FIS API Blog
Capesize rates continued to move at downtrend manner amid the short trading week with muted physical activities. The Capesize 5 time charter average then dropped by $493 day-on-day to $19,204 on Tuesday, despite some showing some strength at late afternoon session. The Baltic Dry Index (BDI) still reflected some strength in the dry bulk market …
Continue reading “Capesize rates move slowly amid thin market activities”
Iron ore futures dropped on Wednesday over the port congestion issues in China which were likely to ease only in late August. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange dipped by 0.89% or RMB 7.50 day-on-day to RMB 832.50 per tonne on Wednesday, despite a late rally at the …
Beirut devastated by ammonia nitrate explosion The world watched on in shock following a devastating explosion in Beirut, caused by 2,700mt of ammonia nitrate last week. In the aftermath of the disaster, the safe storage, handling and use of the chemical commonly used as fertiliser, has been brought into question once again. More scrutiny is …
Good morning all. Brent futures was up 9 cents/b, or 0.20%, at $44.59/b at 2:15 am GMT, while NYMEX WTI crude contract was up by 4 cents/b, or 0.10%, at $41.65/b. American Petroleum Institute data published on Tuesday showed a fall of 4.4 million barrels in US crude inventories, more than analysts’ expectations of a …
Click below link for the Evening Oil Report https://freightinvestorservices.com/wp-content/uploads/2020/08/110820Fuel-Oil-Swap-Daily-Report.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
*Asian Refiners Grappling with Difficult Outlook A massive reduction in product demand, especially jet fuel, coupled with the increasing supply of crude into the market from OPEC is creating a challenging market environment for Asian refiners. Margins for Asia based refiners have been harder hit than other regions as closed arbs, and increased exports from …
Capesize rates slipped on the short week, with public holidays in Singapore and Greece that affected shipping activities. The Capesize 5 time charter average thus dipped by $215 day-on-day to $19,697 on Monday, in view of lacklustre physical market. Despite the weakness of Capesize, the Baltic Dry Index (BDI) gained slightly by 0.33% day-on-day to …
Continue reading “Slow start to Capesize in view of holidays”
