Monthly archives: September 2021

Daily Capesize Review 10/9/21

Capesize freight rates rebounded from previous losses, with better offers that supported the market fundamentals for the bullish market. The Capesize 5 time charter average, then dropped by $5,021 day-on-day to $46,172 on Friday, as market confidence improved over shipping demand amid tight tonnage. The Baltic Dry Index (BDI) then rose by $221, up 6.07% …

Continue reading “Daily Capesize Review 10/9/21”

Iron Ore DCE Jan Daily Technical Review 13/9/21

Verdict – Short-term neutral. DCE iron ore January contract created a listed low during the day, however recover some of losses by the last hour. Hourly MACD flattened in bearish territory. Hourly CCI rebound from a 9-month low. The previous support level 717.5 has become a major resistance level. However the mid-run bearish has yet …

Continue reading “Iron Ore DCE Jan Daily Technical Review 13/9/21”

FIS Morning Report Tanker FFA 13-09-21

News Headlines: OIL DAYBOOK EUROPE: Vitol Says Ida’s Impact Bullish for Prices (Bloomberg) The aftermath of Hurricane Ida has left about 1.1 million barrels of daily crude production shuttered in the U.S. Gulf of Mexico and it’s unclear when that output will return, a bullish sign for oil prices, according to Vitol Group.  * OIL …

Continue reading “FIS Morning Report Tanker FFA 13-09-21”

FIS Fuel Oil Morning Report 13/09/21

At 11:25 am Singapore time (0325 GMT), ICE November Brent futures was 43 cents/b (0.59%) higher at $73.35/b while the NYMEX October WTI contract was up 45 cents/b (0.65%) at $70.17/b.   US oil industry struggles to get back on its feet following Hurricane Ida. More than 1m b/d of capacity are still offline, nearly …

Continue reading “FIS Fuel Oil Morning Report 13/09/21”