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

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May 2019 | Steel Raw Materials

Freight Highlights: 15 May 2019

A roundup of Fastmarkets' freight statistics for the week of 15 May 2019.

Capesize rates extended their increases to the sixth-straight week despite news from Brazil that Vale’s troubled Brucutu mine will close again. The expected short supply of material led to a spike in iron ore prices – as explained in more detail within the iron ore section – but unlike in January after the Vale dam collapse took place, capesize freight prices have not gone in the opposite direction. Instead, Simpson Spence Young’s (SSY) capesize index for the...


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