Author archives: Edward Hutton
Oil Through the Looking Glass 22/7/20
*Narrowing Fuel Oil Contango The dropping contango structure of the fuel oil curve may encourage traders to offload stored supplies of fuel to protect against falling future margins. The front Aug/Sep spread was marked at flat this morning, as the VLSFO market followed the lead of the HSFO in moving from contango back into backwardation. The …
Steel & Scrap Morning Report
Iron Ore Offshore Aug 20 Morning Technical Comment – 240 Min Chart
Ferts in Focus 22/07/20
*Indian tender prices disappoint Urea markets once again revolved around news out of India this past week, with the closing of their latest urea purchasing tender on Friday. As last time, the most competitive offers into the tender were below market expectations. However, rather than accept prices this time round, most participants in the tender have …
Tanker News Update
*Transatlantic Bulls The past couple of days have seen a large jump in transatlantic routes worldscale values. The main routes that carry gasoline on MR vessels are; TC2 travelling from ARA to NY and the back-haul route, TC14 from Houston to ARA. TC2 rates in previous weeks had seen lows of WS70, however the start …
