Iron ore is making hard work of its upside push at this point with DCE futures finishing the night session up CNY 6.5 at 692. The offshore came under pressure whilst the DCE was closed with the night session leaving the futures basically unchanged from the previous day’s close. Rhetoric for iron ore bulls …
Category archives: Freight
Supramax & Handysize FFA Daily Report
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Capesize rates under pressure from selloff
Capesize freight rates came under pressure in both basins with more selloffs in the paper market amid the soft physical market. The Capesize 5 time charter average dropped by $1,550 day-on-day to $18,402 on Monday, as the FFA touched new lows in the morning session of $15,950 for Nov contract, then $15,000 for Dec contract …
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European Close 19-10-20
The November iron ore futures traded up to a high of USD 117.36 but failed to hold at these levels during the Asian day session, as concerns about increasing supply continue to linger. However, price is up 0.64% from the Singapore close (USD 116.20) but below the USD 1116.76 level that we were seeing on …
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): …
Capesize & Panamax FFA Daily Report
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Freight Intraday Morning Technical
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Capesize rates plunge on thin market activity
Capesize freight rates were subdued toward the end of the week, following the selloff in paper markets and thin physical market. The Capesize 5 time charter average dropped by $1,785 day-on-day to $19,952 on Friday, as the physical market showed no signs of improvement. Due to weak freight market, the Baltic Dry Index (BDI) plunged …
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European Close 16-10-20
Is the market taking a rest, or is it bullish? This is the question that traders need to ask when looking at the iron ore. Four bearish days have been capped by two bullish days (one bullish and a push into the night session) with the futures up 1.6% at USD 116.76, this would suggest …
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 …