Iron ore futures softened for the second consecutive trading day as trade participants become more cautious after the rally seen last week. 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 steel rebar contract …
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Capesize rates rebound on better iron ore and coal demand
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 …
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Oil Through the Looking Glass 25/8/20
*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 …
Morning Oil Report 25/8/20
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 …
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 24/8/20
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
DCE cools down after last week rally
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 …
Oil Through the Looking Glass 24/8/20
*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 …