FIS API Blog
China’s industrial output increased in April for the first time since the coronavirus outbreak, adding to early signs of a recovery that economists cautioned would be slow and challenging. Industrial output rose 3.9% from a year earlier, reversing a drop of 1.1% in March, data showed Friday. Fixed-asset investment decreased 10.3% in the first four …
Continue reading “China’s Industrial Economy Improves While Consumers Remain Wary”
Capesize freight rate reached another low due to bearish market sentiment in both the Pacific and Atlantic basins. The Capesize 5 time charter average dived down further toward the $2,000 level on Wednesday, at $2,082, down $811 on-day. The lengthy ballaster tonnage list remained hard for the market to digest, which prompt some shipowners to …
Continue reading “Another low for Capesize rates due to long ballaster list”
It was another ugly day for the Capesize market as rates continued to deteriorate from oversupply of vessels and low shipping demand. The Capesize 5 time charter average plunged further by $949 on-day to $2,893 on Tuesday, due to sell off on the paper market. With the massive sell off, the market sentiment has become …
Recovery Quickens as PBOC Vows Support Chinese industrial commodities began the week on the front foot after the central bank pledged more powerful policies to combat the coronavirus’s hammer blow to growth. The evidence of the past few days, from shrinking crude and metals stockpiles, to the rebound in car sales and usage, suggest that …
Unexpected Gain in Chinese Exports Is Seen as Temporary China’s exports unexpectedly rose in April aided by stronger shipments to South East Asia, though with the coronavirus pandemic damaging global demand that increase is likely to be temporary. Imports fell. Exports rose 3.5% in dollar terms in April from a year earlier, while imports dropped …
Continue reading “Unexpected Gain in Chinese Exports Is Seen as Temporary”
Capesize paper market went downhill on lower trading activities over bearish market outlook and falling crude prices. Trade participants were concerned over the sharp plunge in crude prices and its impact on bunkers and freight rates. As such, Capesize 5 time charter average went down by $525 to $9,556 on Tuesday, after a sharp sell …
Continue reading “Capesize under pressure from crude sell off”
Capesize paper market continued to run out of the steam and fell for the third consecutive day amid bearish market sentiments. Thus, Capesize 5 time charter average dropped y by $394 day-on-day to $8,531 on Thursday, after it came under pressure in morning session that set the tone for the rest of trading day. The …
Continue reading “Capesize in retreat despite higher bunker prices”
Capesize paper market traded on narrow range as trade participants were concerned over several holidays in Far East in coming days. Thus, the Capesize 5 time charter average dropped by $150 day-on-day to $8,381 on Friday, as liquidity dried up ahead of the many holidays in Asia that limited shipping activities. Some Capesize demand had …
Capesize paper market continued the downside with lower physical fixtures in view of coming May Labour holidays across countries. Due to lack of physical trading, the Capesize 5 time charter average dropped by $89 to $8,292 on Monday. Thus, many trade participants were expecting a sluggish week ahead of the many holidays in coming days. …
Continue reading “Capesize under pressure from low physical fixtures”
Capesize paper market slid to downward trend on limited activities ahead of the May Labor holidays. Thus, the Capesize 5 time charter average went down by $120 to $8,172 with impending holidays in the Asia, such as China and Japan enjoying their Golden week holidays soon. Minning majors like Rio Tinto and FMG were still …
Continue reading “Capesize mutes ahead impending May holidays”
