FIS API Blog
Capesize freight rates rebounded on firmer note due to good momentum from the Pacific market. The Capesize 5 time charter average went up by $387 day-on-day to $18,305 on Monday, due to good run for September contracts that nearly touched $22,000. Despite the positivity surrounding Capesize, the Baltic Dry Index (BDI) rose slightly by 0.68 …
Continue reading “Capesize rates rebound on better iron ore and coal demand”
*Gulf Coast Refineries Shut Ahead of Storm, Gasoline Soars As 82% of the Gulf of Mexico production is shut down due to the storms and hurricanes that are battering the coastline which equates to nearly 1 million barrels a day, the gasoline futures rallied on the news of the shutdown. The day ended with the …
Good morning all. Brent rose by 9 cents, or 0.2%, to $45.22 a barrel by 4:19 am GMT, while WTI fell 9 cents, or 0.2%, at $42.53 a barrel. Brent has been rising from last week’s highs mostly due to Hurricane induced gains due to possible storm aftermath effects on global oil flows, which …
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 (FL): +1 813 490 6630
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 (FL): +1 813 490 6630
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 (FL): +1 813 490 6630
Click below link for the Evening Oil Report For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
Iron ore futures slid at the start of the week, after the recent rally last week that pushed iron ore prices to a record high. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dropped by 1.83% or RMB 15.50 day-on-day to RMB 832.50 per tonne on Monday. However, the …
*China’s July Diesel Exports Hit Five Year Low China’s diesel exports fell by two thirds comparing to last July, as weakening demand from overseas has forces refineries to concentrate on domestic consumers. Only 550,000 tons were exported in July, a drop of half of levels seen only in June according to Reuters. Yet, domestic demand …
Capesize freight rates closed lower after the selloff in early session especially for the August and September contracts, while the Q4 contract held firm. Thus, the Capesize 5 time charter average went down by $652 day-on-day to $17,918 on Friday, to end the week on corrections for freight rates. The Baltic Dry Index (BDI) then …
Continue reading “Capesize rates dip on a week of corrections”
