Tag archives: DF

European Close 13/11/20

Iron ore bulls will have been happy with how the week was going before it wrapped. Prices were firm with an expectation that we could see another round of buying before the winter season started. This all changed 28 minutes before the closing bell, with price stalling below the CNY 850 resistance, leaving the market …

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Capesize rates correct again on low shipping activities

Capesize freight rates dipped for slight correction as the physical market continued to soften on scant shipping activities. The Capesize 5 time charter average fell by RMB 525 day-on-day to $12,854 on Thursday, as freight rates came under pressure on bearish market sentiment. The Baltic Dry Index (BDI) then dropped by 1.49% or 17 points …

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Capesize rates slip into red from selloff

Capesize freight rates plunged after a selloff as market sentiment turned bearish with few fixtures done at lower rates. Thus, the Capesize 5 time charter average fell by RMB 1,402 day-on-day to $13,379 on Wednesday, as the 5TC index lost around 10% at one point before much stabilization later. The Baltic Dry Index (BDI) then …

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European Close

Upside price action is slowing down on the offshore futures in iron ore. The daily candlesticks are decreasing in size warning that momentum is slowing based on price . However, the trend remains bullish with the evening session trading up to USD 121.15. Steel production remains strong whilst exports are down 6 million tonnes on …

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FIS CASTAWAY – EPISODE 32

Join this week’s Election Special on Castaway as the team discuss the implications of a Biden Presidency, a Vaccine, and more on our commodity markets.     Website https://freightinvestorservices.com/blog/fis-castaway-eps-32-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/0Mr0kLung0jCaKA6bthcPN?si=3kIVEtI5RS-R54fQjPDw3Q   And Itunes  https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=239ed13a-c739-ef73-b126-1ba2480ae67d     Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis by Freight Investor (FIS) …

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Capesize rates take a breather from recent gains

Capesize freight rates suffered a dip as the bullish momentum flatten out with fewer fixtures being done at higher rates. The Capesize 5 time charter average dipped by RMB 67 day-on-day to $14,781 on Tuesday, as the market lost steam with concerns on the muted Atlantic basin. The Baltic Dry Index (BDI) then moved down …

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