Capesize paper market traded on narrow range as trade participants were concerned over several holidays in Far East in coming days.
Capesize paper market contracted upon falling bunker prices and bearish market sentiments over shipping market.
Capesize paper market went downhill on lower trading activities over bearish market outlook and falling crude prices.
Capesize paper market have regained the $10,000 mark once again, thanks to much buying enthusiasm in the Pacific basin.
Capesize paper market traded on high with firm support from the Atlantic market.
Capesize paper market traded on a tight range and managed to make some significant gains.
Trade participants were expecting a slow and quiet Capesize market ahead of the Ching Ming holiday period in China.
Capesize paper market spiked up on better vessels fixtures as miners scrambled to seek for shipments to move iron ore cargoes.
Capesize paper market inched up on better positive news with talks of opening for South African port of Richards Bay Coal Terminal (RBCT) and Saldanha bay.
Capesize market softened on bearish sentiment among economic uncertainty sowed by COVID-19 pandemic.