Monthly archives: March 2021

Daily DCE Review 4/3/21

Iron ore futures continued to rally on tight supply and better steel demand, amid production restriction. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then hiked up by 1.95% day-on-day or RMB 22.50 to RMB 1,174.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange also rose slightly by …

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Daily Capesize Review 3/3/21

Capesize freight rates jumped on bullish market sentiment with supports from physical fixtures on key trading routes. The Capesize 5 time charter average then gained for the second consecutive days by $1,758 day-on-day to $13,910 on Wednesday, with better market positivity in March contracts. The Baltic Dry Index (BDI) also rallied on better freight rates …

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FIS Fuel Oil Morning Report 04/03/21

Brent crude futures added 53 cents, or 0.8%, to $64.60 a barrel, as of 0553 GMT, after climbing more than 2% on Wednesday. U.S. West Texas Intermediate (WTI) crude futures gained 46 cents, or 0.8% to $61.74 a barrel.   EIA week ending 2/26 Crude oil: +21.6M Gasoline: -13.6M Distillates: -9.7M Refiner utilz: 56.0% Impld …

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