Iran war: Oil rises as hopes for peace fade again

Iran war: Oil rises as hopes for peace fade again
Brent crude’s price is trading near the $90/bbl mark once again, as de-escalation prospects between Washington and Tehran have diminished again, this week. The strength in Brent’s price comes following Iran’s announcement of six sweeping preconditions to reopen the...
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Baltic Dry Index Falls for 2nd Session

The Baltic dry index fell 1.2% to 3,046 on Tuesday, extending a 0.2% decrease on Monday. The capesize index, which typically transports 150,000-ton cargoes including iron ore and coal, dropped 2% to 5,001. Also, the supramax index went down 0.2% to 1,600, the lowest...
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China’s export engine powers ahead

China’s export engine powers ahead
China’s trade sector delivered another strong performance in July, with export growth continuing to outpace expectations and reinforcing the country’s growing reliance on external demand at a time when domestic price pressures remain subdued. According to analyses by...
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Chinese port stocks rise further as steel demand softens

Chinese port stocks rise further as steel demand softens
Iron ore market fundamentals softened further in July as Chinese steel demand remained subdued and port inventories continued to build. While Australia’s and Brazil’s exports face growing headwinds, Simandou is steadily establishing itself as a new source of...
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