Monthly archives: April 2021

Daily DCE Review 14/4/21

Iron ore futures dipped after recent rally, due to market concerns over high materials costs that reduced steel margins. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then fell slightly by 0.39% day-on-day or up RMB 4 to RMB 1,011.50/mt on Wednesday. The steel rebar contract on the Shanghai …

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Daily Capesize Review 13/4/21

Capesize freight rates rose on strong physical fixtures in both basins, despite some weakening in the FFA market. The Capesize 5 time charter average then inched up slightly by $79 day-on-day to $26,055 on Tuesday, after some profit-takings in paper market. The Baltic Dry Index (BDI) however, dipped on softening smaller vessels rates and went …

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FIS Fuel Oil Morning Report 14/04/21

Brent crude futures rose 42 cents, or 0.6%, to $64.09 a barrel at 0421 GMT, after gaining 39 cents on Tuesday. U.S. West Texas Intermediate (WTI) crude futures added 40 cents, or 0.7%, to $60.58 a barrel, following Tuesday’s rise of 48 cents.   API Crude -3.608 Cushing +0.917M Gasoline +5.565M Distillate -3.006M   API …

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