Tag archives: DF
Capesize rate slides toward $20,000 level on supply glut
Capesize rates continued its downward slide toward the $20,000 level due to the supply glut in the market. The Capesize 5 time charter average fell by $2,515 day-on-day to $20,120 on Wednesday, as trading came to stalemate and slowed in final two hours before the afternoon closing. The Baltic Dry Index (BDI) then slipped by …
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FIS Castaway Podcast Episode 17
Nervous you don’t know enough about Air Freight Futures? Surely you can’t be serious…. Tune in to this week’s episode of FIS Castaway to learn more on AFFAs, and get the usual commodity market analysis from the FIS team. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242 Disclaimer: freightinvestorservices.com/castaway-disclaimer/
FIS Singapore Iron Ore Derivatives Report 22/07/2020
Iron ore futures slumped on Wednesday morning in London on fresh concerns over rising US-China tensions after US forced the closure of the Chinese Consulate at Houston. Iron ore futures initially held firm, with Aug hovering around mid-108 despite China’s Ministry of Industry and Information Technology warned on Tuesday that current iron ore prices …
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Freight Intraday Morning Technical
Capesize rates drag down by high tonnage list
Capesize rates spiraled downward due to high tonnage list that resulted weakness in the Pacific market. As such, the Capesize 5 time charter average dropped further by $1,834 day-on-day to $22,635 on Tuesday, after a steep sell off down the curve during late afternoon session. Following the decline, the Baltic Dry Index (BDI) slipped by …
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Capesize rates dip on subdued markets
Capesize rates reversed into losses after sluggish start to the week with little shipping activities. Thus, the Capesize 5 time charter average dropped by $616 day-on-day to $24,469 on Monday, due to the subdued Pacific and Atlantic market. The Baltic Dry Index (BDI) then followed the dip and slipped by 1.87% day-on-day to 1,678 readings …
Freight Intraday Morning Technical
Freight Intraday Morning Technical
Capesize rebounds upon market optimism
Capesize rates ended its losing streaks and booked slight gains with improvement of shipping demands in both basins. The Capesize 5 time charter average went up $252 day-on-day to $24,639 on Thursday, as the Australian miners returned to the spot market. Given the Capesize uptick, the Baltic Dry Index (BDI) inched up slightly by 0.18% …