Category archives: News
Morning Oil Note 2/7/20
Good morning all. U.S. WTI crude futures fell 10 cents, or 0.3%, to $39.72 a barrel at 0148 GMT, trimming a 1.4% rise from Wednesday. Brent crude futures eased 6 cents, or 0.1%, to $41.97 a barrel, after rising 1.8% in the previous session. The market has moved up this morning after a fall in US …
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
Steel and Scrap News 1/7/20
*Blast Furnace Game Time?* Steelmakers are planning on restarting several Blast Furnaces after being hot-idled for covid-19 in the US. Sentiment remains that the demand side of HRC is lacking. While US and European HRC curves remain in contango, US BUS scrap is pricing lower prints in Jul20 & Aug20. This has put pressure on …
Capesize – Seven Years of Famine
Arguably the largest % gain ever during a 32-day period for the Capesize index having moved 1,449% higher (USD 28,865), the index is now within USD 7,000 of the 2019 high. Above this level will be unchartered territory for the 5TC Capesize index which replaced the old index back in 2014. We have seen moves …
Tanker News Update 1/7/20
VLCC getting comfy? After seeing a dramatic fall in rates over the past weeks TD3c seems to be settling around the mid WS30’s with the last day of Q2 seeing the years low at WS34.79, a 188.79pt drop from the year high of WS223.58 on 16th March. Freight rates also seem to be softening in …