Monthly archives: March 2021

Daily DCE Review 5/3/21

Iron ore futures reversed into losses, due to lower steel prices and market uncertainty over the Two Sessions meeting in Beijing. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then slid up by 3.26% day-on-day or RMB 38 to RMB 1,127.50/mt on Friday. The steel rebar contract on the Shanghai Futures …

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FIS Fuel Oil Morning Report 05/03/21

Brent crude futures for May rose 83 cents, or 1.2%, to $67.57 a barrel at 0609 GMT, and was on track for a 2% gain in the week. The European benchmark pushed throughout the morning to reach $68.00 by 0700GMT. U.S. West Texas Intermediate (WTI) crude futures were up 77 cents, or 1.2%, to $64.60 …

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Daily Capesize Review 4/3/21

Capesize freight rates stabilized and took a breather, after recent rally with market talks of super cycle. The Capesize 5 time charter average then slipped slightly by $36 day-on-day to $13,874 on Thursday, due to the market volatility. The Baltic Dry Index (BDI) continued to rally on the strength of smaller vessel and gained slightly …

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Iron Ore DCE May Daily Technical Review 5/3/21

Verdict – Short-term neutral. DCE iron ore may contract corrected massively during last night session after refreshed new high yesterday. Day session iron ore recovered some losses. Hourly slow stochastic KD deepened correction after a dead cross created below overbought area. Hourly CCI rebounded from the lowest since February. Short-run technical signals were indicating a …

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Ferrous Daily Physical Review 5/3/21

Ferrous Market –    MySteel 45 ports iron ore inventories at 127.89 million tonnes, up 1.44 million tonnes w-o-w. Daily evacuation 2.72 million tonnes, up 234,500 tonnes w-o-w. Australia iron ore 61.52 million tonnes, up 1.33 million tonnes w-o-w. Brazil iron ore 43.69 million tonnes, down 311,000 tonnes w-o-w. 126 ships at ports, up 4. –    …

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Capesize & Panamax FFA Daily Report 04/03/21

Please click below to view the report     PANAMAX 04-03-21″]     For more information please contact     FIS   info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 490 …

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