FIS Panamax Technical Report Technically bearish the index has not broken support having produced a 3 wave pattern down. Upside move above the USD 6,093 level would suggest the technical picture is potentially turning bullish To view the full report please click on the link
Monthly archives: May 2020
DCE rallies on good construction demand
Chinese futures rallied toward the end of the trading close, on higher construction steel demand and tighter inventory. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, jumped by 6.44% day-on-day to RMB 752 per tonne on Friday. Following the rally, the steel rebar contract on the Shanghai Futures …
Capesize rates drag by long tonnage list
Sluggish Pacific and Atlantic had dragged down Capesize rates and reversed much of the gains that occurred in previous week. By Thursday, the Capesize 5 time charter average went down further by $558 to $3,228, despite more buyers entry at the afternoon session in trying to lift the market. Given the volatile Capesize rates and …
Brent July 20 Morning Technical Comment – 240 Min
https://freightinvestorservices.com/wp-content/uploads/2020/05/FIS-Morning-Technical-Brent-29-05-20.pdf
Supramax June 20 Morning Technical Comment – 240 Min
https://freightinvestorservices.com/wp-content/uploads/2020/05/FIS-Morning-Technical-Supramax-29-05-20.pdf
Capesize June 20 Morning Technical Comment – 240 Min
https://freightinvestorservices.com/wp-content/uploads/2020/05/FIS-Morning-Technical-Capesize-29-05-20.pdf
Panamax June 20 Morning Technical Comment – 240 Min
https://freightinvestorservices.com/wp-content/uploads/2020/05/FIS-Morning-Technical-Panamax-29-05-20.pdf
Capesize – a brief history of volatility
We know for certain Trump is ‘not happy’, as he announced this to the world this week, when referencing Beijing’s move to impose national security legislation on Hong Kong. Trump has announced he will announce new U.S. policies on China today; this is making global markets jittery, something the world does not need …
Iron Ore Offshore July 20 Morning Technical Comment – 240 Min Chart
https://freightinvestorservices.com/wp-content/uploads/2020/05/FIS-MorningTechnical-Iron-Ore-Offshore-29-05-20.pdf
Ship Shape: The End of the Road
One thing that has confusingly held true up to now was that, against all the trends of many other commodities and market, iron ore kept on rising. It has been the black sheep of the markets, standing there, teeth gritted, weathering the storm that had swept away many other markets. However, just as other markets …