SIMON SAYS: Is flat price trading a thing of the past?

Submitted by Simon Hill on Thu, 06/13/2019 - 16:52

There’s nothing like an incident to spark price movement. Thursday morning’s suspected attack near the entrance to the Persian Gulf have stoked, not only fears of a military confrontation between the U.S. and Iran, but also the oil price, up as high as 4.5% on early trades. This just seems a few hours after all the talk was about oil prices sinking 4% on the back of faltering demand.

SIMON SAYS: The Shipowner, the Shipyard and all the rest!

Submitted by Simon Hill on Wed, 06/12/2019 - 16:00

I have something of a fixation currently, some may even say an obsession, as to whether there will be enough LPG ships in the market by the time we win the 2022 Qatar World Cup…come on England! I want to explore this again today, but I will be looking more at the shipbuilding end of the equation.

SIMON SAYS: A lot more natgas, just a little more crude oil, and plenty of LPG

Submitted by Simon Hill on Tue, 06/11/2019 - 17:11

Yesterday we explored the near-term developments that are more than likely to throw out new LPGs. These we can predict with a greater degree of certainty, than those further out in time. A lot can happen in the next five years, as a trader I’m always skeptical, more interested in months rather than years ahead.

SIMON SAYS: World LPG Production Assessment

Submitted by Simon Hill on Mon, 06/10/2019 - 16:50

So far this year there’s been a whole lot of hullabaloo over future U.S. LPG production growth. New fields, new pipelines, new fractionators, new export upgrades, may be even new terminals. You would think the rest of the world had gone napping! Judge for yourself, there seems a lot going on in various parts of the world, and it’s going to add more LPG to the international stage by 2025.

SIMON SAYS: US Butanes -- Will They Lose Their Glitz?

Submitted by Simon Hill on Sun, 06/09/2019 - 16:51

Nearly all contracts I’ve seen for LPG exports out of the U.S. Gulf are written as propane loadings, with a normal butane option, but only if declared by a certain date, and then limited to half the cargo. So, has butane been demoted to the role of “second-class” citizen in the relentless growth of U.S. LPG exports?

SIMON SAYS: Can Turkey’s LPG market grow, especially paying Sonatrach prices?

Submitted by Simon Hill on Thu, 06/06/2019 - 16:25

Whenever I go to a conference these days there’s always somebody talking about Propane Dehydrogenation (PDH). I think I might have already done the PDH blog last week! But back in my early days we all were talking about Autogas, LPG as a motor fuel. This was going to be the next big thing. So, I thought I might revisit it again, but maybe link it to what’s happening in Turkey.

SIMON SAYS: Having Twenty Twenty vision meant we could see ahead!

Submitted by Simon Hill on Tue, 06/04/2019 - 18:02

I would like to say pre-IMO 2020 negotiations are in stalemate, but I’ve got this feeling we are in a kind of void. By the way, I’m not talking about what happens generally with IMO in less than 6 months’ time, I’m talking what’s happening, or not happening, with time-charter negotiations.

SIMON SAYS: Brazil at saturation point!

Submitted by Simon Hill on Mon, 06/03/2019 - 20:22

Although my main interest is to show the macro side of our business in the SIMON SAYS BLOG, now and then I like to keep you appraised of what individual countries are doing. After seeing Brazil’s goalkeeper Allison, you just have to love Brazilian names, performing brilliantly in the dull European Champions League football Final in Madrid on Saturday (soccer to those across the pond), it had to be Brazil!

SIMON SAYS: Who said reading the markets was easy?

Submitted by Simon Hill on Sun, 06/02/2019 - 16:53

Comedians always say the art to telling a joke well is all about timing…I also think it applies to reading the market. Nothing seems straight forward these days, especially this week, as we have seen the complexities in the market start to unravel! So where do I start?