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Monthly archives: September 2020
FIS Technical – Brent Oct 20 Daily
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Steel & Scrap Midweek Report
HMS 80:20 Scrap Turkish Deepsea import scrap prices continue to firm Sell side continues push for $300/m Weak dollar maintains upside pressure Deepsea Turkish import scrap prices were heard to be higher Sept. 1, as ex-Benelux and ex-Baltic cargoes were heard to be booked over the week ending Aug. 28, sources said. S&P …
Castaway Podcast Episode 23 Available Now
How are the markets pricing the US election? What’s in store for capesize freight? And why is iron ore still so high? Answer all these questions and more with a listen of this week’s Castaway – now with 50% fewer puns. Available now on: Website https://freightinvestorservices.com/blog/fis-castaway-eps-23-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/3SpQJknSkltYrKcOsipe4w And Itunes …
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Tanker News Update 2/9/20
*VLCC Hopes Dwindle* Looking at the paper TD3C, last week, saw a market that started badly, weakening as each day progressed. The lengthening of the list combined with no real enquiry or demand saw rates continue to slide with no apparent immediate solution. Spot has slipped below WS30 for the first time in around …
Freight Intraday Morning Technical
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Daily Agri – Freight Report
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Capesize rates slip despite decent shipping demand
Capesize freight rates entered correction phrase despite decent shipping demand and high iron ore prices in the market. Thus, the Capesize 5 time charter average saw a slight correction of $350 day-on-day to $18,044 on Tuesday, after an aggressive selloff down the forward curve. The Baltic Dry Index (BDI) then fell by 1.14% or 17 …
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Oil Through The Looking Glass 02.09.20
*Power Demand Pushes UAE August Oil Output Above OPEC+ Quota* Stay at home vacations have been the reason for why the UAE have exceeded their OPEC+ quota as there has been a greater demand for gas in power generation. The rate is around 2.693 million bpd, which is 100,000 above the quoted level for August …
DCE rallies on peak steel season
Iron ore futures maintained the bullish run on better steel demand from China due to peak construction activities season during the Sep-Oct period. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 1.06% or RMB 9 day-on-day to RMB 854.50 per tonne on Wednesday. However, the steel rebar contract …