Monthly archives: February 2021

Oil and Ore Intraday Morning Technical 01/02/21

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Daily DCE Review 1/2/21

Iron ore futures opened high, only to close lower later at the afternoon trading session, due to softer China’s economic indicators and lower construction activities. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), thus dipped by 0.76% day-on-day or RMB 7.50 to RMB 977.50/mt on Monday. The steel rebar contract on …

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Daily Capesize Review 29/1/21

Capesize freight rates continued to slide on muted trading activities, amid softening physical market. The Capesize 5 time charter average then slipped further by $458 day-on-day to $15,675 on Friday, after some short selling in the paper market. The Baltic Dry Index (BDI) also declined further by 1.22 % day-on-day or 18 points to 1,452 …

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FIS Fuel Oil Morning Report 01/02/2021

The week began with gains in early trading for both Brent and U.S. crude. Brent futures increasing 36c to $55.40 per barrel and WTI rising 24c to $52.44 (06:12GMT.) Prices have been boosted by vaccination programmes getting underway in hard-hit countries as well as output cuts by major producers.  (Reuters)   A delegate has claimed …

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