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Tag archives: DF
Capesize rates drop on low market confidence
Capesize freight rates came under pressure on bearish market sentiment and oversupplied shipping market. The Capesize 5 time charter average then dropped by RMB 754 day-on-day to $14,691 on Wednesday, following the selling pressure in the market. The Baltic Dry Index (BDI) then slipped by 3.09% or 39 points to 1,224 readings on weaker Capesize …
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European close 04/11/20
A bit of a damp squib for iron ore today. Expectations that we may see some form of breakout have been put to bed with the futures failing to the upside and holding the downside. U.S elections are not that interesting after all! It may not be a case of stick or bust but …
Ferts in Focus 04/11/2020
UK government considers potential ban on all urea fertiliser In a bid to keep in line with targets to reduce ammonia emissions by 8% of 2005 levels by 2020, and 16% by 2030, the UK government announced on Tuesday that it is considering action on the use of nitrogen fertilisers. “A complete ban on urea use …
Capesize rates falls after short market rebound
Capesize freight rates plunged again after the recent rebound as bearish sentiment took over the freight market. The Capesize 5 time charter average then dropped by RMB 270 day-on-day to $15,445 on Tuesday, following a negative index. The Baltic Dry Index (BDI) also came under pressure and dropped by 1.64% or 21 points to 1,263 …
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European Close 3/11/20
Strong PMI figures in China have not filtered through to the DCE iron ore with price remaining below the RMB 806 level. A positive night session has seen the futures move RMB 8 higher, USD 1.18 for the Nov futures (+1.1%). Potentially this is nothing more than day traders positioning themselves for a potential change …
Freight Intraday Morning Technical
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Capesize rates rebound on better market sentiment
Capesize freight rates rebounded on improving trade sentiment that the market had bottomed out. The Capesize 5 time charter average then rose RMB 165 day-on-day to $15,715 on Monday, as paper market came under pressure at the start before firming later. The Baltic Dry Index (BDI) remained flattish and rose slightly by 0.08% or 1 …
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Freight Intraday Morning Technical 02/11/20
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 (KS): +1 813 490 6630
Capesize rates to bottom out from slump
Capesize freight rates dipped slightly on limited shipping activities and market expectation that it might bottom out after the recent slump. Thus, the Capesize 5 time charter average then fell modestly by RMB 231 day-on-day to $15,550 on Friday, as the physical market seemed to find a floor, while the paper market braced for …