London Iron Ore Market Report 7/10/20

Please click below to view the report           For more information please contact         FIS       info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): …

London Iron Ore Market Report 5/10/20

Please click below to view the report           For more information please contact         FIS       info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): …

Capesize sets for another yearly high level

Capesize freight rates hiked up on bullish shipping outlook with firm supports to set for another high rate for the year. The Capesize 5 time charter average hiked up by $3,734 day-on-day to $33,066 on Friday, despite the absence of Chinese participants due to holidays. The Baltic Dry Index (BDI) then went above the 2,000 …

Lower iron ore trade volumes amid Golden week holidays

A total of 1.38 million mt of iron ores was traded for the week ended Oct 2, down almost 27% week-on-week as compared to the 1.89 million mt recorded last week. The decline in trading volumes was due to the shorter trading week as the Chinese participants were absence in the market for the Golden …

Australia infections and Brazil production see iron ore surge

Iron ore futures surged above $121 on Wednesday on mounting supply concerns.   Australian defence personnel are being deployed to Port Hedland to help contain the coronavirus outbreak after 17 of the 21 crew members of a cargo ship were tested positive, reigniting concerns over supply disruptions.   Furthermore, exports from Brazil declined in the …