Monthly archives: May 2021

Fuel Oil Morning Report 21/05/21

At 11:05 am Singapore time (0305 GMT), the ICE Brent July contract was up 1 cent/b (0.02%) from the May 21 settle at $65.12/b, while the July NYMEX light sweet crude contract was up 14 cents/b (0.23%) at $62.08/b.   Iranian President Hassan Rouhani sent oil prices into a tailspin May 20 when he said …

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Morning Report Tanker FFA 21/5/21

Technical Analysis: TD3C June 21 Futures (rolling front month) 21/05/21  https://freightinvestorservices.com/blog/td3c-june-21-futures-rolling-front-month-21-05-21/ News Headlines: Benchmark Oil Tanker Rates at 2-Week High, Turn Positive (Bloomberg) TD3C climbed 6.8% to WS 34.58, the biggest move since May 4th     Valero Used Jones Act Waiver for N.Y.-Bound Tanker (Bloomberg) Valero has applied its Jones Act waiver it received …

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Daily DCE Review 21/5/21

Iron ore futures ended on the week on dip after market participants became more cautious on sliding steel prices and margins. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 3.39% on-day or up RMB 38.50 to RMB 1,096.50/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange, were …

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Iron Ore DCE Sep Daily Technical Review 21/5/21

Verdict – Short-term bearish. DCE iron ore September contract struggled around 1111.0 level several times during the day and finally broke 1102.0, which was an important support level during the current two days. Hourly CCI went back into bearish area. Hourly MACD widened below 0 axis. Hourly KD softened after a dead cross above oversold …

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Daily Virtual Steel Mill Report 21/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral.   Macro ·         China’s one-year Loan Prime Rate was 3.85% in May, same as 3.85% last month. LPR 5-year was 4.65%, which was 4.65% last month as well. LPR has been “standing still” for 13 consecutive months. ·         Iranian President Mahmoud Rouhani says agreement has …

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Daily Capesize Review 20/5/21

Capesize freight rates continued to gain on improving shipping demand in both basins especially among key routes. The Capesize 5 time charter average then inched up by $242 day-on-day to $31,634 on Thursday, after a volatile session. The Baltic Dry Index (BDI) also went up slightly by 0.82% or 23 points on-day to 2,824 readings, …

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