Monthly archives: March 2021

Ferrous trade weekly review 26/3/21

A total of 0.95 million mt of iron ores was traded for the week ended Mar 26, down 10.80% on-week, as the Tangshan’s output cuts discouraged market from iron ore procurement. Some market participants expected the output restrictions to extend to other regions and thus affected the buying interests for iron ore. During the week, …

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Daily DCE Review 26/3/21

Iron ore futures ended the week on positive gains, albeit the previous selloff sessions occurred during the start of the week, due to bearish sentiment on stricter output cuts. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose for the fourth consecutive trading day by 2.01% day-on-day or up RMB …

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FIS Fuel Oil Morning Report 26/03/21

Brent crude was higher by 54 cents, or 0.9%, at $62.49 a barrel by 0432 GMT, after dropping 3.8% on Thursday before pushing to just under $63.00 by 0700GMT. U.S. West Texas Intermediate (WTI) crude was up 65 cents, or 1.1%, at $59.21 a barrel, having tumbled 4.3% a day earlier. Both benchmarks were on …

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Daily Capesize Review 25/3/21

Capesize freight rates rebounded slightly with some improvement in the key trading routes amid sluggish market. The Capesize 5 time charter average then rose by $124 day-on-day to $18,490 on Thursday, with improving market sentiment on shipping demand. The Baltic Dry Index (BDI), however continued to drop by 1.00% or 22 points to 2,172 readings, …

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