FIS API Blog
Capesize freight rates closed lower after the selloff in early session especially for the August and September contracts, while the Q4 contract held firm. Thus, the Capesize 5 time charter average went down by $652 day-on-day to $17,918 on Friday, to end the week on corrections for freight rates. The Baltic Dry Index (BDI) then …
Continue reading “Capesize rates dip on a week of corrections”
Capesize freight rates continued to slide despite a flurry of fixtures done by Brazilian miner over a short span of days. The Capesize 5 time charter average went down by $898 day-on-day to $18,570 on Thursday, despite bullish sentiment over the Brazil to China route. The Baltic Dry Index (BDI) then dropped by 3.19 % …
Continue reading “Capesize rates slide on selling pressure amid Vale’s fixing spree”
It was another softening day for the Capesize paper market despite robust steel demand in China that led iron ore prices to rise to a six-year high. The Capesize 5 time charter average went down by $225 day-on-day to $19,468 on Wednesday, despite another round of fixing spree by Brazil’s Vale for the Brazil to …
Continue reading “Capesize rates weaken despite record-high iron ore prices”
Capesize rates slipped on low volumes despite a flurry of physical fixture done over the key Brazil to China route. Thus, the Capesize 5 time charter average went down by $207 day-on-day to $19,693 on Tuesday, after the paper market failed to move into positive territory from increase of miner’s fixtures. Then, the Baltic Dry …
It was another short trading week for the Capesize market in view of the South Korean public holidays. Thus, the Capesize 5 time charter average slipped down slightly by $16 day-on-day to $19,900 on Monday, as the paper traded at very narrow range with thin volumes. Despite the flattish Capesize market, the Baltic Dry Index …
Capesize rates ended lower in the short trading week due to public holidays in Singapore and in Greece. Most of the market participants were waiting for clearer market direction amid the mixed market outlook and thin liquidity. Nevertheless, the Baltic Dry Index (BDI) continued its upward movement with small gains of 1.14% or 18 points …
Continue reading “Capesize trades lower on market inactivity”
Soy Castaway Podcast. Join us for our 20th edition, where we are joined by Chris Pardey our agriculture expert (outstanding in his field) as he joins in our panel discussion about freight and commodity markets. Available now on the FIS website (https://freightinvestorservices.com/blog/fis-castaway-eps-20-unprecedented-coverage-in-unprecedented-times/ ) Spotify https://open.spotify.com/episode/5zq56HOVC5DRP6gPBw5AA5?si=OrkWqJAvTCymSwG-vKBfvQ And Apple https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=80b302ce-68c9-9fe7-0f6e-774d50501338
Capesize rates firmed on better market sentiments with freight rates getting some support from the port congestion situation in China. Thus, the Capesize 5 time charter average inched up by $135 day-on-day to $19,339 on Wednesday, with a late rally in Sep and Q4 contracts that added to bullish market tone. Thus, the Baltic Dry …
Continue reading “Capesize rates getting support from port congestion”
Capesize rates continued to move at downtrend manner amid the short trading week with muted physical activities. The Capesize 5 time charter average then dropped by $493 day-on-day to $19,204 on Tuesday, despite some showing some strength at late afternoon session. The Baltic Dry Index (BDI) still reflected some strength in the dry bulk market …
Continue reading “Capesize rates move slowly amid thin market activities”
Capesize rates slipped on the short week, with public holidays in Singapore and Greece that affected shipping activities. The Capesize 5 time charter average thus dipped by $215 day-on-day to $19,697 on Monday, in view of lacklustre physical market. Despite the weakness of Capesize, the Baltic Dry Index (BDI) gained slightly by 0.33% day-on-day to …
Continue reading “Slow start to Capesize in view of holidays”
