Daily Capesize Review 29/7/21

Capesize freight rates rebounded due to more market activities with fresh shipping demand on key trading routes. The Capesize 5 time charter average, then rose by $1,783 day-on-day to $33,639 on Thursday, supported by better physical market. The Baltic Dry Index (BDI) also went up by 1.90% day-on-day, or 60 points to 3,214 readings, due …

Daily Capesize Review 28/7/21

Capesize freight rates moved flatly with some improvement in the physical market, which led some trade participants to believe that the market had found the bottom. The Capesize 5 time charter average, then dipped slightly by $24 day-on-day to $31,856 on Wednesday, despite increase of shipping activities in the physical market. The Baltic Dry Index …

FIS Singapore Iron Ore Derivatives Report 28/07/2021

Market Commentary Iron ore prices were boosted by rising steel prices and robust steel margin. Steel margin have been hovering between 1250 yuan and 1300 yuan this week. The historical high was seen in last May at $1450. Furthermore, the International Monetary Fund maintained its forecast of global economic expansion at 6% this year, the …