Category archives: Products

Capesize rates plunge on thin market activity

Capesize freight rates were subdued toward the end of the week, following the selloff in paper markets and thin physical market. The Capesize 5 time charter average dropped by $1,785 day-on-day to $19,952 on Friday, as the physical market showed no signs of improvement. Due to weak freight market, the Baltic Dry Index (BDI) plunged …

Continue reading “Capesize rates plunge on thin market activity”

Iron Ore DCE January Daily Technical Review Oct 19th

Verdict – Short-term bearish. DCE iron ore tested high below 809.0 on Friday night session, however corrected deeply during Monday. From hourly chart, the rejection around 809.0 area indicated iron ore shift back to bearish territory. Iron ore potentially test 751.5, which was a three month low level. CCI rebounded from the lowest level last …

Continue reading “Iron Ore DCE January Daily Technical Review Oct 19th”

Daily Ferrous Physical Review Oct 19th

Ferrous Market –    Steelbank Inventory: construction steel inventories 6.73 million tonnes, down 7.94% w-o-w. HRC 6.38 million tonnes, down 4.83%. –    World Steel Association: 2o2o Global steel demand down 2.4% y-o-y to 1.725 billion tonnes. Year 2021 steel demand recovered to 1.795 billion tonnes, up 4.1% estimated. –    MySteel 45 ports iron ore inventories at …

Continue reading “Daily Ferrous Physical Review Oct 19th”

European Close 16-10-20

Is the market taking a rest, or is it bullish? This is the question that traders need to ask when looking at the iron ore. Four bearish days have been capped by two bullish days (one bullish and a push into the night session) with the futures up 1.6% at USD 116.76, this would suggest …

Continue reading “European Close 16-10-20”

Supramax & Handysize FFA Daily 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 …

Continue reading “Supramax & Handysize FFA Daily Report”

Oil Through the Looking Glass 16/10/20

*Oil Continues Negative Move on Covid Worries* New restrictions across the globe are being introduced as Covid-19 resurges and cases are increasing. This had led to renewed concerns about the outlook for economic growth and therefore the demand for oil and products. Reuters noted that top oil traders Vitol, Trafigura and Gunvor were seeing a …

Continue reading “Oil Through the Looking Glass 16/10/20”