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Freight & Commodities

Stay up to date with the latest in Freight & Commodities— covering market updates, regulatory changes, vessel activity, and expert commentary from top maritime sources.

Copper Drops for a 4th Session

30 Apr, 2026
Copper futures in the US were near $5.95 per pound, dropping for a fourth session since testing record highs at $6.12 on April 22nd as the lack progress between Iran and the US in their conflict pressed the outlook on global manufacturing. ...

New crop outlook: Higher fertiliser prices influence grower decisions

30 Apr, 2026
The situation in the Middle East Gulf has not improved, with crossings of the Strait of Hormuz remaining minimal. Those of us tracking vessel movements, cargo flows, and port utilisation know that the past month has introduced new layers of...

Copper Stabilizes After Four-Day Decline

30 Apr, 2026
Copper futures steadied around $5.95 per pound on Wednesday after falling for four consecutive sessions, as supportive long-term fundamentals helped offset near-term pressure stemming from the Iran conflict. Major technology firms continue ...

Middle East war: After oil and gas, concerns grow over minerals crunch

30 Apr, 2026
The shipping crisis in the Strait of Hormuz caused by war in the Middle East has exposed a new threat: a looming shortage of strategic minerals that drive economies all over the world – and a race by countries to obtain them. Until war erup...

Iron Ore Climbs to Three-Week High

30 Apr, 2026
Iron ore futures advanced toward CNY 790 per ton, reaching a three-week high as rising costs linked to the Middle East conflict, particularly diesel and freight expenses, pushed the iron ore cost curve higher. Analysts, however, pointed to ...

MMI Daily Iron Ore Index Report April 29 2026

30 Apr, 2026
Today, the DCE iron ore futures trended stronger, with the most-traded contract I2609 closing at 787.5 yuan/mt, up 0.90% from the previous trading session. Spot prices rose 6-7 from the previous day. Traders showed moderate enthusiasm in qu...

Farm commodities surge to two-year high on Hormuz closure

30 Apr, 2026
The extended closure of the Strait of Hormuz and extreme weather have pushed farm commodity prices to a two-year high, as fertilizer challenges and the prospect of smaller harvests drive food inflation risks. The Bloomberg Agriculture Spot ...

Vale Q1 earnings miss expectations despite stronger sales, iron ore prices

30 Apr, 2026
Vale SA clocked weaker-than-expected first-quarter earnings on Tuesday, even as the Brazilian miner clocked strong sales on higher prices of iron ore and copper. Vale’s pro forma earnings before interest, tax, depreciation, and amortization...