Category archives: Freight

Oil Through the Looking Glass 9/6/20

Easing of Lockdown Bounce Prices have been rising on Brent as hopes that the global recovery post covid-19 will be swift, bringing normal levels of demand back to the battered market. Prices on front month futures have pushed above the $40 level and even Goldman Sachs has raised its oil price forecasts to a $40.40 …

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Has Iron Ore Reached its Top?

Consensus The consensus in the financial sector is that iron ore prices are looking overstretched. Almost daily we hear that supply will increase and demand will decrease in the second half of the year. If this is the case, then surely with over 100 million tons of inventory the upside is not limited, it is …

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Soy rises on China hopes but long term doubts remain

US domestic Soy prices have produced their highest close in nine weeks and their highest weekly percentage increase since March 27th.     The price increase is on the back of continued purchases of U.S. agricultural products by China. Committed to over 50 billion tonnes of purchases, China has come under fire for sourcing Soy …

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Capesize rates continue the good run on firmer iron ore demand

Capesize rates buoyed on good physical fixture with healthy shipping demand out of both basins. Thus, the Capesize 5 time charter average spiked sharply by $1,130 day-on-day to $7,307 on Friday, after a solid gain that lifted the curve to weeks highs. Following the Capesize rally, the Baltic Dry Index (BDI) also surged further to …

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