*RCF requests extension on tender offers* The issuance of LOIs was expected to start this week, and round out India’s latest urea purchasing tender. Almost 2.2mn tonnes are believed to have been accepted against RCF’s counterbids; however the importer requested a two day extension on the validity of offers Monday (when they were due to …
Category archives: News
Morning Oil Report 21/10/20
Brent crude futures dropped 32 cents, or 0.8%, to $42.30 a barrel by 0418 GMT, after falling 31 cents on Monday. WTI futures fell 26 cents, or 0.6%, to $40.57 a barrel, after losing 5 cents on Monday. Oil steadied yesterday as hopes of a vaccine were nearing which would potentially ease some lockdowns, …
Capesize rates slide despite improving paper market
Capesize freight rates continued the downward slide despite some improvement in the paper market. The Capesize 5 time charter average then fell by $1,281 day-on-day to $17,121 on Tuesday, but managed to send some positive signals to shipowners due to the improving paper market. However, the physical market remained weak and dragged down the Baltic …
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European Close 20/10/20
Iron ore is making hard work of its upside push at this point with DCE futures finishing the night session up CNY 6.5 at 692. The offshore came under pressure whilst the DCE was closed with the night session leaving the futures basically unchanged from the previous day’s close. Rhetoric for iron ore bulls …
FIS LONDON COKING COAL MARKET REPORT
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Supramax & Handysize FFA Daily Report
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Fuel Oil Daily Evening Report
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London Iron Ore Market Report
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Oil Through the Looking Glass 20/10/20
*Fuel Spreads Move Further into Backwardation* Both HSFO and VLSFO fuel oil futures have moved further into backwardation on front month spreads, as demand returns, and supply holds steady. News that there were potential supply shortages in China of VLSFO fuel were echoing through the market and helped lift front Sing 0.5% spreads up to …
FIS Weekly Ferrous Report: Iron ore in a short-run bearish trend
Money Movement. According to China commodity exchange statistics, agricultural sector money inflow increased 14.99% in the days before Golden Week. The industrial sector increased 23.99%, the petrochemical sector contributed most, up 38.3%. The ferrous sector was up 16.88% over the same period, underperforming other industrial sectors including non-ferrous. Within the ferrous sector, iron ore money …
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