Monthly archives: May 2021

Daily Capesize Review 14/5/21

Capesize freight rates went into correction again with another selloff in the market, as the physical market struggled to keep up from previous rally. The Capesize 5 time charter average then had a sharp drop of $3,182 day-on-day to $34,542 on Friday, following the selloff session. The Baltic Dry Index (BDI) went with the dip …

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Iron Ore DCE Sep Daily Technical Review 17/5/21

Verdict – Short-term neutral. DCE iron ore September contract maintained consolidation in narrow range during the day, with 1214 as upper bound and 1166 as the lower bound. Volume narrowed consecutively during the trading day. Hourly CCI rebounded. Hourly MACD potentially create gold cross. However as the first day after a two day huge correction, …

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Daily Virtual Steel Mill Report 17/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China National Bureau of Statistics: Jan-Apr electric power generation 2.53 trillion kwh, up 16.8% y-o-y, up 10.9% compared to the year 2019. ·         China April above scale industry realised added value growth rate 9.8%, last 14.1%, est. 9.8%. ·         Jan -Apr, China National …

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FIS Fuel Oil Morning Report 17/05/21

At 11:03 am Singapore time (0303 GMT), the ICE Brent July contract was up 34 cents/b (0.49%) from the May 14 settle at $69.05/b, while the June NYMEX light sweet crude contract was up 31 cents/b (0.47%) at $65.68/b.   Last week was an interesting week for more reasons than one with Elon Musk declaring …

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FIS Morning Report Tanker FFA – 17-05-21

News Headlines: OIL DAYBOOK EUROPE: Iran Prepares for Return; Colonial Restarts (Bloomberg) Iran is preparing to ramp up global oil sales as talks to lift U.S. sanctions show signs of progress, Colonial Says It Resumes ‘Normal’ Operations Along Its Pipeline.       Please click below to view the report         For …

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