FIS Technical – Brent July Daily The July futures are trading above the 8—21 period EMA’s and the USD 29.46 level. The upside move is now deep into the last bear wave, this means the technical phase is considered as neutral rather than bearish. To view the full reports please click on the link …
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Baltic Index
Baltic Index Route De scription Siz e (MT) Value ($ ) Change BCI timecharter average Weighted average of the 5 T/C routes 180000 6257 -535 BPI timecharter average Weighted average of the 5 T/C routes 82500 6228 -87 BSI timecharter average Weighted average of the 10 T/C routes 58328 4582 +6 BHSI timecharter average Weighted …
Supramax May 20 Morning Technical Comment – 240 Min
Supramax May 20 Morning Technical Comment – 240 Min
Capesize Index
Capesize Index C2 Tubarao to Rotterdam (long tons ) 160000 3.706 -0.050 C3 Tubarao to Qingdao 160000 or 170000 9.206 -0.304 C4 Richards Bay to Rotterdam 150000 3.910 -0.040 C5 Wes t Aus tralia to Qingdao 160000 or 170000 4.086 -0.150 C7 Bolivar to Rotterdam 150000 or 160000 4.605 -0.195 C8_14 Gibraltar/Hamburg trans atlantic round …
Conflicting Views on Iron Ore – Two Sides of the Fence
Conflicting Views on Iron Ore – Two Sides of the Fence Conflicting views in the Iron ore sector this morning with Citigroup calling for iron ore prices to fade to USD 70/ton as we approach May and seasonal weakness in China steel demand. The bank noted that the decline is taking longer than anticipated due …
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Capesize June 20 Morning Technical Comment – 240 Min
Capesize June 20 Morning Technical Comment – 240 Min
Panamax May 20 Morning Technical Comment – 240 Min
Panamax May 20 Morning Technical Comment – 240 Min
Brent June 20 Morning Technical Comment – 240 Min
Brent June 20 Morning Technical Comment – 240 Min
Historic Oil Output Cuts Give Boost to World’s Dirtiest Crudes
Historic Oil Output Cuts Give Boost to World’s Dirtiest Crudes (Bloomberg) — Heavier and more sulfurous oil is getting a price boost as production curbs by the OPEC+ alliance tighten the supply of what’s generally regarded as lower-quality crude. Abu Dhabi’s Upper Zakum, a grade with high sulfur content, is at the narrowest discount against …
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DCE rebounds over higher China’s infrastructure spending
Chinese futures rose on Wednesday despite some earlier losses at the start of the session. As such, the most-actively traded iron ore futures for September 2020 delivery on the Dalian Commodity Exchange (DCE) rose by 1.16% day-on-day to RMB 613 per tonne on Wednesday. Likewise, the steel rebar contract on the Shanghai Futures Exchange also …
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