FIS API Blog
Capesize rates continued the bullish run over Brazilian supply concerns, while high construction activities in China support iron ore demand. As such, the Capesize 5 time charter average jumped by $438 day-on-day to $7,745 on Monday, after more European players entered the market and pushed up rates. The Baltic Dry Index (BDI) followed the rally …
Continue reading “Capesize rides along with the iron ore bull run”
Consensus The consensus in the financial sector is that iron ore prices are looking overstretched. Almost daily we hear that supply will increase and demand will decrease in the second half of the year. If this is the case, then surely with over 100 million tons of inventory the upside is not limited, it is …
Capesize rates buoyed on good physical fixture with healthy shipping demand out of both basins. Thus, the Capesize 5 time charter average spiked sharply by $1,130 day-on-day to $7,307 on Friday, after a solid gain that lifted the curve to weeks highs. Following the Capesize rally, the Baltic Dry Index (BDI) also surged further to …
Continue reading “Capesize rates continue the good run on firmer iron ore demand”
Iron ore futures in Singapore recovered from yesterday’s blip and is set to finish the week on a high. The iron ore market has seen great volatility of late, pushing towards $100 on supply concerns following disruptions in Brazil as well as strong demand from China. Global steel demand is expected to fall …
Continue reading “Iron ore blips back but rally ‘looks stretched’”
Capesize market kept up the upward momentum with better shipping demand in both basins with higher iron ore prices. Thus, the Capesize 5 time charter average rose by $910 day-on-day to $6,177 on Thursday, after a strong afternoon session that pushed paper market to a day high. Likewise, the Baltic Dry Index (BDI) also managed …
Iron ore futures slumped on Thursday following some profit-taking activities as market participants turned cautious. The iron ore market has seen great volatility, pushing towards $100 on supply concerns following disruptions in Brazil as well as strong demand from China. The Dalian Exchange issued a notice earlier this week, urging member brokerages to …
Continue reading “Iron ore futures fall as players take profits”
Capesize market spiked further upward due to improving shipping fundamentals and higher iron ore demand. Due to the good physical market, the Capesize 5 time charter average rose by $1,054 day-on-day to $5,247 on Wednesday. In view of the strong Capesize market, the Baltic Dry Index (BDI) reached to a three-week high to 592 ratings, …
Continue reading “Capesize rates strengthen by better iron ore demand”
