Monthly archives: July 2020
Fuel Oil Daily Evening Report
No more Samba for the week
A total of 2.104 million mt of iron ore was exchanged hands for the week ended Jul 17, with Australian fines dominating the market with little presence of Brazilian ores. Australian Pilbara Blend Fines (PBF) garnered almost 40% or 39.11% of iron ore products share, while Jimblebar fines came in second with 18%, followed by …
Capesize rebounds upon market optimism
Capesize rates ended its losing streaks and booked slight gains with improvement of shipping demands in both basins. The Capesize 5 time charter average went up $252 day-on-day to $24,639 on Thursday, as the Australian miners returned to the spot market. Given the Capesize uptick, the Baltic Dry Index (BDI) inched up slightly by 0.18% …
Freight Intraday Morning Technical
DCE ends the week in corrections
Iron ore futures continued its correction phrase as buyers found prices too high amid mixed market sentiments. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange dropped by 0.42% or RMB 3.50 day-on-day to RMB 826 a tonne on Friday. However, the steel rebar contract on the Shanghai Futures Exchange gained slightly …
Ship Shape – FIS Commodity Weekly 17/07/20
A V-Shaped Recovery We have noted for several weeks now that there are more and more examples of countries or sectors returning to work. GDP figures show China has returned to growth, with many other countries reversing the dramatic trend that befell their Q1 economic data. It is, so far, a V-shaped rebound that has …
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Steel & Scrap Morning Report
ShipShape: A V-Shaped Recovery
We have noted for several weeks now that there are more and more examples of countries or sectors returning to work. GDP figures show China has returned to growth, with many other countries reversing the dramatic trend that befell their Q1 economic data. It is, so far, a V-shaped rebound that has mirrored much of …
