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

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February 2019 | Steel Scrap and Metallics Forecaster

Freight rates continue to nosedive as Dalian’s coal cap adds pressure to markets: Freight Highlights

With ship owners concerned about excess tonnage, the Queensland-to-Rotterdam coking coal route recorded a 3.2% drop week on week to $10.60 per tonne

The recovery in Pacific freight prices, driven last week by the conclusion of the Lunar New Year holidays, has come to a screeching halt. The Pacific capesize index tracked by Simpson Spence Young (SSY) fell 6.1% week on week to 3,260 points on February 25, representing the index’s lowest level since the week of July 17, 2017. Sentiment in the Pacific markets was hammered by the decision of authorities...


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