One of the standout commodity stories so far this year has been China’s demand for thermal coal, with the world’s largest importer seeing record shipments arriving in the first half. China’s imports of thermal coal from the seaborne market, used mainly to generate electricity, were 168.73 million...
https://www.hellenicshippingnews.com/chinas-run-of-robust-thermal-coal-imports-may-ease/
Iron ore futures prices lost further ground on Thursday, weighed by strong global supply and top consumer China’s persistently weak steel market, although hints of heavier monetary stimulus helped limit losses. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE)...
This week’s chart highlights the notable increase in the monthly volume of Russian grain shipments during the first two quarters of this year. By the end of the second quarter, shipments had risen by 15% compared to the previous quarter. Notably, Egypt emerged as the leading destination for Russian...
Demand for second hand dry bulk carriers remained in high demand during the past week. In its latest weekly report, shipbroker Xclusiv said that “despite the northern hemisphere approaching the “heart” of the summer, dry bulk S&P activity remains robust. Chinese buyers were quite active on the...
https://www.hellenicshippingnews.com/shipping-dry-bulk-carriers-remain-in-high-demand/
Dalian iron ore futures prices fell for the fourth consecutive session on Wednesday, weighed down by a weakening steel market and lingering concerns about demand in top consumer China. The most-traded September iron ore contract on China’s Dalian Commodity Exchange (DCE) ended daytime trade 1.65%...
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was down on Wednesday for the fourth straight session, tracking a fall in rates for the large capesize shipping vessels. The overall index, which factors in rates for capesize, panamax and...
Global coal demand is set to remain broadly unchanged in both 2024 and 2025 as surging electricity demand in some major economies offsets the impacts of a gradual recovery in hydropower and the rapid expansion of solar and wind, according to the IEA’s latest update on coal market trends worldwide....
https://www.hellenicshippingnews.com/global-coal-demand-is-set-to-remain-broadly-flat-through-2025/
China’s first cut to major short- and long-term interest rates in 11 months drew a distinctly ho-hum reaction from the commodities that usually would be expected to be the biggest beneficiaries. The People’s Bank of China said on Monday it would cut the seven-day reverse repo rate to 1.7% from...
https://www.hellenicshippingnews.com/chinas-rate-cuts-fail-to-revive-iron-ore-and-copper/
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, slipped to its lowest level in more than a month on Tuesday as rates for the capesize vessel segment fell. The overall index, which factors in rates for capesize, panamax and supramax shipping...
The Baltic Exchange’s main sea freight index, which tracks rates for ships ferrying dry bulk commodities, was down on Monday as the rates for capesize and panamax vessels fell. The overall index, which factors in rates for capesize, panamax and supramax shipping vessels, lost 6 points, or 0.3%, to...
https://www.hellenicshippingnews.com/baltic-index-declines-as-rates-of-larger-vessels-dip/