Capesize market drew support from more Brazilian and South African cargoes as miners tried to make up for the slow exports during the Q1 2020.
Chinese futures gained on Wednesday on better buying activities as the Chinese participants were more active in the market after long holidays.
Supramax April 20 Morning Technical Comment – 240 Min
Panamax May 20 Morning Technical Comment – 240 Min
Capesize May 20 Morning Technical Comment – 240 Min
Capesize paper market slid on market volatility as trade participants were concerned the unfolding economic impact brought by the pandemic.
Capesize paper market ended the week on the positive note amid weak physical market and falling bunker prices.
Capesize paper market had inched up over the past days, despite limited physical trading activity and lower freight rates.