Monthly archives: September 2020

Freight Intraday Morning Technical

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 “Freight Intraday Morning Technical”

FIS Iron Ore Weekly Ferrous Report

Money Movement and Macro Market The ferrous sector has started to correct after moves to control financial leverage of housing companies. This triggered some debt issues at Evergrande, one of the biggest housing companies, but the government also clarified and extend the deleveraging process to the 2023 (Bloomberg). Short-run stress finally reached an end on …

Continue reading “FIS Iron Ore Weekly Ferrous Report”

Capesize rates correct ahead of China’s holidays

Capesize freight rates softened as trading activities slowed down ahead of Golden Week holidays. The Capesize 5 time charter average then dropped by $445 day-on-day to $23,733 on Monday, due to the market cooldown. Then, the Baltic Dry Index (BDI) dipped by 0.78% or 13 points day-on-day to 1,654 readings due to the correction of …

Continue reading “Capesize rates correct ahead of China’s holidays”