*Physical scrap breaks the $280/t CFR barrier Physical scrap moved higher this week, with a handful of fixtures reported late last week and early this week. The most recent fixture included a Baltic based seller transacting an HMS 80:20 cargo at $283/t CFR. Furthermore, a Benelux based seller is reported to have transacted a 50:50 …
Tag archives: SS
Steel & Scrap Morning Report
FIS CASTAWAY – EPISODE 19
What is going on with this iron ore market? How come freight is flying again? Why is nothing moving on oil? Memes aside, join the team to discuss the week’s movements and idiosyncrasies. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242 Disclaimer: This podcast is a marketing communication and is not based upon …
Steel & Scrap Morning Report
Steel & Scrap Morning Report
Ship Shape – FIS Commodity Weekly 31/07/20
Ouch Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you didn’t come last in the 38,000-person London Marathon, you came second last. That kind of incredible fall is the reason for the huge drops in demand for …
Continue reading “Ship Shape – FIS Commodity Weekly 31/07/20”
Steel & Scrap Morning Report
Steel & Scrap Morning Report
FIS CASTAWAY – EPISODE 18
This week geopolitics takes centre stage as the team discuss escalating China-US tensions weighing on markets, along with outlining current market trends in all of FIS’s markets. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242 Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis …
Steel and Scrap News
*Physical scrap moves higher on increased fixtures prior to Turkish holiday Turkish scrap import prices continued to strengthen this week, amid strong finished product demand. A Baltic based seller recently transacted an HMS 80:20 and bonus scrap cargo at $271/t and $281/t CFR respectively, a $5 increase over where physical was trading last week. However, …