Monthly archives: April 2021

Ferrous trade weekly review 9/4/21

A total of 0.66 million mt of iron ores was traded for the week ended Apr 9, after trade participants returned from the long weekend holidays. Steel prices rose to multi-years high during the week amid high margins and output restrictions that extended beyond China’s steelmaking hub of Tangshan. During the week, the trades volume …

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FIS Fuel Oil Morning Report 09/04/21

At 11.05 am Singapore time (0234 GMT), the ICE Brent June contract slipped 5 cents/b (0.08%) from the April 8 settle at $63.15/b, while the May NYMEX light sweet crude contract was up 11 cents/b (0.18%) at $59.71/b.   Oil prices have been struggling to find any directional rhythm over the past few weeks with …

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Daily DCE Review 9/4/21

Iron ore futures closed the week on slight losses, after much market rally in the week as trade participants returned from holidays. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), then fell slightly by 0.41% day-on-day or down RMB 4 to RMB 979/mt on Friday. The steel rebar contract on the Shanghai …

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Daily Capesize Review 8/4/21

Capesize freight rates continued to rise on market optimism, after much support from Brazil’s shipping demand. The Capesize 5 time charter average then rose by $406 day-on-day to $22,874 on Thursday, despite some correction in the Pacific freight rates. The Baltic Dry Index (BDI) then faced some corrections after recent rally and went down by …

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