The last trading day of 2019 in the Atlantic and Pacific Capesize markets Tuesday saw muted activity, with most participants leaving their desks early.
The consensus among a few sources was that the Pacific market was flat,while the Atlantic market was a bit firmer. Fixtures concluded in the Pacific pointed to a market that was stable, while deals done
in the Atlantic showed that the market was
down slightly.Among the latest cargoes seen out of west coast of Australia for shipping iron ore,Rio Tinto had a stem from Dampier to Qingdao or January 14-16 laycan and FMG was in with a cargo from Hedland to Qingdao for January 12-14. Trading house Cargill had a cargo from west Coast Australia to China for January 14-18 laycan. Meanwhile, it was reported that BHP on Monday had concluded fixtures on the Hedland to Qingdao route for laycans January11-13 and 12-14 at $7.60/wmt and $7.55/wmt, respectively. There were also talks of FMG having done a fixture for January 9-11 laycan at mid-$7s/wmt level on the same day.
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