Monthly archives: April 2021

Ferrous trade weekly review 16/4/21

A total of 1.23 million mt of iron ores was traded for the week ended Apr 16, amid the ongoing output restriction and inspection safety checks in Tangshan. Throughout the week, there was some market talks of easing the output curb in Tangshan that led to iron ore futures rally, though it did not receive …

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Daily DCE Review 16/4/21

Iron ore futures closed the week on positive note, after much rally on the week due to market talks over easing of output restrictions. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then inched up by 0.92% day-on-day or up RMB 9.50 to RMB 1,046/mt on Friday. The steel …

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Daily Capesize Review 15/4/21

Capesize freight rates rallied further on market optimism over better shipping demand and fundamentals in both basins. The Capesize 5 time charter average then rose by $1,925 day-on-day to $28,056 on Thursday, due to booming paper market. The Baltic Dry Index (BDI) also rose further by 6.66% or 145 points to 2,323 readings, supported by …

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FIS Fuel Oil Morning Report 16/04/2021

Brent crude futures rose 13 cents, or 0.2%, to $67.07 a barrel at 0508 GMT, following a 36-cent rise on Thursday. U.S. West Texas Intermediate (WTI) crude futures were 12 cents, or 0.2%, higher to $63.58 a barrel, after climbing 31 cents on Thursday.   Propping up market sentiment are reports that the US economic …

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