As expected, the iron ore market has traded up to new highs today with the DCE futures trading up to 861.5 and the Dec offshore trading to a high of USD 122.99. Iron ore is following the steel Rebar that continues to push higher on strong industrial and property data with output in October remaining …
Category archives: Freight
Freight Intraday Morning Technical
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RCEP agreement fails to support Capesize market
Capesize freight rates continued to correct on softening physical market for a slow start to the week. The Capesize 5 time charter average then dipped by RMB 216 day-on-day to $12,282 on Monday, amid thin market activities with public holidays in Singapore and India. The Baltic Dry Index (BDI) also fell slightly by 0.36% or …
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European Close
On Friday we felt that there should still be another move higher for iron ore in this cycle, with our rule of alternation suggesting we should base between RMB 820 – RMB 811 but ultimately needed to see a pullback that held above the RMB 798 level. The Singapore holiday has been kind to us …
Capesize & Panamax FFA Daily Report
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Supramax & Handysize FFA Daily Report
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Freight Intraday Morning Technical
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 (KS): +1 813 490 6630
European Close 13/11/20
Iron ore bulls will have been happy with how the week was going before it wrapped. Prices were firm with an expectation that we could see another round of buying before the winter season started. This all changed 28 minutes before the closing bell, with price stalling below the CNY 850 resistance, leaving the market …
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 (KS): +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 (KS): +1 813 490 6630