Monthly archives: April 2021

Daily DCE Review 22/4/21

Iron ore futures moved flattish since opening and closed lower in the afternoon session as market cooled down after recent rally. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then dipped slightly by 0.46% day-on-day or up RMB 5 to RMB 1,091.50/mt on Thursday. The steel rebar contract on …

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Daily Capesize Review 21/4/21

Capesize freight rates rebounded into new highs with market optimism of another super cycle in the corner that boosted confidence. The Capesize 5 time charter average then surged up by $4,638 day-on-day to $33,290 on Wednesday, amid bullish market outlooks. The Baltic Dry Index (BDI) then rallied by 9.63 % or 238 points to 2,710 …

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FIS Fuel Oil Morning Report 22/04/21

Brent crude futures fell 57 cents, or 0.9%, to $64.75 a barrel by 0157 GMT, following a drop of $1.25 on Wednesday. U.S. West Texas Intermediate (WTI) crude futures were down 58 cents, or 1.0%, at $60.77 a barrel, after losing $1.32 on Wednesday.   EIA week ending 4/16 Crude oil: 0.6M Gasoline: +0.1M Distillates: …

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