Monthly archives: July 2020
Supramax & Handysize FFA Daily Report
Capesize & Panamax FFA Daily Report
FIS LONDON COKING COAL MARKET REPORT
Fuel Oil Daily Evening Report
Steel and Scrap News 1/7/20
*Blast Furnace Game Time?* Steelmakers are planning on restarting several Blast Furnaces after being hot-idled for covid-19 in the US. Sentiment remains that the demand side of HRC is lacking. While US and European HRC curves remain in contango, US BUS scrap is pricing lower prints in Jul20 & Aug20. This has put pressure on …
FIS Capesize Technical Report
Capesize – Seven Years of Famine
Arguably the largest % gain ever during a 32-day period for the Capesize index having moved 1,449% higher (USD 28,865), the index is now within USD 7,000 of the 2019 high. Above this level will be unchartered territory for the 5TC Capesize index which replaced the old index back in 2014. We have seen moves …
Tanker News Update 1/7/20
VLCC getting comfy? After seeing a dramatic fall in rates over the past weeks TD3c seems to be settling around the mid WS30’s with the last day of Q2 seeing the years low at WS34.79, a 188.79pt drop from the year high of WS223.58 on 16th March. Freight rates also seem to be softening in …
Ferts in Focus 1/7/20
AG paper supported at $220/t AG urea paper has seen support this past week around the $220 level on the prospect of continued Indian demand, but hasn’t traded this past week. India was only able to secure 628,000 tonnes in their most recent purchasing tender, well short of forecast requirements. Combined with double the national …