Daily Capesize Review 19/7/21

Capesize freight rates rebounded from losses amid a short week with holiday in Singapore and market concerns over cyclone development off China. The Capesize 5 time charter average, then rose by $597 day-on-day to $29,139 on Monday, after some improvement in the physical market. The Baltic Dry Index (BDI) then increased by 0.66% day-on-day, up …

FIS Singapore Iron Ore Derivatives Report 19/07/21

Market Commentary Iron ore futures were under pressure on Monday as China’s green push casts doubt on China’s steel demand outlook. China’s efforts to curb steel-related emissions through output cuts this year have so far failed to clamp down on surging iron ore prices, but the Chinese authorities aren’t giving up yet, signalling that they …