FIS API Blog
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Continue reading “Oil and Ore Intraday Morning Technical 3/9/20”
Capesize freight rates continued its correction phrases on thin market activities, especially among ship-operators. Thus, the Capesize 5 time charter average went down by $406 day-on-day to $17,638 on Wednesday, following a selloff that reduced spot premium. The Baltic Dry Index (BDI) then fell by 1.77% or 26 points day-on-day to 1,445 readings from weaker …
Continue reading “Capesize rates lower on thin shipping activities”
*Los Angeles Bunkers Volumes Fall for Fifth Straight Month in May* Deliveries of marine fuel into the west coast ports of Los Angeles and Long beach fell for the fifth consecutive month according to the port of Los Angeles in the S&P report. May volumes have printed at 1,210,370 down 12% on the month and …
Good morning all. Brent edged up 2 cents, or 0.05%, to $44.45 a barrel at 3:49 am GMT, while WTI futures were up 9 cents, or 0.22%, at $41.60 a barrel. Total products supplied, a proxy for demand, declined by more than 13% during the week ended on August 28 at 16.98 million b/d, …
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Capesize freight rates entered correction phrase despite decent shipping demand and high iron ore prices in the market. Thus, the Capesize 5 time charter average saw a slight correction of $350 day-on-day to $18,044 on Tuesday, after an aggressive selloff down the forward curve. The Baltic Dry Index (BDI) then fell by 1.14% or 17 …
Continue reading “Capesize rates slip despite decent shipping demand”
*Power Demand Pushes UAE August Oil Output Above OPEC+ Quota* Stay at home vacations have been the reason for why the UAE have exceeded their OPEC+ quota as there has been a greater demand for gas in power generation. The rate is around 2.693 million bpd, which is 100,000 above the quoted level for August …
Good morning all. WTI futures rose 34 cents to $43.10 as of 3:10 am GMT, while Brent futures rose 37 cents to $45.95 a barrel. Better-than-expected US manufacturing data also came a day after a private gauge of Chinese manufacturing activity. The headline ISM manufacturing index rose to 56.0, reflecting continued expansion for the US …
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 …
Capesize freight rates started to strengthen for the week with market concerns over port congestion in China, typhoon threats in the Far East and high iron ore prices. However, the firmer rates may reverse at any instance after the typhoon left with little shipping disruption to the East Asia region. In view of this weakness, …
Continue reading “Capesize rates firm over potential shipping disruption”
