Subscribe to RSS feedSpot market crashes as iron ore giants take a step back
A LACK of fixing activity among the big iron ore producers killed whatever embers were still smouldering in the capesize market last week, causing a crash in rates.
With little sign of any improvement in the volume of fixing on Friday, brokers were pessimistic about any short-term improvement. If you are already a subscriber, please sign in below. If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here. Alternatively, click here to subscribe.
“The market is pretty dead and has been for the last few days,” one Hong Kong-based broker said on Friday.
This full article is available to Lloyd's List DCN subscribers only.