The US dollar index continued to rise, trading volume on iron ore platforms decreased.
BDI rebounded driven by higher transportation fees of Capesize and Panamax ships.
Global shipments increased last week, shipments from Australia grew and those from Brazil decreased.
More popular news:
SMM Daily Comments (Jun 2): All Metals Closed Higher with SHFE Nickel Leading Gains, Coke Surged
Global Manufacturing PMI Continued To Fall In May, Points To Downturn In Global Economy
Glencore to Aggressively Expand Copper Capacity
Commerzbank Lowers Price Forecast for Copper, Aluminium, Zinc and Nickel for 2023 and 2024
Rumours Say Glencore Will Raise Takeover Bid for Teck Resources, but Another Big Obstacle Lies Ahead
Commodity Price Bubble Finally Burst, but Metals Demand Will Surge

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