Capesize paper market traded on narrow range as trade participants were concerned over several holidays in Far East in coming days. Thus, the Capesize 5 time charter average dropped by $150 day-on-day to $8,381 on Friday, as liquidity dried up ahead of the many holidays in Asia that limited shipping activities. Some Capesize demand had …
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Capesize under pressure from low physical fixtures
Capesize paper market continued the downside with lower physical fixtures in view of coming May Labour holidays across countries. Due to lack of physical trading, the Capesize 5 time charter average dropped by $89 to $8,292 on Monday. Thus, many trade participants were expecting a sluggish week ahead of the many holidays in coming days. …
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Capesize mutes ahead impending May holidays
Capesize paper market slid to downward trend on limited activities ahead of the May Labor holidays. Thus, the Capesize 5 time charter average went down by $120 to $8,172 with impending holidays in the Asia, such as China and Japan enjoying their Golden week holidays soon. Minning majors like Rio Tinto and FMG were still …
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