Daily DCE Review 23/2/21

Iron ore futures opened high in the morning session, only to fall later at the afternoon session, due to steel output restriction in Tangshan. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then fell by 2.94% day-on-day or RMB 33.50 to RMB 1,107/mt on Tuesday. The steel rebar contract on the …

Daily Capesize Review 22/2/21

Capesize freight rates moved downward on slow trading after last week rally, amid market optimism on better post-holidays demand. The Capesize 5 time charter average then dropped by $351 day-on-day to $13,873 on Monday, after a sluggish start to the week. The Baltic Dry Index (BDI) went up slightly with a gain of 0.65% or …