* Physical scrap concluded at $285/t CFR for HMS 80:20 Physical scrap continues to move higher with fixtures completed over the last week at $285/t CFR for HMS 80:20 material. Both Baltic and US based sellers have been reported as transacting with the most recent fixture by a Baltic-origin deal concluded at $285/t CFR for …
Monthly archives: August 2020
Castaway Podcast Episode 20
Soy Castaway Podcast. Join us for our 20th edition, where we are joined by Chris Pardey our agriculture expert (outstanding in his field) as he joins in our panel discussion about freight and commodity markets. Available now on the FIS website (https://freightinvestorservices.com/blog/fis-castaway-eps-20-unprecedented-coverage-in-unprecedented-times/ ) Spotify https://open.spotify.com/episode/5zq56HOVC5DRP6gPBw5AA5?si=OrkWqJAvTCymSwG-vKBfvQ And Apple https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=80b302ce-68c9-9fe7-0f6e-774d50501338
Oil Through the Looking Glass 13/8/20
*US Demand Rebounds The EIA reported yesterday that US crude, gasoline and distillate stock levels all dropped last week even with an increase in refinery production. This shows us that American demand for crude and oil products is finally looking like it is bouncing back. Refinery utilisation was up 1.4% to 81% of total capacity, …
Capesize rates getting support from port congestion
Capesize rates firmed on better market sentiments with freight rates getting some support from the port congestion situation in China. Thus, the Capesize 5 time charter average inched up by $135 day-on-day to $19,339 on Wednesday, with a late rally in Sep and Q4 contracts that added to bullish market tone. Thus, the Baltic Dry …
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FIS LONDON COKING COAL MARKET REPORT 12/8/20
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FIS LONDON COKING COAL MARKET REPORT 11/8/20
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DCE bounces back on better buying interests
Iron ore futures rebounded on Thursday over higher buying interests for limited mainstream Australian fines. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange then rose slightly by 0.85% or RMB 7.00 day-on-day to RMB 826.50 per tonne on Thursday. On the contrary, the Shanghai Futures Exchange stayed rather flattish before dipping …
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Steel and Scrap Report 13/8/20
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Iron Ore DCE January Daily Technical Review Aug 13th
Verdict – Short-term neutral. DCE iron ore tested low and recovered most of losses. Daily slow stochastic KD created dead cross in overbought area. CCI created bearish divergence with iron ore price since August 6th. This bearish divergence normally indicate price has correction risk. The return to bull needs a breakthrough on 851.5. A breakdown …
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Morning Oil Report 13/8/20
Morning all. Brent futures were down 8 cents at $45.35/b at 7:26 GMT, while WTI futures were down by 4 cents at $42.62. US Energy Information Administration data released on August 12 showed that US commercial crude inventories fell 4.51 million barrels to 513.08 million barrels for the week ended August 7 and narrowed …