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2024-01-15 11:03 | Report Abuse
What is brewing?
Going to have announcement surprising everyone?
2022-01-13 23:26 | Report Abuse
The Baltic Exchange Dry Index slipped by 7.6% to 1,873 on Thursday, its lowest since early March 2021, extending losses for a fifth straight session, amid weaker seasonal demand across all vessel segments. "The New Year starts with some degree of uncertainty, not only related to the Indonesian coal export ban but also concerning the impacts of the heavy rains in Brazil," shipbroker Fearnleys said. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, plunged 16.7% to 1,746, its biggest daily decline in four weeks; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, fell 4.4% to its lowest since December 22 at 2,452. Among smaller vessels, the supramax index decreased 21 points to its lowest level since April at 1,915. source: Baltic Exchange
2021-11-30 10:16 | Report Abuse
I always get the latest Baltic figures here after 9:00pm
http://en.stockq.org/market/global.php
2021-11-22 22:42 | Report Abuse
The Baltic Exchange Dry Index rose 3.6% to 2,645 on Monday, its highest since November 15th and extending gains to a third straight session, supported by the larger capesize and panamax vessel segments. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, jumped 7.6% to its highest in three weeks at 3,884, amid rising iron ore prices; and the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, increased 0.4% to 2,291, snapping an eight-session long losing streak. Among smaller vessel segments, the supramax index shed 2 points to a six-month trough at 2,235. source: Baltic Exchange
2021-11-19 23:54 | Report Abuse
19-11-2021
The Baltic Exchange Dry Index rose 4% to 2,552 on Friday, extending gains to a second straight session, as a rebound in iron ore prices lifted the capesize vessel segment. The capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, jumped 10.7% to 3,610. Meanwhile, the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, fell 2.3% to a seven-month trough at 2,282. Among smaller vessel segments, the supramax index shed 11 points, or 0.5%, to its lowest level in six months at 2,237. The Baltic Dry Index lost 9.1% in the third week of November, its fifth weekly decline in six. source: Baltic Exchange
2021-11-19 21:27 | Report Abuse
The Baltic Exchange Dry Index rose 1% to 2,454 on Thursday, after five consecutive sessions of losses, as the capesize index, which tracks iron ore and coal cargos of 150,000-tonnes, surged 6.4% to 3,260. Meanwhile, the panamax index which tracks cargoes of about 60,000 to 70,000 tonnes of coal and grains, fell 5.6% to a seven-month trough of 2,336. Among smaller vessel segments, the supramax index lost 12 points to its lowest level in six months at 2,248. source: Baltic Exchange
18-11-2021 Figures
2021-11-19 21:08 | Report Abuse
You find the above article Light Reading or Heavy Reading ?
2021-11-18 12:11 | Report Abuse
Local billet prices in China fail to avoid falls, sentiment for SE Asia worsens
The local billet prices in China have dropped further on Monday, November 15, following the negative signs in the rebar market ...
Source: SteelOrbis.com
Still selling like hot cake now ?
2021-11-18 12:00 | Report Abuse
Chinese entities have also bought over Southeast Asian steel businesses such as Singaporean steel fabricators Lee Metal, BRC Asia and Natsteel, as well as Amsteel’s Antara Steel Mills.
This was part of China’s push to export steel production capacity to neighboring countries amid its continuing drive to reduce domestic capacity, but it was also a way for Chinese steel mills to sidestep any anti-dumping...
2021-11-18 11:57 | Report Abuse
This meant that Southeast Asia-origin steel may become subject to new trade defense measures in the US, regardless of whether they were produced from imported Chinese substrate, such as hot- or cold-rolled coil, or produced using domestic crude steel.
There are many China-invested projects in southeast Asia. Prominent among them are PT Dexin Steel in Indonesia and Alliance Steel in Malaysia, as well as other projects such as Eastern Steel in Malaysia.
2021-11-07 14:09 | Report Abuse
https://www.maybulk.com.my/investor/doc/20090327.pdf
Much earlier dealings.
Now wholly owned.
2021-11-04 13:20 | Report Abuse
The Baltic Exchange’s dry bulk sea freight index dropped to its lowest in five months on Wednesday, as rates across vessel segments fell.
The overall index, which factors in rates for capesize, panamax and supramax vessels, fell by 295 points, or 9.3%, to 2,892, the lowest level since June 11.
The capesize index fell 461 points, or 12.3%, to 3,275, its weakest since June 10.
Average daily earnings for capesizes, which transport 150,000-tonne cargoes such as iron ore and coal, fell $3,825 to $27,162.
“Sentiment has deteriorated with FFAs (forward freight agreements) feeding into physical, while the gradual release in Capesize congestion at Pacific discharge ports is releasing iron ore into stockpiles with the restocking process now in full swing,” shipbroker Intermodal said in a weekly research note dated Tuesday.
Forward freight agreements allow ship owners and contractors to manage freight risk against volatility.
Chinese coking coal futures rose for the first time in six trading sessions on Wednesday, surging more than 14% on big backwardation amid tight supplies, while coke prices also jumped.
The panamax index fell 289 points, or 7.9%, to 3,355, touching its lowest in three months.
Average daily earnings for panamaxes, which ferry 60,000-70,000 tonne coal or grain cargoes, decreased by $2,606 to $30,191.
The supramax index fell 191 points to 2,728, its lowest since June 16.
Source: Reuters (Reporting by Kavya Guduru in Bengaluru; Editing by Krishna Chandra Eluri)
2021-11-03 09:35 | Report Abuse
https://www.metalbulletin.com/Article/4013193/Deluge-of-steel-billet-cargoes-offered-to-Southeast-Asia-amid-China-crash.html
Our S teel billet still continue to sell like Hot Cake and at Good Price. ??? I wonder if it is still true.
2021-11-02 22:10 | Report Abuse
Special Sector Indices
Index Quote Change Change% High Low Open YTD Local
Baltic Dry 3187.00 -241.00 -7.03% - - - 133.31% 11/02
Baltic Capesize 3736.00 -466.00 -11.09% - - - 15.59% 11/02
Baltic Panamax 3644.00 -171.00 -4.48% - - - 175.02% 11/02
Baltic Supramax 2919.00 -123.00 -4.04% - - - 180.94% 11/02
Baltic Handysize 1877.00 -67.00 -3.45% - - - 177.25% 11/02
Baltic Clean Tanker 578.00 10.00 1.76% - - - -% 11/01
Baltic Dirty Tanker 794.00 -3.00 -0.38% - - - -% 11/01
2021-11-02 22:06 | Report Abuse
China’s billet market falls again, leaves almost no hope for imports
Local billet prices in China have slipped again today, following the sharp drop in rebar futures prices and the weak outlook ...Source: SteelOrbis
2021-11-02 21:41 | Report Abuse
2021-11-02 20:58 | Report Abuse
ABSTRACT
On November 2, both iron ore and steel futures prices in China slumped further and hit their respective daily limit down on the growing bearish sentiment in these domestic ferrous markets.
On Tuesday, the most-traded January 2022 rebar contract on the Shanghai Futures Exchange (SHFE) plunged by Yuan 368/tonne ($57.5/t) or 8% on from Monday's settlement price to close the daytime session at Yuan 4,230/t, and the most-traded January 2022 iron ore contract on the Dalian Commodity Exchange (DCE) slumped Yuan
2021-11-01 08:34 | Report Abuse
The deal was done and dusted.
The sold Supramax bulk carriers are MV Madu and MV Molek. They are now flying the Bangladesh’s flag.
Stock: [YNHPROP]: YNH PROPERTY BHD
2 months ago | Report Abuse
Hopfoolly, me too 😊