Tag archives: DF

Capesize rates rebound on better market sentiment

Capesize freight rates rebounded on improving trade sentiment that the market had bottomed out. The Capesize 5 time charter average then rose RMB 165 day-on-day to $15,715 on Monday, as paper market came under pressure at the start before firming later. The Baltic Dry Index (BDI) remained flattish and rose slightly by 0.08% or 1 …

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Capesize rates to bottom out from slump

Capesize freight rates dipped slightly on limited shipping activities and market expectation that it might bottom out after the recent slump.   Thus, the Capesize 5 time charter average then fell modestly by RMB 231 day-on-day to $15,550 on Friday, as the physical market seemed to find a floor, while the paper market braced for …

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Capesize rates fall on further market selloff

Capesize freight rates fell further on aggressive selloff in the market, due to softening paper and physical market. The Capesize 5 time charter average then dropped by $2,100 day-on-day to $15,781 on Thursday, after a bloodbath in the paper market. The Baltic Dry Index (BDI) also followed the downtrend and dropped by 6.29% or 87 …

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Capesize rates dip on selling pressures

Capesize freight rates dipped on selling pressure after the recent uptick in the physical market. Thus, the Capesize 5 time charter average fell by $725 day-on-day to $17,881 on Wednesday, after a fresh wave of selloff in the market. The Baltic Dry Index (BDI) went with the dip and dropped by 2.05% or 29 points …

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Ferts In Focus 28/10/20

*RCF drags tender to a close* RCF finally issued LOIs for its record 2.184mn tonne purchase of urea on Friday, after delaying twice during the week. As noted by Profercy, the tender also saw “the largest ever urea purchasing award to a single company, Ameropa, in India and worldwide, for 860,000mt”. Inclusive of RCF’s purchase, …

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Capesize rates rebound on better physical fixtures

Capesize freight rates rebounded on better fixtures in the physical market that supported an uptick in the paper market. The Capesize 5 time charter average then rose by $302 day-on-day to $18,606 on Tuesday, due to improving market sentiment on the physical market. The Baltic Dry Index (BDI) followed the minor uptick in Capesize and …

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FIS Weekly Ferrous Report: Iron ore continues bearish run

Macro and Money Movement. Financial markets remained conservative prior to the US election which both Europe and the US registered a second round of the pandemic. Many countries’ Covid-19 infections have created single day high. From China Exchange data, equity and industrial commodity sector markets showed a correction. The agricultural commodity sector was supported. China …

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Capesize rates reverse into losses over weak iron ore demand

Capesize freight rates dropped over market concerns over slowing iron ore demand and weakness in the paper and bunker markets. Thus, the Capesize 5 time charter average dipped by $445 day-on-day to $18,304 on Monday, following a selloff session. The Baltic Dry Index (BDI) followed the downtrend and dropped by 0.92% or 13 points day-on-day …

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