Category archives: News
Capesize rates move slowly amid thin market activities
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 …
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DCE slips amid port congestion issues
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 …
Ferts in Focus 12/8/20
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 …
Morning Oil Report 12/8/20
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 …
London Iron Ore Market Report
Supramax & Handysize FFA Daily Report
Capesize & Panamax FFA Daily Report
Oil Evening Report 11/8/20
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
Oil Through the Looking Glass 11/8/20
*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 …