Capesize paper market traded on narrow range as trade participants were concerned over several holidays in Far East in coming days.
Capesize paper market continued to run out of the steam and fell for the third consecutive day amid bearish market sentiments.
Capesize paper market rallied on decent shipping demand after being well supported by both the Pacific and Atlantic basins.
Capesize paper market traded on high with firm support from the Atlantic market.
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.
Capesize paper market ended the week on the positive note amid weak physical market and falling bunker prices.
Capesize market continued its upward momentum on the expected stimulus support for the global economy.
Chinese futures dipped slightly, drawing supports from supply tightness from suppliers of Australia and Brazil.
Capesize market gained amid low shipping activity with some improvement seen in the Pacific market.