Join this week’s Election Special on Castaway as the team discuss the implications of a Biden Presidency, a Vaccine, and more on our commodity markets. Website https://freightinvestorservices.com/blog/fis-castaway-eps-32-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/0Mr0kLung0jCaKA6bthcPN?si=3kIVEtI5RS-R54fQjPDw3Q And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=239ed13a-c739-ef73-b126-1ba2480ae67d Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis by Freight Investor (FIS) …
Category archives: News
Freight Intraday Morning Technical
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Daily Agri – Freight Report
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DCE gains slightly over slower steel output
Iron ore futures booked slight gains after the recent bullish run due to better steel prices and margins. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 0.96 % or RMB 8 day-on-day to RMB 838 /mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange however, …
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Steel & Scrap Morning Report
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Fertilizer Financial Markets Commentary/Curves
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Capesize rates take a breather from recent gains
Capesize freight rates suffered a dip as the bullish momentum flatten out with fewer fixtures being done at higher rates. The Capesize 5 time charter average dipped by RMB 67 day-on-day to $14,781 on Tuesday, as the market lost steam with concerns on the muted Atlantic basin. The Baltic Dry Index (BDI) then moved down …
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Morning Oil Report
Brent crude futures were up 107 cents, or 2.43% to $44.67 a barrel at 0738 GMT, while U.S. West Texas Intermediate (WTI) crude futures also rose 48 cents, or 1.2%, to $41.84 a barrel at 0455GMT. Both benchmarks gained nearly 3% on Tuesday. BP and Orsted have collaborated on a joint project to look at …
Base Morning Intraday Note
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European Close
The Dalian Iron ore had given up its late gains overnight and closed unchanged on the day this morning. The Doji star had indicated indecision in the market and warned we could potentially see some form of market pullback in the evening session. Price has held resulting in the offshore contract moving 1 dollar higher …