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 …
Tag archives: FO
Fuel Oil Daily Evening Report
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Morning Oil Report 21/10/20
Brent crude futures dropped 32 cents, or 0.8%, to $42.30 a barrel by 0418 GMT, after falling 31 cents on Monday. WTI futures fell 26 cents, or 0.6%, to $40.57 a barrel, after losing 5 cents on Monday. Oil steadied yesterday as hopes of a vaccine were nearing which would potentially ease some lockdowns, …
Capesize rates slide despite improving paper market
Capesize freight rates continued the downward slide despite some improvement in the paper market. The Capesize 5 time charter average then fell by $1,281 day-on-day to $17,121 on Tuesday, but managed to send some positive signals to shipowners due to the improving paper market. However, the physical market remained weak and dragged down the Baltic …
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European Close 20/10/20
Iron ore is making hard work of its upside push at this point with DCE futures finishing the night session up CNY 6.5 at 692. The offshore came under pressure whilst the DCE was closed with the night session leaving the futures basically unchanged from the previous day’s close. Rhetoric for iron ore bulls …
Fuel Oil Daily Evening Report
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
Oil Through the Looking Glass 20/10/20
*Fuel Spreads Move Further into Backwardation* Both HSFO and VLSFO fuel oil futures have moved further into backwardation on front month spreads, as demand returns, and supply holds steady. News that there were potential supply shortages in China of VLSFO fuel were echoing through the market and helped lift front Sing 0.5% spreads up to …
Ship Shape: The Good, The Bad, and The Ugly
As we enter the second half of October, with the darker evenings drawing in, minds will be focusing in on the end of the year and the start to another. It leaves us asking questions about where we are, what might happen and who that’s good or bad for. Or in the style of the …
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Capesize rates under pressure from selloff
Capesize freight rates came under pressure in both basins with more selloffs in the paper market amid the soft physical market. The Capesize 5 time charter average dropped by $1,550 day-on-day to $18,402 on Monday, as the FFA touched new lows in the morning session of $15,950 for Nov contract, then $15,000 for Dec contract …
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Oil and Ore 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 …