Monthly archives: May 2021

Daily DCE Review 18/5/21

Iron ore futures closed the afternoon session on high, following the uptick in the morning session amid strong steel demand. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 4.32% on-day or up RMB 51.50 to RMB 1,242.50/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange, however inched …

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Daily Capesize Review 17/5/21

Capesize freight rates continued the downward trend due to softening physical market that resulted selling pressure in the paper market. The Capesize 5 time charter average then fell by $1,840 day-on-day to $32,702 on Monday, following another selloff session. The Baltic Dry Index (BDI) also went down and decreased by 2.82% or 83 points on-day …

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FIS Fuel Oil Morning Report 18/05/21

Brent crude oil futures were up 19 cents, or 0.3%, at $69.65 a barrel by 0517 GMT, while West Texas Intermediate (WTI) was up 18 cents, or 0.3%, at $66.45 a barrel. Both contracts rose more than 1% on Monday.   Oil exports from OPEC+ have surged by over 1 million barrels per day in …

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FIS Morning Report Tanker FFA 18-05-21

News Headlines: OIL DAYBOOK EUROPE: U.S. Travel Rebound Leading Jet Fuel’s Surge (Bloomberg) U.S. airports are the busiest since the pandemic began — the strongest sign yet of a domestic travel revival     TANKER WEEKLY WRAP (Bloomberg) U.S. GULF-to-EUROPE CRUDE: May Flows at 9-Month High; Demand Up EUROPE-to-AMERICAS: Flows Hit 6-Week High After Pipeline …

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