Freight Up! Fuel oil, iron ore, steel and other commodity insights from Freight Investor Services Iron ore and fuel oil rallies: Chinese Premier Li's words have impact on prices!
Unforeseen winds of change swept through the freight industry as iron ore prices soared, driven by the unwavering commitment of China's Premier Li to bolster domestic demand.
Freight industry traders and professionals!
Brace yourselves for a rollercoaster ride.
This unexpected twist in the market will challenge conventional strategies, forcing you to question the status quo.
Will you adapt and seize the opportunity to redefine your path?
Or will you remain rooted in the familiar, unaware of the untapped potential that awaits?
Make sure you listen to this new episode of "Freight Up" from FIS to get all the insight you need to make your decision!
"For them all to be rallying, it shows some good health in the fuel market" - Archie Smith
Hi, I'm Fernanda, host of the Frieght Up podcast!
Archie Smith and James Robinson join me to discuss the current market trends in fuel oil and iron ore.
Archie dives into the rally in fuel oil cracks, particularly in high sulphur fuel oil, which he attributes to movements in the East, with our friends in China.
He also highlights the tightening gap between the cracks.
James talks us through the significant rally in iron ore prices, also driven by Chinese commitments to demand.
Timestamped summary of this episode:
00:00:00 - Introduction 00:00:29 - Fuel Oil Update 00:05:52 - Iron Ore Update