Monthly archives: January 2021

Ferts in Focus 27/1/21

*AG Urea’s time in the spotlight* Talk of an Indian urea tender being announced as early as next week, has brought even more of a buzz over already heated urea markets this past week. As a result and true to form, it was AG urea’s turn to surge in values. Physical trading occurred at $332/mt …

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Daily DCE Review 27/1/21

Iron ore futures moved flattish after a recent market selloff, due to market concerns over slow restocking activities and thin steel margins. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped by 0.24% day-on-day or RMB 2.50 to RMB 1,041.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange …

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Daily Capesize Review 26/1/21

Capesize freight rates extended losses from weak physical fundamentals that resulted a selloff in the paper market. The Capesize 5 time charter average then plunged further by $2,657 day-on-day to $20,709 on Tuesday, following the weak physical market. The Baltic Dry Index (BDI) then headed south on weakening freight rates and fell by 6.01 % …

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FIS Fuel Oil Morning Report 27/01/2021

Brent crude futures climbed 19 cents, or 0.3%, to $56.10 a barrel at 0452 GMT, adding to a small gain on Tuesday before pushing even further up to $56.33 levels by 0730GMT. U.S. West Texas Intermediate (WTI) crude futures rose 20 cents, or 0.4, to $52.81 a barrel, reversing Tuesday’s loss.   The American Petroleum …

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Ferrous Daily Physical Review 27/1/21

Ferrous Market –    China Iron ore 45 port arrivals at 24.37 million tonnes, down 2.998 million tonnes w-o-w. Northern six port arrivals at 11.35 million tonnes, down 4.25 million tonnes w-o-w. –    MySteel Australia and Brazil iron ore total delivery at 19.77 million tonnes, down 1.57 million tonnes w-o-w. Australia iron ore delivery 14.02 million …

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