Dry Bulk and Oil Segments

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, fell on Friday to log its worst week since early-April, weighed down by lower rates for capesize and panamax vessels. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 62 points, or 3.5%, ...

Prices of Dalian iron ore futures rose on Friday, but held nearly flat for the week as investors weighed resilient demand for the steelmaking ingredient in top consumer China against a persistent slump in the country’s property market. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 0.93% higher ...

The Baltic Exchange’s dry bulk sea freight index, which tracks rates for vessels transporting dry commodities, fell for the third consecutive session to a one-week low on Thursday as rates declined across larger vessel segments. The main index, which monitors rates for capesize, panamax and supramax shipping vessels, was down 123 points, or 6.6%, at ...

China’s iron ore imports are on track in June for their strongest month this year, showing a resilience that isn’t being mirrored in the sluggish steel sector. China, which buys about 75% of global seaborne iron ore, is expected to import almost 110 million metric tons of the key steel raw material, according to commodity ...

Iron ore futures prices snapped a five-day losing streak on Thursday amid heightened steel production in top consumer China, though gains were partially offset as a protracted crisis in China’s property market continued to weigh on demand prospects. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) closed up 0.43% at 698 ...