MID-SHIP Petcoke Report – Oct 1, 2024

October 1, 2024

Market overview:
We start the week on a quiet note with the North American market returning to work after last week’s ASBA gathering in Miami, the east coast assesses the damage from Hurricane Helene’s severe flooding and power outages and the potential for a walk out tonight at midnight by the union representing dock workers ( International Longshoreman’s Association), whose strike could shut down ports along the east and gulf coasts (Maine to Texas) and potentially affecting about half of the nation’s ocean imports. The current contract expires at midnight tonight.

Broker team estimates and Historical Data:
Please refer to the below chart, which illustrates our broker team estimates for commodity specific trade lanes and the historical range they have traded in the past year.

Market Outlook:
Positional volatility remains the name of the game as supply and demand is balanced, and rates for now trade within a narrow range in all segments.

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