-
![]()
Freight market rebound after long holidays
The freight market rebounded on higher iron ore prices and recovered from the long holidays in Singapore and devastating typhoon off China’s coast.
-
![]()
Welcome back, Singapore, you missed nothing
Welcome back to Singapore and all those who have also adhered to the Singaporean holiday regime, We hope you had a good day off. If you have been off, we can reliably inform you that you have missed absolutely nothing.
-
![]()
FIS Iron Ore and Steel Market Update
MySteel Iron Ore Delivery Aug 5- 11th: Australia and Brazil delivered 23.84 million tonnes of iron ore, up 668,000 tonnes w-o-w. Australia delivery to China up 169,000 tonnes. Rio delivery to China up 389.000 tonnes, BHP delivery to China up 517,000 tonnes. FMG delivery to China down 47,900 tonnes. Brazil delivery to China 7.22 million tonnes,…
-
![]()
Freight rates plunges on sharp Yuan depreciation
The Baltic Dry Index (BDI) lowered to 1,712 reading on Wednesday, down 22 points or 1.27% on-day, due to market uncertainty over the sharp depreciation of Chinese Yuan.
-
![]()
FIS Technical – Capesize
The Index is technically corrective with the RSI just above the 50 line. USD 21,692 is the first Fibonacci support alongside the 55 period MA making this a key level. Brent is weak but looking technically oversold having rallied 2.72% from the market close last night suggesting the market could be willing to support these…
-
![]()
DCE positions ‘evaporate’ as slide continues
DCE iron ore has evaporated 18% of positions from July 19th. Market money is taking gains in the mid-term. The intra-day market is split into two parts – before the break, the market was consolidating with less interests. However new sellers aggressively entered the market when we saw positions built. From daily chart, slow KD…
-
![]()
‘Thank you for your email…’
Oil is down, just when people can quite legitimately use going on holiday as an excuse not to take any position on oil.
-
![]()
That was the week that week that was
Brent crude futures slumped more than 7% on Thursday, their steepest drop in more than three years. U.S. WTI crude futures fell nearly 8%, posting its worst day in more than four years.
-
![]()
FIS Technical – Capesize
The Capesize Index is currently in a corrective phase but remains above the 21 period EMA. Price action remains above the USD 25,822 support at this point, however a close below this level would create a fresh market low suggesting further downside continuation. To view the full report please click on the link
-
![]()
‘No ifs or buts’ for BDI
Baltic Dry Index achieved a five year high on Monday with the reading of 2,191 at its peak.
