Category archives: News

FIS Castaway Podcast – Episode 45 10/03/21

FIS Castaway Podcast – Episode 45   Confused? Missed last week’s volatile markets? Look no further, listen to this week’s Castaway to get updated on our main shipping and commodity markets.   Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-45-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/2xDjvDLVXCM5aSBmubF4xH?si=ED09gjreRDGOSMWUPqUSoA   And iTunes https://podcasts.apple.com/gb/podcast/episode-45/id1507094242?i=1000512386620     Disclaimer: This podcast is a marketing communication and is not based …

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Daily DCE Review 10/3/21

Iron ore futures continued to slide on production restriction in China to comply with stricter environmental regulations. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), fell for the second consecutive day by5.24% day-on-day or down RMB 57.50 to RMB 1,040.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange …

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Daily Capesize Review 9/3/21

Capesize freight rates rallied on bullish shipping outlook, despite corrections in iron ore and bunker prices. The Capesize 5 time charter average then hiked up by $1,032 day-on-day to $16,170 on Tuesday, due to better market sentiments in both basins. The Baltic Dry Index (BDI) also rose by 2.59% or 48 points to 1,901 readings, …

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FIS Fuel Oil Morning Report 10/03/2021

Brent crude for May dropped 56 cents, or 0.8%, to $66.96 a barrel by 0414 GMT, while U.S. West Texas Intermediate crude for April was at $63.56 a barrel, down 45 cents, or 0.7%.   #API #Crude +12.792M VS Est.-0.833M #Cushing +0.295M #Gasoline -8.499M VS Est.-4.167M #Distillate -4.796M VS Est.-3.667M   Crude stocks in the …

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Iron Ore DCE May Daily Technical Review 10/3/21

Verdict – Short-term neutral. DCE iron ore may contract consolidated during the trading day. Be aware of new short positions building in next trading day, since the intraday settlement was high yesterday, which limit the theoretical downside room for iron ore today. CCI created a bullish divergence with candles for the previous six trading hours. …

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