Category archives: News
Supramax & Handysize FFA Daily Report
Capesize & Panamax FFA Daily Report
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 …