BHP today reinforced expectations that the current strength in steel demand will extend into 2021. Earlier in the week it was a roundtable with Morgan Stanley and now UBS (Bloomberg). The reiterating of the message seems to be sinking in, with the December contract trading up to a new high of USD 127.64, whilst the …
Category archives: Fuel Oil
Fuel Oil Daily Evening Report
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Morning Oil Report 26/11/20
Good morning all, Brent futures were flat at $48.60 a barrel by 0730 GMT, after rising around 1.6% in the previous session, in which Brent Crude futures reached highs of $49.09 per barrel EIA Report Crude: -0,754 Cushing: -1,721 Distillate: -1,441 Gasoline: 2,179 Production: 100 ExxonMobil have released a revision of …
Capesize rates move higher on firm Pacific market
Capesize freight rates rose higher after a flurry of fixtures were being done in the Pacific market, lifting market sentiment after previous correction. The Capesize 5 time charter average then inched up by $190 day-on-day to $12,186 on Wednesday, due to significant gains at the physical market. The Baltic Dry Index (BDI) followed the rally …
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European Close 25/11/20
Iron ore Futures continue to trade sideways with the futures close the session in line with the previous two days. Futures prices remains supported after Fortescue metals Group COO reported the current market is strong, as steel production in China continues to grow (Bloomberg). Steel Margins are off 1% as DCE coking coal continues to …
Fuel Oil Daily Evening 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
FIS Castaway Podcast Episode 34
FIS Castaway Podcast – Episode 34 End-of-year-feeling in your markets? Longing to get away? Join the team as they wing it and discuss the new Baltic Exchange Air Freight Index on this week’s Castaway. Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-34-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/7r7JbKKTNmQpeixCtny9nY?si=r2XtU0CQQ5SBcuCyFAPnxA And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=06ee4a8d-2a0f-33eb-1f6b-831061b25ff1 Disclaimer: freightinvestorservices.com/castaway-disclaimer/
Capesize rates dip despite healthy demand from Pacific
Capesize freight rates dipped slightly despite market optimism over flurry of fixtures being done in the Pacific market. Thus, the Capesize 5 time charter average inched down by $25 day-on-day to $11,996 on Tuesday, as market pullback for a slight correction. The Baltic Dry Index (BDI) however, moved flattish and booked a slight gain of …
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Morning Oil Report 25/11/20
Brent crude was up 38 cents, or 0.8%, at $48.24 a barrel by 0616 GMT, having risen almost 4% in the previous session. WTI crude gained 27 cents, or 0.6%, to $45.18, after rising more than 4% on Tuesday. Levels are at the highest since March, where we entered 2020, in an already oversupplied oil …
Oil and Ore Intraday Morning Technical
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