FIS API Blog
It was another bullish day for the Capesize market, with the physical market making solid gains to push up the freight rates. The Capesize 5 time charter average then rose by $1,636 day-on-day to $20,687 on Tuesday, with talk of C5 heading to $9.00 and the C3 rumoured to surge toward the $18.90. Following the …
Continue reading “Capesize rates make solid gains on bullish market”
Iron ore futures booked slight gains on Wednesday to continue the rally for the third consecutive trading day on supply tightness issues. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange hiked upward by 0.40% or RMB 3.50 day-on-day to RMB 888 per tonne on Wednesday. However, the steel rebar contract on …
Continue reading “DCE continues winning streak on small gains”
Capesize rates started the week on bullish note as bad weather, crew replacement and stricter quarantine measures affected the tonnage supply. The Capesize 5 time charter average hiked up by $755 day-on-day to $19,051 on Monday, as market participants expected freight rates recovery over short term. Due to the improvement in Capesize, the Baltic Dry …
Continue reading “Capesize rates rally over congestion in the Pacific”
attempted to rebalance the east-west balance in recent years. However if the current administration lacks the economic argument it needs to win votes, then perhaps it has decided that it is time to flex its international muscle to convince American voters it is still the best party to lead them into a trade war. US …
Continue reading “Is the US election campaign damaging to US agricultural trade?”
