Tag archives: DF

Capesize rates slip into red from selloff

Capesize freight rates plunged after a selloff as market sentiment turned bearish with few fixtures done at lower rates. Thus, the Capesize 5 time charter average fell by RMB 1,402 day-on-day to $13,379 on Wednesday, as the 5TC index lost around 10% at one point before much stabilization later. The Baltic Dry Index (BDI) then …

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European Close

Upside price action is slowing down on the offshore futures in iron ore. The daily candlesticks are decreasing in size warning that momentum is slowing based on price . However, the trend remains bullish with the evening session trading up to USD 121.15. Steel production remains strong whilst exports are down 6 million tonnes on …

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FIS CASTAWAY – EPISODE 32

Join this week’s Election Special on Castaway as the team discuss the implications of a Biden Presidency, a Vaccine, and more on our commodity markets.     Website https://freightinvestorservices.com/blog/fis-castaway-eps-32-unprecedented-coverage-in-unprecedented-times/   Spotify https://open.spotify.com/episode/0Mr0kLung0jCaKA6bthcPN?si=3kIVEtI5RS-R54fQjPDw3Q   And Itunes  https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=239ed13a-c739-ef73-b126-1ba2480ae67d     Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis by Freight Investor (FIS) …

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Capesize rates take a breather from recent gains

Capesize freight rates suffered a dip as the bullish momentum flatten out with fewer fixtures being done at higher rates. The Capesize 5 time charter average dipped by RMB 67 day-on-day to $14,781 on Tuesday, as the market lost steam with concerns on the muted Atlantic basin. The Baltic Dry Index (BDI) then moved down …

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European Close

The Dalian Iron ore had given up its late gains overnight and closed unchanged on the day this morning.  The Doji star had indicated indecision in the market and warned we could potentially see some form of market pullback in the evening session. Price has held resulting in the offshore contract moving 1 dollar higher …

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Capesize rates rise on global market optimism

Capesize freight rates continued to rise due to market optimism over Covid-19 vaccines that improve shipping and oil demand. The Capesize 5 time charter average hiked up by RMB 427 day-on-day to $14,848 on Monday, as market sentiment improved. The Baltic Dry Index (BDI) also moved up by 0.92% or 11 points to 1,207 readings, …

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