FIS API Blog
Iron ore futures surged above $121 on Wednesday on mounting supply concerns. Australian defence personnel are being deployed to Port Hedland to help contain the coronavirus outbreak after 17 of the 21 crew members of a cargo ship were tested positive, reigniting concerns over supply disruptions. Furthermore, exports from Brazil declined in the …
Continue reading “Australia infections and Brazil production see iron ore surge”
Indian tender announcement delayed A new Indian tender was widely expected to be announced last week but didn’t appear. The basis for the delay included a slowdown in domestic urea sales during August and September combined with the significant import volumes already scheduled, as well as funding issues within the Department of Fertilizers (source Profercy). …
Iron ore futures rose above $116 on Tuesday as investors assessed potential impact after a Brazilian court ordered a shutdown of Vale’s operations at the Viga concentration plant; at the same time authorities in Australia are contending with a rising number of coronavirus cases. In a statement released by Vale, the Brazilian miner was …
Continue reading “Iron ore rises on potential Vale Viga shutdown”
Tankers carrying Iranian fuel begin entering Venezuelan waters The first group of three tankers have entered south American waters carrying 270,000 barrels of gasoline for a starved Venezuela, which arrived in their waters at 8.05 EDT. The vessel arrived after crossing the Atlantic Ocean and Caribbean Sea without any disturbances, with 2 more vessel due …
Money Movement and Macro Market The ferrous sector has started to correct after moves to control financial leverage of housing companies. This triggered some debt issues at Evergrande, one of the biggest housing companies, but the government also clarified and extend the deleveraging process to the 2023 (Bloomberg). Short-run stress finally reached an end on …
Iron ore futures ticked up above $114 on Monday amid growing profits for industrial companies in China, though subdued trading and thin volumes are expected this week ahead of China’s “golden week” holidays. According to data from the National Bureau of Statistics, profits at Chinese industrial enterprises rose for a fourth month, as the continued …
Gulf Nations Are Desperate for Higher Oil Prices Nations in the Gulf, including the Saudi oil powerhouse have said that they are able to withstand any shock in oil prices, but many have forecast that this is simply not the case. Although Saudi has some of the lowest production costs in the world, the current …
Good morning all. Brent futures rose 30 cents, or 0.7%, to $45.10/b by 4:10 am GMT, while futures were up 34 cents, or 0.8%, to $42.35 a barrel. A delay in the meeting between US and China, which was to occur over the weekend, to review its trade agreement did not dampen investors’ sentiment …
Click below link for the Evening Oil Report https://freightinvestorservices.com/wp-content/uploads/2020/08/140820Fuel-Oil-Swap-Daily-Report.pdf For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
*Tanker Traffic As mentioned around the turn of the month after suffering the worst rainfall in 100 years, Chinese ports are still flooded, but now with over 40 VLCCs. The current figure stands at 83 tankers in waiting, though peaked early last week at 91, with a 2019-built 320dwt siting in Qingdao for two months. …
