Monthly archives: May 2021

Daily Virtual Steel Mill Report 20/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral.   Macro ·         U.S. Federal meeting said if the economy continues to grow rapidly, it is appropriate to start discussing reducing the scale of bond purchase “at some time”, with mentioning the monetary policy. U.S. Treasury bonds corrected and traders raising expectations for the Federal …

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Daily Capesize Review 19/5/21

Capesize freight rates improved on better market outlook, supported by better Pacific basin, though Atlantic basin was depressed by the long ballaster list. The Baltic Dry Index (BDI) then went up slightly by 0.21% or 6 points on-day to 2,801 readings, due to the improving freight rates.   Improving Pacific basin amid sluggish Atlantic market …

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Fuel Oil Morning Report 20/05/21

At 10:49 am Singapore time (0249 GMT), the ICE Brent July contract rose 5 cents/b (0.08%) from the May 19 settle at $66.71/b, while the June NYMEX light sweet crude contract was up 6 cents/b (0.09%) at $63.41/b.   EIA week ending 5/14 Crude oil: +1.3M Gasoline: -2.0M Distillates: -2.3M Refiner utilz: 86.3% Impld mogas …

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Morning Report Tanker FFA 20/05/21

News Headlines: OIL DAYBOOK EUROPE: EU Says Confident Iran Nuclear Deal Is Close (Bloomberg) Iran and the U.S. are close to a deal that will revive the 2015 nuclear accord seeing Brent Oil Steady Near Three-Week Low With Iran Flows in Focus     EUROPE-AMERICAS FUEL: Flows Steady; Gasoline Tankers Skip U.S. (Bloomberg) European refined …

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