FIS API Blog
Capesize freight rates rebounded from the slump on bullish sentiments with a wave of buying activities for November contracts. The Capesize 5 time charter average rose by $1,386 day-on-day to $17,151 on Thursday, thanks to flurry of purchases in the earlier session, then followed by selling pressures from some profit-takers near the closing session. The …
Continue reading “Capesize rates hike up on better shipping fundamentals”
Brent crude was down 1 cent at $42.45 a barrel by 0413 GMT having risen 1.7% on Thursday, while WTI was 3 cents lower at $40.61, following a 1.5% gain in the previous session. Both contracts are heading for their first weekly loss in three. Factors such as increasing Libyan supply and rising Coronavirus cases …
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): +1 813 490 6630
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): +1 813 490 6630
It’s all Chinese to us! As most markets take a breather, Chris, Tom and Kerry talk about the future potential of China to sustain markets, as well as an update on our main commodity markets. Website https://freightinvestorservices.com/blog/fis-castaway-eps-29-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/5zqzn4QdhKX9j2q21ZaUE6?si=rcDDV2MdRf-CQBhmUVL15Q And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=78b8b1a4-0ce3-6e32-da73-5b90c0bca5ba Disclaimer: This podcast is a marketing communication …
*Oil Prices Slip as U.S. Inventory Build Stokes Fears of Supply Glut* API reports from yesterday reported of crude builds in the week leading up to 16th October, with the figure around 584,000 barrels taking stocks to around 490.6 million. This news prompted the oil to slip on Tuesday with investors nervy on the pace …
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): +1 813 490 6630
Capesize freight rates flattened out and rebounded from previous slump with much improvement in the paper and physical markets. The Capesize 5 time charter average rebounded slightly by $30 day-on-day to $17,151 on Wednesday, due to plenty of buying interests that pushed up rates. The Baltic Dry Index (BDI) then was almost flattish and dipped …
Continue reading “Capesize rates rebound on improving sentiment”
Brent crude futures retreated 22 cents, or 0.5%, to $41.51 a barrel at 0328 GMT after sliding 3.3% on Wednesday. WTI crude futures fell 26 cents, or 0.7%, to $39.77 a barrel, after dropping 4% on Wednesday. The falling prices could be attributed to the worse than expected data from the EIA on Wednesday, with …
Iron ore flows are strong, suggesting we are looking at an upside countertrend move, unless we see more construction projects announced in China or a stimulus deal agreed in the U.S. We noted that after the last podium performance with Trump and Biden this seemed unlikely. Today Nancy Pelosi announced she was hopeful …
