Iron Ore's surge, container futures, and the financial report typo that cause a crude spike
Freight Up! Fuel oil, iron ore, steel and other commodity insights from Freight Investor Services
The Volatility of the Low Sulfur Cracks
The low sulfur cracks have really been chopping about gapping 15.20 per trade. The physical market did see some green shoes with the C3 to brow ching down our or route pushing back just above that $20 mark. China imported an extra 100 million tons more coal in the first half this year than they did last year at the same time. But all of this has not been enough to offset the vastly improved efficiency at ports, especially Chinese ports.
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