Brent crude was up 19 cents, or 0.5%, at $40.65 a barrel by 0324 GMT. WTI gained 15 cents, or 0.4%, at $38.71 a barrel. Both contracts fell more than 3% on Monday. Although oil was up this morning, there are still many unanswered questions regarding the extent of the relief package that will be …
Category archives: News
Capesize rates reverse into losses over weak iron ore demand
Capesize freight rates dropped over market concerns over slowing iron ore demand and weakness in the paper and bunker markets. Thus, the Capesize 5 time charter average dipped by $445 day-on-day to $18,304 on Monday, following a selloff session. The Baltic Dry Index (BDI) followed the downtrend and dropped by 0.92% or 13 points day-on-day …
Continue reading “Capesize rates reverse into losses over weak iron ore demand”
London Iron Ore Derivatives Report 26/10/2020
Click below link to view the London Iron Ore Report https://fisapp.com/wp-content/uploads/2020/10/FIS-Iron-Ore-London-Report-26102020.pd For more information please contact FIS Iron Ore Desk ferrous@freightinvestor.com London Number +44 (0) 207 090 1120 Singapore: +65 6535 5189 Shanghai: +86 21 6335 4002
Evening Oil Report 26/10/20
Click below link for the Evening Oil Report Click below link for the September Monthly Report https://fisapp.com/wp-content/uploads/2020/10/Monthly-Oil-Report-Sep-2020.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
Singapore Iron Ore Derivatives Report 26/10/20
Market Commentary Iron ore extended its losses on Monday as investors weighed supply and demand, while casting a watchful eye on China’s Communist Party plenum. Iron ore port inventories rose for a seventh consecutive week last Friday to hit an 8-month high. In addition, there are growing signs that the strength of demand is wavering …
Continue reading “Singapore Iron Ore Derivatives Report 26/10/20”
Oil Through the Looking Glass 26/10/20
*Libya Lifts Force Majeure On El Feel Oil Field on Way To 1 Mil B/D Output* The El Feel oil field, also known as the Elephant, has had the force majeure lifted. The 70,000-bpd field is ramping up production to reach the target of 1 million barrels per day which would double current levels of …
Agri-Freight Report 26/10/20
Click below link to view the Agri-freight report https://fisapp.com/wp-content/uploads/2020/10/Agri-Freight-Report-26.10.20.pdf For more information please contact FIS Agri freight Desk luisf@freightinvestor.com London +44 (0) 207 090 1120 Direct +44 (0) 7543223444
DCE falls on supply glut
Iron ore futures continued to fall throughout the trading session due to high port inventory and slowing demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then went down to an almost one-month low at RMB 760.50 per mt on Monday, down 3.31% on daily basis. The steel rebar contract …
Steel and Scrap Report 26/10/20
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 490 6630
Capesize rates firm up on improving market
Capesize freight rates continued the upward momentum on better market sentiments and improving physical markets. The Capesize 5 time charter average inched up by $212 day-on-day to $18,749 on Friday, despite some profit-takings during the trading session. The Baltic Dry Index (BDI) also went up by 1% or 14 points day-on-day to 1,415 readings, given …
Continue reading “Capesize rates firm up on improving market”