Brent futures climbed 49 cents, or 1.1%, to $45.77 a barrel at 4:06 am GMT, while WTI futures rose 37 cents, or 0.9%, to $42.98 a barrel. The current weakness in the dollar in the wake of the U.S. Federal Reserve’s policy shift on inflation announced last week is expected to push the currency …
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DCE rallies from strong steel demand and positive PMI
Iron ore futures started the week on higher note due to strong Chinese steel demand and positive economic indicator. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 2.61% or RMB 21.50 day-on-day to RMB 844 per tonne on Monday. The steel rebar contract on the Shanghai Futures Exchange …
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Capesize rates flat despite tonnage clearing in the Atlantic
Capesize freight rates remained flattish despite the clearing of tonnage in Atlantic and some shipping disruption due to typhoon in the East Asia. Thus, the Capesize 5 time charter average saw slight correction of $381 day-on-day to $18,394 on Friday. The Baltic Dry Index (BDI) also followed the dip and went down by 1.06% day-on-day …
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London Iron Ore Market Report
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
Supramax & Handysize FFA Daily Report
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
Capesize & Panamax FFA Daily Report
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
Evening Oil Report 28/8/20
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
Agri-Freight Report 28/8/20
Click below link to view the Agri-freight report https://fisapp.com/wp-content/uploads/2020/08/Agri-Freight-Report-28.08.20.pdf For more information please contact FIS Agri freight Desk luisf@freightinvestor.com London +44 (0) 207 090 1120 Direct +44 (0) 7543223444
Low grade ores take the centerstage
A total of 1.237 million mt of iron ore was exchanged hands for the week ended Aug 28, lowered than the 2.035 million mt recorded last week. Low grade fines took the centerstage this week, as Yandi fines accounted the most transacted at 22.63%, followed by Jimblebar fines at 16.17%, then SFM1 at 14.32% and …
Capesize rates fall despite higher rates for Brazil routes
Capesize freight rates took a slight dip despite a bullish physical market run with better rates for the Brazil routes. Thus, the Capesize 5 time charter average went for slight correction and fell by $121 day-on-day to $18,775 on Thursday. Then, the Baltic Dry Index (BDI) followed the dip and went down by 0.33% day-on-day …
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