The ore market remained flat until the Chinese New Year holiday , as four Vale pellet plants resumed operations . However , Vale still expects a 250 million metric tonne ( mt ) annual shortfall in iron ore prices following the decommissioning of ten dams . The sluggish iron ore demand contributed to the Capesize 5 time charter average increasing slightly by $ 58 day - on - day ( DoD ) on 14 February to a spot price of $ 7,342 . The Panamax time charter average was unaffected by the Capesize market , recording a $ 69 DoD increase , while the Supramax time charter grew $ 289 DoD , and Handysize grew $ 87 DoD.
The Capesize market remained flat following the Chinese New Year holiday, as four Vale pellet plants resumed operations. However, Vale still expects a 40 million metric tonne (mt) annual shortfall in iron ore output following the decommissioning of ten dams. The sluggish iron ore demand contributed to the Capesize 5 time charter average increasing slightly by $58 day-on-day (DoD) on 14 February to a spot price of $7,342. The Panamax time charter average was unaffected by the Capesize market, recording a $69 DoD increase, while the Supramax time charter grew $289 DoD, and Handysize grew $87 DoD.