Monthly archives: April 2021

Daily Capesize Review 5/4/21

Capesize freight rates found supports in better shipping fundamentals in the Atlantic market with higher iron ore shipment volumes from Brazil. This was due to better weather conditions in Brazil with the passing of rainy seasons to allow miners to ramp up productions for exports. Meanwhile, the shipping participants were still returning to the market …

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FIS Fuel Oil Morning Report 06/04/21

Welcome back to those who have enjoyed the Easter break!   Brent crude futures rose 38 cents, or 0.61%, to $62.53 a barrel at 0507 GMT, after falling 4.2% on Monday. U.S. West Texas Intermediate (WTI) crude futures rose 34 cents, or 0.58%, to $58.99 barrel, after sliding 4.6% on Monday. The US Dollar Index, …

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Daily DCE Review 5/4/21

Iron ore futures were closed on China’s Ching Ming holidays, despite upticks in steel prices due to stringent inspection checks. During the market inactivity, Tangshan billet prices got much market attention, as it rose for a total of RMB 220 since the start of month to RMB 5,020/mt as of Apr 5. The price upticks …

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Daily Capesize Review 2/4/21

Capesize freight rates are expected to rise in the second quarter of the year, in anticipation of strong iron ore exports from Australia and Brazil. After a strong Q1, shipping fundamentals remained robust with a relatively tight dry bulk supply amid plenty of commodity demand. The Baltic Dry Index (BDI), then rose by 1.27% or …

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