Category archives: Freight

FIS Weekly Ferrous: iron ore neutral but risk remains

Ferrous Sector Money-flow: The previous weekly report gave seven weeks of short-run consolidation from the end of May when seeing the open interest peak for DCE market.   However market was strong by the first half of July. Open interest indicated most of the push was due to exit of shorts and re-entry as new …

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Capesize rates slip on thin physical activity

Capesize rates slipped again over market concerns on the deteriorating physical market with long tonnage list in the Pacific market. On that note, the Capesize 5 time charter average dipped by $680 day-on-day to $26,964 on Monday, as the paper market came under pressure on declining physical market. Following the decline, the Baltic Dry Index …

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After flaming June, dry July for oil market?

Rising COVID-19 cases globally reached 13 million infections and half million deaths, remaining a key drag on market sentiments. With California, the Philippines, Hong Kong and Australia tightening restrictions again as daily infections spike, July could be an even more challenging month for oil than expected.   Moreover, the market will be monitoring closely the …

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Capesize rates correct on muted market activity

Capesize rates dropped on limited market activity as some trade participants were away due to public holiday in Singapore. The Capesize 5 time charter average dipped by $437 day-on-day to $27,644 on Friday, as the paper market was muted and rangebound due to the Singapore holiday. Due to the quiet market, the Baltic Dry Index …

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