Tag archives: DF

Capesize rates dip on thin activity

Capesize freight rates reversed into drop on thin shipping activities, amid some improvement in the physical market. The Capesize 5 time charter average went down slightly by $91 day-on-day to $12,621 on Monday, after a slow start to the week. The Baltic Dry Index (BDI) then dropped by 0.24% or 3 points to 1,227 readings, due to weaker …

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European Close 30/11/20

Indecision is creeping into the DCE iron ore futures. A Doji star followed by a spinning top is warning that upside moves could fail to hold at these levels. The intraday futures produced a negative divergence on the close of the 31st, resulting in the evening session trading 13 RMB lower. Rebar futures remain corrective; …

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Capesize rates continue to improve on firmer market

Capesize freight rates maintained upward climb, due to the improving physical market and higher bunker prices. The Capesize 5 time charter average then went up by $198 day-on-day to $12,712 on Friday, due to market optimism on December shipping demand. The Baltic Dry Index (BDI) followed the better freight rates and booked a gain of …

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European Close 27-11-20

Iron ore continues to hold near its highs on the bullish sentiment from BHP earlier in the week. DCE futures produced a Doji star on the daily chart, signaling indecision is creeping into the market, warning that buyers and sellers are in balance.     Capesize futures closed the week lower after giving up Wednesday …

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Capesize rates continue uptrend momentum on better market

Capesize freight rates continued its upward momentum, due to the improving physical market. The Capesize 5 time charter average went up by $328 day-on-day to $12,514 on Thursday, due to better freight rates. The Baltic Dry Index (BDI) followed the uptrend and booked a gain of 1.84% or 22 points to 1,219 readings.   More …

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European Close 26/11/20

BHP today reinforced expectations that the current strength in steel demand will extend into 2021. Earlier in the week it was a roundtable with Morgan Stanley and now UBS (Bloomberg). The reiterating of the message seems to be sinking in, with the December contract trading up to a new high of USD 127.64, whilst the …

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Capesize rates move higher on firm Pacific market

Capesize freight rates rose higher after a flurry of fixtures were being done in the Pacific market, lifting market sentiment after previous correction. The Capesize 5 time charter average then inched up by $190 day-on-day to $12,186 on Wednesday, due to significant gains at the physical market. The Baltic Dry Index (BDI) followed the rally …

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