FIS Castaway Podcast – Episode 44

FIS Castaway Podcast – Episode 44    Don’t get caught napping on China’s 5 year plans, OPEC meeting and commodity market movements. Listen this this week’s podcast where we update you on iron ore, steel, freight and oil markets     Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-44-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/39jPLg2bncGZoilLeOi32A?si=sD5N7uoqRaS2EnhGeiCSWA   And Itunes https://podcasts.apple.com/gb/podcast/episode-44/id1507094242?i=1000511419554     Disclaimer: This …

FIS Fuel Oil Morning Report 03/03/21

U.S. West Texas Intermediate (WTI) crude futures rose 18 cents, or 0.3%, to $59.93 a barrel by 0356 GMT, recovering from three days of losses. Brent crude futures rose 29 cents, or 0.46%, to $62.99 a barrel, up from four days of losses. Both futures had dipped in Asia’s early morning trading. Both markers have …

Daily DCE Review 3/3/21

Iron ore futures inched up further today, following the rally at the start of the week on market optimism over steel demand. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then hiked up by 1.81% day-on-day or RMB 20.50 to RMB 1,153.50/mt on Wednesday. The steel rebar contract on the Shanghai …

Daily Capesize Review 2/3/21

Capesize freight rates rose higher on bullish paper market, despite slow physical activities in both basins. The Capesize 5 time charter average then hiked up by $473 day-on-day to $12,152 on Tuesday, due to better FFA market. The Baltic Dry Index (BDI) also jumped by 1.33% or 22 points to 1,673 readings, amid better freight …

Iron Ore DCE May Daily Technical Review 3/3/21

Verdict – Short-term neutral. DCE iron ore movement were narrowing within the 90 yuan range from 1089.5- 1080.0. Open interest and volume both rebounded slightly. From hourly chart iron ore support moved higher from 1089.5 – 1117.5 – 1130.0. The major resistance on 1078.0- 1080.0. Iron ore from hourly chart created an ascending triangle. Thus, …