Category archives: Products

Capesize rates rebound on improving Atlantic market

Capesize freight rates rebounded on improved rates, despite some port closures in China due to bad weather and shipping accident. The Capesize 5 time charter average then went up by $393 day-on-day to $12,282 on Tuesday, after some market talks of raising coal quotas for Chinese importers. Thus, the Baltic Dry Index (BDI) moved up …

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Oil Through the Looking Glass 14/12/20

*Singapore Bunker Demand Heads Back Towards 50 Million MT/Year Bunker demand in Singapore may jump to 50 million metric tons for the first time in three years after a 4.6% jump in sales in November from a year earlier and 2.8% increase from October’s figures. Prices for the VLSFO roofed as companies were looking to …

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DCE starts the week on slower pace

Iron ore futures closed lower at the start of the week, after a high opening but only to slid at the afternoon trading session later. The most-traded iron on China’s Dalian Commodity Exchange (DCE) then dropped by 3.21% day-on-day or RMB 32 to 966/mt on Monday, dipping after record-high rally last week. The steel rebar …

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