Consensus seems to be that recent news of IFFCO setting up oxygen plants at their urea facilities will have a limited impact on production and domestic urea supply. However, some expect we could see slight reduction to capacity rates if further resources get redirected to the covid-19 effort. Meanwhile expectations are for India to …
Author archives: Chris Hudson
U.S. HRC Report 14/4/21
To view the report please click the link below Contact Robert Belcher Steel Derivatives Broker Freight Investor Services M: +44 (0)7548716464 E: RobertB@freightinvestor.com Joshua T. Toney Steel Derivatives Broker Freight Investor Services M: +1 (203) 616-4057 E: josht@freightinvestor.com
Oil Through the Looking Glass 23/2/21
Texas Refineries Slowly Restart After Last Week’s Deep Freeze Refineries in the oil-rich Texas Gulf rapidly started ramping up production as much as possible following the fallout of the deep freeze which locked in as much as 4 million barrels per day in the height of the cold snap. It is thought the 85% of …
The Billion Dollar Freight Week – Article Exclusive
The dry freight market, which transports bulk commodities around the globe, saw a dramatic increase in trading last week, clearing over 75,000 lots across the Cape, Panamax and Supramax vessel sizes. An estimation of the notional value of last week’s trading puts it at over $1.02 billion worth of freight at today’s current prices, …
Continue reading “The Billion Dollar Freight Week – Article Exclusive”
Oil Through the Looking Glass 16/2/21
Oil ‘Supercycle’ Predictions Divide Veteran Traders The two biggest Wall Street banks have now come out and said that commodities are in a ‘supercycle’ with rates in oil potentially reaching up to $100 per barrel as the pandemic begins to come under control in many nations across the globe. The levels would be the highest …
Cobalt Outlook 2021 part 2
Please click below to view the report
Cobalt Outlook for 2021 part 1
Please click the link below to access the report
Ferts in Focus 27/1/21
*AG Urea’s time in the spotlight* Talk of an Indian urea tender being announced as early as next week, has brought even more of a buzz over already heated urea markets this past week. As a result and true to form, it was AG urea’s turn to surge in values. Physical trading occurred at $332/mt …
Oil Through the Looking Glass 26/1/21
IMF Forecasts 21% Rebound In Crude Oil Prices For 2021 To Just Above $50/B The IMF forecasts oil prices to average just above $50 per barrel in 2021, which would be 21% above the 2021 average for the year as the price recovery comes from the roll out of vaccines and potential recovery of many …
Ferts in Focus 20/1/21
*Urea markets surge to start 2021* Urea futures markets were led higher by significant trading activity in Nola urea to start the year. The bull run was based on strong domestic fundamentals – grain economics and strong prepay demand – as well as the return of participants to the market after a wind down throughout December and …