Good morning all. Brent crude futures declined by 19 cents, or 0.4%, to $42.91, after hitting an intraday high of $43.19. U.S. WTI crude futures fell 17 cents, or 0.4%, to $40.46 a barrel at 0340 GMT, after earlier rising to as high as $40.79. In the US, some 16 states are reporting record increases …
Category archives: News
London Iron Ore Market Report
Supramax & Handysize FFA Daily Report
Capesize & Panamax FFA Daily Report
FIS LONDON COKING COAL MARKET REPORT
Fuel Oil Daily Evening Report
Globally bullish or a bullish bubble?
It started in China. Base metals, equities and now iron ore have caught the bull market bug that started five days ago on the Shanghai Composite Index. The index was up nearly 6% from the close on Friday, capping five days of gains that has seen a 12.5% increase in the last five sessions. Optimism …
Capesize’s bull run continues, driven by tight tonnage and weather delays
Capesize market continued its bullish run with rates hovering above the $30,000 level in view of the tight tonnage supply in both basins. Thus, the Capesize 5 time charter average rose by $1,305 day-on-day to $32,682 on Friday, while the Baltic Dry Index (BDI) reached new high at 1,894 points, up 3.89% day-on-day. Crewing issue …
Continue reading “Capesize’s bull run continues, driven by tight tonnage and weather delays”
Steel & Scrap 06-07-20
DCE ends high on market optimism
Chinese futures rose on the opening day of the week, due to bullish market sentiment and concerns over supply tightness. As such, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, rose by RMB 6.50 or 0.87% day-on-day to RMB 750.50 per tonne on Monday. Similarly, the steel rebar …