*Indian tender prices disappoint Urea markets once again revolved around news out of India this past week, with the closing of their latest urea purchasing tender on Friday. As last time, the most competitive offers into the tender were below market expectations. However, rather than accept prices this time round, most participants in the tender have …
Category archives: News
Tanker News Update
*Transatlantic Bulls The past couple of days have seen a large jump in transatlantic routes worldscale values. The main routes that carry gasoline on MR vessels are; TC2 travelling from ARA to NY and the back-haul route, TC14 from Houston to ARA. TC2 rates in previous weeks had seen lows of WS70, however the start …
Fertilizer Financial Markets Commentary/Curves
FIS LONDON COKING COAL MARKET REPORT
Supramax & Handysize FFA Daily Report
Capesize & Panamax FFA Daily Report
London Iron Ore Market Report
Fuel Oil Daily Evening Report
Capesize rates dip on subdued markets
Capesize rates reversed into losses after sluggish start to the week with little shipping activities. Thus, the Capesize 5 time charter average dropped by $616 day-on-day to $24,469 on Monday, due to the subdued Pacific and Atlantic market. The Baltic Dry Index (BDI) then followed the dip and slipped by 1.87% day-on-day to 1,678 readings …
DCE rebounds on Chinese fiscal stimulus
Iron ore futures opened low and closed on high on Tuesday, following market optimism on China’s demand despite rising supply from miners. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange rebounded from yesterday losses and gained by 2.75% or RMB 22.50 day-on-day to RMB 841 a tonne on July 21. Joining …