Bloomberg reported that the Baltic Dry Index, a measure of commodity shipping costs, rose for the first time since November, lifted by gains for the largest vessels as miners sought charters to export iron ore or coal from Australia. ...
Tags: Baltic Dry Index, iron ore, coal, Iron ore miners
Bloomberg reported that China, buyer of 65% of the world’s iron ore cargoes, expanded the destinations it got the commodity from this year with the first reported spot shipments from Oman, the Philippines and Sierra Leone. According ...
Tags: China, iron ore cargoes, destinations, Oman
Bloomberg reported that trading in iron ore swaps, used to bet or hedge on the future cost of the steelmaking commodity, rose almost threefold to a record this year as prices slumped to the lowest in nearly three years before rebounding. ...
Tags: iron ore, steelmaking commodity, future cost, SGX AsiaClear
Bloomberg quoted Clarkson Plc, the world's largest shipbroker, saying that Australia is poised to overtake Brazil as a source of demand growth for ships as the nation's iron ore supply to China expands faster than the Latin American ...
Tags: shipbroker, Clarkson Plc, Australia, iron ore, steel
Bloomberg reported that the cost of iron ore shipped to China exceeded the average price of locally mined supplies for the first time in 5 months, ending a price arbitrage that helped push November imports to the second biggest on record. ...
Tags: iron ore, steel making, steel, coal
Bloomberg reported that Chinese imports of bauxite fell 31% from a year earlier last month after Indonesia curbed mineral exports restricting seaborne shipments of the ore used to make aluminum. Total deliveries to China slid to 2.14 ...
Tags: Clarkson Plc, raw material, ore