Monthly archives: February 2021

Daily DCE Review 18/2/21

Iron ore futures rallied with the return of Chinese participants and market optimism over the post-holidays demand. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then soared by 7.05% day-on-day or RMB 74.50 to RMB 1,131.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange also hiked up by …

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FIS Fuel Oil Morning Report 18/02/2021

Brent crude climbed 89 cents, or 1.4%, to $65.23 a barrel by 0524 GMT, touching its highest since Jan. 20, 2020. U.S. West Texas Intermediate (WTI) crude futures gained 66 cents, or 1.1%, to $61.80 a barrel, registering its highest since Jan. 8, 2020. Both benchmarks rose about $1 on Wednesday and have gained more …

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Daily Capesize Review 17/2/21

Capesize freight rates hiked up on market optimism with rising Panamax segment that led to market talks of using Capesize vessels for Panamax cargoes. The Capesize 5 time charter average then rose sharpy by $3,5542 day-on-day to $15,856 on Wednesday, in view of better post-holiday demand in key routes. The Baltic Dry Index (BDI) also …

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Iron Ore DCE May Daily Technical Review 18/2/21

Verdict – Short-term neutral. DCE iron ore rebounded massively on the first day after Chinese New Year. However the highest of the day was only 14 yuan higher than the high of the first minute in the morning, indicating the following buyers were not extreme confident to bring market to next new level during the …

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Ferrous Daily Physical Review 18/2/21

Ferrous Market –    MySteel Rebar Inventory: Rebar production 3.09 million tonnes, down 4.06% w-o-w. Mills inventory 5.12 million tonnes, up 51.5% w-o-w. Circulation inventory 10.09 milliontonnes, up 37.9% w-o-w. –    Tangshan started harsh environment control started from February 16th, without mentioning the end date. –    MySteel researched 7 ports from Australia and Brazil iron ore …

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