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BDI stays above 2,000 points
Baltic Dry Index (BDI) managed to maintain above the 2,000 points during the week, despite thin shipping activity.
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DCE falls under RMB 600/mt
DCE came under the RMB 600 a tonne level on Wednesday on bearish market sentiments.
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Downhill for DCE on higher shipments
DCE went downhill on Tuesday, due to easing of supply from higher shipments.
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Hong Kong disruption – a blessing in disguise for air cargo?
Perhaps a blessing in disguise, disruption has come at the low point of the air freight low season with the swell of freighter capacity providing adequate lift to cover any backlog.
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PBOC’s lower rates fail to impress DCE
DCE fell slightly by 0.96% on-day to RMB 617 a tonne on Monday, after experiencing some support in the morning session before a selloff at the afternoon.
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OPEC turns into the anti-TripAdvisor
We got a real nugget of top notch analysis on this point. It was only a very short sentence but sums up so much about this market.
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Vale’s supply woes drive up DCE again
Supply concerns over Vale’s mining plant had pushed iron ore future upward on Friday, as the DCE posted a slight gain to end the week.
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Freight market rebound after long holidays
The freight market rebounded on higher iron ore prices and recovered from the long holidays in Singapore and devastating typhoon off China’s coast.
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Welcome back, Singapore, you missed nothing
Welcome back to Singapore and all those who have also adhered to the Singaporean holiday regime, We hope you had a good day off. If you have been off, we can reliably inform you that you have missed absolutely nothing.
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FIS Iron Ore and Steel Market Update
MySteel Iron Ore Delivery Aug 5- 11th: Australia and Brazil delivered 23.84 million tonnes of iron ore, up 668,000 tonnes w-o-w. Australia delivery to China up 169,000 tonnes. Rio delivery to China up 389.000 tonnes, BHP delivery to China up 517,000 tonnes. FMG delivery to China down 47,900 tonnes. Brazil delivery to China 7.22 million tonnes,…
