Category archives: Products

Iron ore market starts well for the new year amid coronavirus concerns

A total of 2,020,000 mt of iron ores was traded for the week ended Jan 8, getting off for a good start of the new year in 2021. The first working week of 2021 also started with positive PMIs indicators in China, which set the pace for a bullish market, though there were some concerns …

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Capesize picks up on better demand and thinner tonnage

Capesize freight rates improved on better shipping demand in both the Pacific and Atlantic basins. The Capesize 5 time charter average then went up by $288 day-on-day to $17,598 on Thursday, due to the tighter Atlantic market. The Baltic Dry Index (BDI) also rose higher by 1.61% or 23 points to 1,448 readings, due to …

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