Tag archives: CS

Capesize rates correct on muted market activity

Capesize rates dropped on limited market activity as some trade participants were away due to public holiday in Singapore. The Capesize 5 time charter average dipped by $437 day-on-day to $27,644 on Friday, as the paper market was muted and rangebound due to the Singapore holiday. Due to the quiet market, the Baltic Dry Index …

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Capesize rates under correction after extended losses

Capesize rates came under pressure and took a correction with losses on both the Pacific and Atlantic basins. The Capesize 5 time charter average dropped by massive $3,301 day-on-day to $29,610 on Wednesday, with a large chunk of the recent gains wiped out in a single session. Following the plunge, the Baltic Dry Index (BDI) …

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Capesize rallies further on tighter tonnage

Capesize rates rallied further without any signs of slowdown as the rates chased for new height for the year. Thus, the Capesize 5 time charter average surged by $1,078 day-on-day to $33,760 on Monday, with the curve trending up to highs for July, August, Sept and Q3 contracts. Following the Capesize rally, the Baltic Dry …

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FIS Weekly Ferrous Report – profit takers loom as iron ore holds at high level

Ferrous Sector Money Flow: DCE iron ore saw significant money flow in the market and rebounded after a few weeks of consolidation. However during the Asian morning Tuesday iron ore stuck in an RMB 5-7 range again. DCE iron ore index created a gold cross on Monday near-oversold area. The high of the September contract …

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