FIS API Blog
Capesize rates ended lower in the short trading week due to public holidays in Singapore and in Greece. Most of the market participants were waiting for clearer market direction amid the mixed market outlook and thin liquidity. Nevertheless, the Baltic Dry Index (BDI) continued its upward movement with small gains of 1.14% or 18 points …
Continue reading “Capesize trades lower on market inactivity”
Iron ore futures closed on slight gains after opening lower in the morning session for the start of the week. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose slightly by 0.36% or RMB 3.00 day-on-day to RMB 834.50 per tonne on Monday. In the meantime, the steel rebar …
Continue reading “DCE books small gain amid easing rebar prices”
Good morning all. Brent futures rose 30 cents, or 0.7%, to $45.10/b by 4:10 am GMT, while futures were up 34 cents, or 0.8%, to $42.35 a barrel. A delay in the meeting between US and China, which was to occur over the weekend, to review its trade agreement did not dampen investors’ sentiment …
Click below link for the Evening Oil Report https://freightinvestorservices.com/wp-content/uploads/2020/08/140820Fuel-Oil-Swap-Daily-Report.pdf For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
*Tanker Traffic As mentioned around the turn of the month after suffering the worst rainfall in 100 years, Chinese ports are still flooded, but now with over 40 VLCCs. The current figure stands at 83 tankers in waiting, though peaked early last week at 91, with a 2019-built 320dwt siting in Qingdao for two months. …
The Quiet Before the Storm As thunder and lightning rages around the British Isles, you can’t help but draw a parallel with global markets. As we come towards the end of summer, having had what little respite we have been allowed with lockdown measures, the low activity and pause for many markets may now …
Continue reading “Ship Shape – FIS Commodity Weekly 14/8/20”
Brent futures were up 14 cents/b, or 0.3%, at $45.10/b by 5:50 am GMT, while WTI futures were up 11 cents/b, or 0.3%, at $42.35/b. Prices have been bolstered this week by EIA data released on August 12 reporting a 4.51 million-barrel draw in US commercial crude inventories, exceeding market expectations for the third …
