Capesize

17950

Sep-17
0.00 0.00%

Panamax

11175

Sep-17
225.00 2.05%

Iron Ore

76.5

Sep-17
0.85 1.12%

Sing 380

278.25

Oct-17

Coking Coal

208

Sep-17
0.00 0.00%

Nola Urea

212.5

Sep-17
0.00 0.00%

OPEC quota programme set to support fuel oil prices

There is scope for increased weakening of the crack, but with OPEC seemingly intent on keeping their supply ‘cut’ further into 2018, do not expect a flooding of heavier crude into the market soon, which will support the crack, and therefore fuel oil, at this higher level.

China fights for clear blue skies

Chinese authorities have taken their fight for cleaner air in cities up a notch. A 50% cut in sintering fines and pelletizing will affect around 20 million tonnes of steel or 7.5% of China’s national annual output. The authorities have engaged another round of plant inspections in Beijing, Tianjin and 26 other cities enforcing more stringent emissions guidelines among mills.

Dry Bulk Derivatives – 2017 Mid-Year Report

Iron Ore continues to attract strong trading and open interest | Steel producers switching to HRB may find current profit levels unsustainable | Coking Coal sees returning profitability despite high stockpiles | Scrapping has fallen and newbuildings risen but the Freight market has potential to find support.

Dry Bulk FFA market - Charging back with a vengeance

After a wild bear chase last week, the bulls came charging back to drive freight rates back up again toward the 1,000 points level on Baltic Dry Index (BDI). Spearheading the bull charge were Capesize rates which totally reversed course from last week’s bearish tone into a dash forward this week.

FIS Market Review: Steel margins lift the mood

Sitting on margins of RMB 800-1,000/mt from steel making, China's steel mills have a decent amount of purchasing power to import raw materials.

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