rebound on better Pacific market

Capesize freight rates rebounded from losses, on firmer rates from the Pacific, though the Atlantic rates were still struggling on thin cargo list. The Capesize 5 time charter average then went up by $332 day-on-day to $12,606 on Friday, amid the mixed market. The Baltic Dry Index (BDI) also hiked up slightly by 0.67% or …

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Morning Oil Report 7/12/20

Brent crude oil futures were down 20 cents, or 0.4%, at $49.05 a barrel by 0401 GMT, while West Texas Intermediate oil futures fell 20 cents, or 0.4%, to $46.06 a barrel. Both benchmarks gained for a fifth consecutive week last week. Oil seems to have stalled this morning as fresh lockdowns in the world’s largest …

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Iron Ore DCE May Daily Technical Review Dec 7th

Verdict – Short-term neutral, be aware of market reversal. DCE iron ore Jan contract correct from historical high after the spike on Friday night. However iron ore may entirely ignored the exchange inspection notice and stay similar level from Friday night closing. A breakthrough on 923.5, previous high, potentially push iron ore back to the …

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Daily Ferrous Physical Review Dec 7th

Ferrous Market –    Steelbank Inventory: construction steel inventories 3.33 million tonnes, down 8.18% w-o-w. HRC 1.34 million tonnes, down 7.79% w-o-w. –    A CISA official indicated iron ore spike has increased the industry risk and harm to the stabilisation on the ferrous chain, and suspect some market squeeze and manipulation. –    DCE started a new …

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