Daily DCE Review 24/5/21

Iron ore futures got off to a poor start of the week with softening rates due to lower steel prices and reduced margins. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 5.21% on-day or up RMB 58.50 to RMB 1,064/mt on Monday. The steel rebar contract on the Shanghai Futures …

Daily Capesize Review 21/0/5/21

Capesize freight rates inched up amid bullish sentiment in the paper market, though the physical market remained sluggish. The Capesize 5 time charter average then rose by $959 day-on-day to $32,593 on Friday, as the paper market extended its bullish run. The Baltic Dry Index (BDI) also went up slightly by 1.59% or 45 points …