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Tag archives: DF
Australia infections and Brazil production see iron ore surge
Iron ore futures surged above $121 on Wednesday on mounting supply concerns. Australian defence personnel are being deployed to Port Hedland to help contain the coronavirus outbreak after 17 of the 21 crew members of a cargo ship were tested positive, reigniting concerns over supply disruptions. Furthermore, exports from Brazil declined in the …
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Freight Intraday Morning Technical
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Capesize rates inch up on better post-Golden week demand outlook
Capesize freight rates spotted slight gain on better shipping outlook on the Pacific market and demand for Brazilian iron ores. Thus, the Capesize 5 time charter average then gained by $80 day-on-day to $23,813 on Tuesday, due to bullish market sentiment. Then, the Baltic Dry Index (BDI) rose by 0.24% or 4 points day-on-day to …
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Iron ore rises on potential Vale Viga shutdown
Iron ore futures rose above $116 on Tuesday as investors assessed potential impact after a Brazilian court ordered a shutdown of Vale’s operations at the Viga concentration plant; at the same time authorities in Australia are contending with a rising number of coronavirus cases. In a statement released by Vale, the Brazilian miner was …
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Freight Intraday Morning Technical
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 (KS): +1 813 …
FIS Iron Ore Weekly Ferrous Report
Money Movement and Macro Market The ferrous sector has started to correct after moves to control financial leverage of housing companies. This triggered some debt issues at Evergrande, one of the biggest housing companies, but the government also clarified and extend the deleveraging process to the 2023 (Bloomberg). Short-run stress finally reached an end on …
Capesize rates correct ahead of China’s holidays
Capesize freight rates softened as trading activities slowed down ahead of Golden Week holidays. The Capesize 5 time charter average then dropped by $445 day-on-day to $23,733 on Monday, due to the market cooldown. Then, the Baltic Dry Index (BDI) dipped by 0.78% or 13 points day-on-day to 1,654 readings due to the correction of …
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FIS Daily Ferrous Report
Iron ore futures ticked up above $114 on Monday amid growing profits for industrial companies in China, though subdued trading and thin volumes are expected this week ahead of China’s “golden week” holidays. According to data from the National Bureau of Statistics, profits at Chinese industrial enterprises rose for a fourth month, as the continued …
Capesize rates hike up amid markets’ profit-taking
Capesize freight rates paused for a breather from the bullish run as market participants proceeded with profit takings. Thus, the Capesize 5 time charter average surged by $1,337 day-on-day to $24,178 on Friday, amid the market cooldown. Then, the Baltic Dry Index (BDI) jumped by 3.86% or 62 points day-on-day to 1,667 readings on good …
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