Monthly archives: May 2021

Daily Virtual Steel Mill Report 14/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run bearish.   Macro ·         U.S. president Biden made a concession on the infrastructure investment on 200 million dollars proposed previously. ·         U.S. April PPI up 6.2% y-o-y, created the biggest increase from the year 2010, est. 5.8%. ·         Tangshan Market Regulation Bureau, National Development and Reform …

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Daily Capesize Review 13/5/21

Capesize freight rates underwent correction phrases again as physical market softened amid holidays and thin activities. The Capesize 5 time charter average then dropped by $1,331 day-on-day to $37,724 on Thursday, following the downward momentum since the selloff session earlier in the week. The Baltic Dry Index (BDI) also the dip and went down by …

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Fuel Oil Morning Report 14/05/21

Brent crude oil futures were down 26 cents, or 0.4%, at $66.79 a barrel by 0 GMT, while West Texas Intermediate (WTI) was down 20 cents, or 0.3%, at $63.62 a barrel. Both prices are heading for their first weekly loss in three weeks.   Oil prices fell 3% over the course of Thursday as …

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Morning Report Tanker FFA 14/5/21

News Headlines: OIL DAYBOOK EUROPE: Pipeline Restarts With Supplies Running Low (Bloomberg) Colonial restarted its entire system after a cyberattack nearly a week ago, but said it will take several days for the supply chain to return to normal.     Valero Secures Biden’s First Jones Act Waiver for Foreign Tanker (Bloomberg) The waiver announced …

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