Tag archives: FO

FIS Castaway Podcast – Episode 54 12/05/21

    FIS Castaway Podcast – Episode 54   Iron ore is at record highs, driven by insatiable domestic Chinese demand. So, we have renamed it IronCoin in honour of its meteoric rise from last year. Hear all about it and our usual freight and commodity markets on this week’s podcast.     Listen Below: …

Continue reading “FIS Castaway Podcast – Episode 54 12/05/21”

Fuel Oil Morning Report 12/05/21

U.S. West Texas Intermediate (WTI) crude futures rose 21 cents, or 0.3%, to $65.49 a barrel at 0013 GMT, adding to a 36 cent rise on Tuesday. Brent crude futures climbed 15 cents, or 0.2%, to $68.70 a barrel, adding to a 23 cent gain on Tuesday.   API Crude -2.533M Cushing -1.209M Gasoline +5.640M …

Continue reading “Fuel Oil Morning Report 12/05/21”

Daily Capesize Review 11/5/21

Capesize freight rates faced slight correction after recent paper rally, as the physical market failed to keep up with the market optimism. The Capesize 5 time charter average then dipped by $339 day-on-day to $42,031 on Tuesday, following a selloff in the trading session. The Baltic Dry Index (BDI) also inched up slightly by 0.43% …

Continue reading “Daily Capesize Review 11/5/21”

Daily DCE Review 11/5/21

Iron ore futures had toned down from yesterday record-high session, but still maintained the upward momentum on bullish steel demand. The futures of Dalian Commodity Exchange (DCE) for September delivery inched up by 1.67% on-day or RMB 21.50 to RMB 1,306.50/mt on Tuesday, much lower as compared to high 10% increase seen on previous day. …

Continue reading “Daily DCE Review 11/5/21”

Daily Capesize Review 10/5/21

Capesize freight rates rebounded on record high iron ore prices, which showed no signs of stopping due to the robust Chinese steel demand. The Capesize 5 time charter average then rose by $856 day-on-day to $41,514 on Monday, as market sentiment turned bullish with the meteoric rise of iron ore prices. The Baltic Dry Index …

Continue reading “Daily Capesize Review 10/5/21”

Morning Oil Report 11/5/21

U.S. West Texas Intermediate (WTI) crude futures fell 40 cents, or 0.6%, to $64.52 a barrel at 0247 GMT, after gaining 2 cents on Monday. Brent crude futures dropped 45 cents, or 0.7%, to $67.87 a barrel, after climbing 4 cents on Monday   Reports of the hacking of the Colonial pipeline ensured that oil …

Continue reading “Morning Oil Report 11/5/21”