FIS API Blog
Capesize freight rates continued to decline further due to aggressive selloff in paper market and bearish sentiment in the physical market. The Capesize 5 time charter average fell by $1,568 day-on-day to $21,737 on Thursday, as buyers retreated from the market, while sellers chased it lower. As such, the Baltic Dry Index (BDI) then fell …
Continue reading “Capesize rates drop on weak shipping fundamentals”
For iron ore, the bearish rhetoric is increasing as we continue to hear about global supply. The November futures have now seen four days of negative price action and this is getting buyers anxious, as the price must be justified when you are USD 40 above 5-year average values. USD 108.84 is the next logical …
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 …
Capesize freight rates headed down the curve, after another round of discounting in both basins, without much improvement in the physical market. The Capesize 5 time charter average fell by $2,192 day-on-day to $23,305 on Wednesday, due to bearish sentiment on the physical side. With freight rates dropping everywhere, the Baltic Dry Index (BDI) then …
Continue reading “Capesize rates slide on bearish physical market”
Sentiment is turning sour for the Iron Ore futures with continued downside selling pressure. Exports from Australia have held above 18 million tons for 3 consecutive weeks, following record flows in September from Port Hedland (Bloomberg). The November futures took the worst of the hit early in the night session with price trading down to …
Please click below to view the report Covid-free podcast. Don’t worry, we don’t mention the C word this week. Join Chris, Kerry and Tom as they discuss the movers and shakers in the freight and commodity markets. Website https://freightinvestorservices.com/blog/fis-castaway-eps-28-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/0Or1J28BVx3QpqCNoshu8D?si=0HRbKajpTseE7rBmegtslQ And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=ceed5e2e-6c21-838b-9e13-2573ebdd402b Disclaimer: This podcast is …
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 “Freight Intraday Morning Technical 14/10/20”
Capesize freight rates continued to be under pressure, following the thin activities in the physical market. The Capesize 5 time charter average dropped by $1,836 day-on-day to $25,497 on Tuesday, despite some market talks of another rally in Q4 as miners accelerated their ore exports by year-end. Due to the declining freight rates, the Baltic …
Continue reading “Capesize rates retreat on mixed market outlook”
A bit of a quandary for iron ore overnight. Iron ore futures had, as mentioned previously entered a corrective phase within a bull move. We asked the question whether China can keep consuming iron ore at this rate and if so, for how long. Well, apparently that question is hanging a little heavier than we …
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 “Freight Intraday Morning Technical 13/10/20”
