Forecasts and market analysis based on price assessments from Fastmarkets MB and Fastmarkets AMM

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January 2019 | Steel Scrap and Metallics Forecaster

Weather, supply disruptions weigh heavy on capesize freight markets: Freight Highlights

Activity in Western Australian ports was reduced over fears about cyclone Riley hitting coastal areas.

Freight prices for capesize ships fell in both the Atlantic and Pacific basins in the last week of January following the disruptions to iron ore supply in Brazil. The Atlantic index recorded by Simpson Spence Young (SSY) fell 7.6% week on week to 6,998 points, while SSY’s Pacific index dropped 8.7% to 4,422 points. That put the gap between the two basins at 58.3% on the week ending January 28, the highest difference since October of last year, showing that Atlantic...


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