Martin Shearman

Daily Trade Idea: 08/07/2024

1 min read
080724 Trade Idea

Long Sep/Oct 3.5 Barges :

Our trade idea is to long Sep/Oct 3.5 Barges.

Since 1st of July we have seen bullish movements with 3.5 Barge spreads, trading from $8/mt up to now currently trading at $11/mt.

We believe spreads will continue to be bullish as 2024 is set to be the world’s hottest year, meaning that HSFO in Europe may be in more demand for power generation to meet the increased cooling needs.

For brokerage services across the barrel and to receive our weekly trade ideas: insight@onyxcapitaladvisory.com

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