Daily DCE Review 5/4/21

Iron ore futures were closed on China’s Ching Ming holidays, despite upticks in steel prices due to stringent inspection checks. During the market inactivity, Tangshan billet prices got much market attention, as it rose for a total of RMB 220 since the start of month to RMB 5,020/mt as of Apr 5. The price upticks …

Daily Capesize Review 2/4/21

Capesize freight rates are expected to rise in the second quarter of the year, in anticipation of strong iron ore exports from Australia and Brazil. After a strong Q1, shipping fundamentals remained robust with a relatively tight dry bulk supply amid plenty of commodity demand. The Baltic Dry Index (BDI), then rose by 1.27% or …