Capesize rates reached another new height again and broke the $20,000 level amid the freight rally. Thus, the Capesize 5 time charter average increased by $6,244 day-on-day to $25,280 on Thursday, another year-high rates, even after a selloff by trade participants for profit-taking. Supported by robust Capesize market, the Baltic Dry Index (BDI) achieved the …
Tag archives: CS
ShipShape: The Long and Winding Road
It is one of the best-known Beatles songs from their final studio album Let It Be, but it also encapsulates perfectly the challenge many commodity markets face as they begin to recover from the enormous disruption of Coronavirus. The pandemic has impacted every metric you can think of: quantitative easing, government debt, unemployment, share …
Capesize rates chase for new height
Capesize rates continued to chase new height for the year, buoyed by the strong shipping and iron ore demand. The Capesize 5 time charter average rose by $4,250 day-on-day to $19,036 on Wednesday, another year-high as the paper market saw over 8,000 lots change hands by the close of trading day. Likewise, the Baltic Dry …
Capesize July 20 Morning Technical Comment – 240 Min
FIS Technical – DCE Iron Ore Sep 20 Testing Trend Support
FIS Technical – DCE Iron Ore Sep 20 Testing Trend Support To view the full report please click on the link
Capesize July 20 Morning Technical Comment – 240 Min
Capesize surges to year-high level on strong iron ore demand
Capesize rates hit a record high for the year as strong iron ore demand continue to support shipping demand. The Capesize 5 time charter average reached $14,786 on Tuesday, the highest level in the year and up $1,489 at day-on-day basis. Buoyed by the robust Capesize market, the Baltic Dry Index shot up beyond the …
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FIS Capesize Technical Report
FIS Capesize Technical Report On the last report we noted that if the RSI went through the 62—64 resistance level the index had a greater chance of going on a run. This has been the case with the index moving 100% higher. To view the full report please click on the link
Capesize July 20 Morning Technical Comment – 240 Min
Capesize moves up despite slight cooldown
Capesize rates moved up again on bullish market sentiments for both the Pacific and Atlantic basins. The Capesize 5 time charter average rose by $887 to $13,297 on Monday, reaching new highs for the prompt, while testing the recent highs on Q4 and Cal 21. The Baltic Dry Index also increased by 5.42% to 973 …
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