FIS API Blog
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Continue reading “Freight Intraday Morning Technical 10/9/20”
*Brent Oil Benchmark Dips but Stays Over $40/bbl* Oil prices dipped slightly off the back of rising stocks and falling demand as reported by the EIA, yet Brent maintained its $40 per barrel mark. The US stockpiles rose by 3 million barrels according to the American Petroleum institute (API) as the EIA reduced demand outlook …
Capesize freight rates moved on a downward trend due to an oversupplied market amid thin shipping demand. The Capesize 5 time charter average then slumped by $410 day-on-day to $15,482 on Wednesday, due to thin physical fixtures. Likewise, the Baltic Dry Index (BDI) also dropped further by 2.41% or 32 points day-on-day to 1,296 readings. …
Continue reading “Capesize rates under pressure from supply glut”
Iron ore futures continued to slide under selling pressures due to mixed market outlook over steel demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange plunged by 2.26% day-on-day to RMB 822 per tonne on Thursday. The steel rebar contract on the Shanghai Futures Exchange also faced correction and went …
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 …
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 …
Continue reading “Fertilizer Financial Markets Commentary/Curves”
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 …
Good morning all. Brent futures dropped 17 cents or 0.42% overnight to $40.62 after regaining 2.5% throughout Wednesday. WTI had similar losses of 24 cents or 0.63% at 0417GMT. The oil market is under pressure from rising supply and suppressed demand with the EIA inventory data due on Thursday, a day later than usual …
Verdict – Short-term bearish. Maintain short-run bearish during this week. Iron ore created many long upper shadow candles, indicating majority of new buyers are intra-day traders, versus most sellers are holding longer period of time. The resistance level was the high of each trading day. From hourly chart, slow stochastic KD created cyclical low. MACD …
Continue reading “Iron Ore DCE January Daily Technical Review Sep 10th”
Ferrous Market – Ganggu Construction Steel Inventory: production 5.58 million tonnes, down 137,900 tonnes w-o-w. Mills inventory 4.88 million tonnes, down 126,400 tonnes w-o-w. Circulation inventory 11.47 million tonnes, up 37,200 tonnes w-o-w. – MySteel Rebar Inventory: Rebar production 3.72 million tonnes, down 2.82% w-o-w. Mills inventory 3.58 million tonnes, down 2.35% w-o-w. Circulation inventory …
