Monthly archives: March 2021

FIS Fuel Oil Morning Report 19/03/21

U.S. West Texas Intermediate (WTI) crude fell 4 cents, or 0.07%, to $59.96 a barrel by 0552 GMT. Brent crude was down 10 cents, or 0.16%, to $63.18 a barrel. After what seemed to be a huge correction, with brent falling off by over 8% on Thursday’s trading.  Oil had edged up in Asia’s morning …

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Ferrous trade weekly review 19/3/21

A total of 1.065 million mt of iron ores was traded for the week ended Mar 19, up 19.93% on-week from previous week trade volumes, amid the output curb in Tangshan. Thus, the market participants were spooked by output curb, which affected the buying interests for raw materials. During the week, the PBF accounted the …

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Daily DCE Review 19/3/21

Iron ore futures slid over output restriction concerns in Tangshan, which dampened market appetite for raw materials. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then dipped by 3.47% day-on-day or down RMB 37.50 to RMB 1,042/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, also dropped slightly …

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Daily Capesize Review 18/3/21

Capesize freight rates continued to rally on better physical demand with firm support from smaller vessels. The Capesize 5 time charter average then increased by $942 day-on-day to $18,873 on Thursday, despite some profit-takings during the trading session. The Baltic Dry Index (BDI) also hiked up higher by 5.23% or 110 points to 2,215 readings, …

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