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Tangshang billet gains see Rebar, IOS move higher
With Tangshan billet up 40 over the weekend and a further 40 this morning, it was no surprise to see Rebar gap higher from the open and continue to rise for the remainder of the day.
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Oil up but only technically
Oil closed up Friday but honestly we’re not sure anybody knows why. Sanctions have somewhat offset the trade war, but the only explanation is from the other side of the futures market.
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Dry bulk FFA market: Freight market takes a Coffee break
After weeks of spectacular hikes, the freight market has bowed down to the law of gravity and seen corrections across rates. This downhill movement was captured in the Baltic Dry Index (BDI) which reached 1,694 points on Thursday, 9 Aug 2018, after the peak of 1,773 reading seen on Monday, 6 Aug 2018.
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Dry Bulk FFA market: Happy Days are here again
The freight market continues to enjoy the summer hot weather with the Baltic Dry Index (BDI) surging toward a multi-year high.
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Dry bulk FFA market: Baltic Dry Index rises to 7-months high
The Baltic Dry Index (BDI) has seen strong movements throughout the week and rose to a 7-months high at 1,774 reading on Tuesday. Previously, the index reached that level back in mid-December 2017 at 1,743 and the surging BDI owed its bull run to the improvement of big ships’ freight rates such as the Capesizes…
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New grain routes: back to the future for FFAs
Anyone who has been trading the FFA market since its beginning will remember that grain routes were critical to the development of early liquidity and volumes.
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Dry bulk FFA market: Big ships ride high
After the final whistle was blown on the World Cup tournament, the Capesize market seemed to morph into an on-form goal scorer with sights set to cross the $25,000-mark in the Capesize 5 time charter average rates.
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2020: Papering over the cracks
In the last of our series of articles on the 2020 sulphur cap, FIS looks at developments in the paper market with respect to the low sulphur fuel switchover and assesses the hedging options available to end users.
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Over the cliff or over the hill?
There are cliff edge falls and then there’s the continued tumbling down a steep hill that the Brent market has experienced this past week.
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It’s war (maybe)
The oil market will be keeping a close eye on any talk of increased oil production that may flow out of the sidelines of the Trump-Putin meeting.
