Monthly archives: April 2021

Daily DCE Review 27/4/21

Iron ore futures continued to hike up on good Chinese pre-holidays restocking demand and robust steel demand. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then rose by 1.89% day-on-day or up RMB 21.50 to RMB 1,158.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange, also …

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Daily Capesize Review 26/4/21

Capesize freight rates continued upward momentum amid bullish iron ore outlook and good Chinese pre-Labour Day restocking activities. The Capesize 5 time charter average then inched up by $585 day-on-day to $35,347 on Monday, due to better market outlook. The Baltic Dry Index (BDI) then rose slightly by 0.72% or 20 points on-day to 2,808 …

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FIS Fuel Oil Morning Report 27/04/21

At 11:38 am Singapore time (0338 GMT), the ICE Brent June contract was up 38 cents/b (0.58%) from the April 26 settle at $66.03/b, while the June NYMEX light sweet crude contract was up 38 cents/b (0.6%) at $62.29/b.   Oil prices felt the downwards pressure of the increasing worry surrounding the Coronavirus situation in …

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