Monthly archives: March 2021

Daily DCE Review 23/3/21

Iron ore futures closed the session higher with a late rally on Tuesday, after rebounding from the selloff from previous day. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose by 2.01% day-on-day or up RMB 20.50 to RMB 1,039.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures …

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FIS Fuel Oil Morning Report 23/03/21

Brent crude futures for May dropped by 68 cents, or 1.1% to $63.94 at 0149 GMT, erasing a 9 cent gain in the previous session. U.S. West Texas Intermediate (WTI) crude futures for May delivery fell 62 cents, or 1%, to $60.94 a barrel. The April contract expired on Monday at $61.55, up 13 cents …

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Daily Capesize Review 22/3/21

Capesize freight rates continued to push forward with firm support from smaller vessels, amid market expectation of more iron ore shipments in Q2. The Capesize 5 time charter average then inched up by $314 day-on-day to $19,751 on Monday, despite thin market activities at the start of the week. The Baltic Dry Index (BDI) also …

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