Category archives: Products

DCE rebounds over tight supply

Iron ore futures inched up at the closing of the afternoon session over supply tightness of mid-grade ores among portside stocks. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange rose by 2.31% or RMB 19 day-on-day to RMB 841.50 per tonne on Wednesday. Then, the steel rebar contract on the …

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Oil Through the Looking Glass 28/7/20

*Brace for the Second Wave As the British Prime Minister, Boris Johnson, warns the country to start to prepare for a second wave of the virus after implementing quarantine measures on visitors from mainland Spain, so too the oil industry is warning of yet more disruption to come. Top US and European oil companies are …

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Capesize rates correct further on bearish outlook

Capesize rates resumed its correction phrases for the short week with Singapore on public holiday at Friday. The Capesize 5 time charter average then dropped further by $270 day-on-day to $17,014 on Monday, after a sluggish start of the short trading week. Likewise, the Baltic Dry Index (BDI) slipped 1.82% day-on-day to 1,293 readings on …

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