Monthly archives: June 2021

Daily Capesize Review 14/6/21

Capesize freight rates gained from recent improving shipping demand, despite slow trading activities due to Chinese holidays. The Capesize 5 time charter average, then rose by $1,631 day-on-day to $29,383 on Monday, from a buoyant market which left much room for the physical market to catch up. The Baltic Dry Index (BDI) followed the rally …

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FIS Weekly Virtual Steel Margin Report 15/6/2021

Market Verdict： – Iron ore neutral. Macro Market Change and Money Movement: – China commodity market experienced an interest shift from agricultural sector to industrial sector from last Thursday to this Tuesday, contributed by the strong performance of coking coal and iron ore. – The G7 conference yet to mention any detail on the solution …

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FIS Fuel Oil Morning Report 15/06/21

At 10:56 am Singapore time (0256 GMT), the ICE August Brent futures contract was up 11 cents/b (0.15%) from the previous settle at $72.97/b while the NYMEX July light sweet crude contract was up 10 cents/b (0.14%) at $70.98/b.   After last week’s announcement surrounding the US and Iran agreement which saw Brent fall over …

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FIS Morning Report Tanker FFA 15-06-21

News Headlines: OIL DAYBOOK EUROPE: Gasoline Underpins Oil’s Recovery in China (Bloomberg) China’s meteoric rebound from the Covid-19 pandemic has been a source of strength for global oil demand, and a close look at domestic trends reveals that cars have underpinned the recovery.     Supertanker Booked at $36,000 per Day: BNEF Time Charter Tracker …

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