A total of 1.106 million mt of iron ores was traded for the week ended Jun 18, amid extended output curb in Tangshan and improving steel margins. According to Platts, the Chinese domestic hot-rolled coil and rebar sales profit margins averaged to decent range of $155/mt and $149/mt over June 1-15, respectively, though lower than …
Monthly archives: June 2021
Freight Morning Technical 18/06/21
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Daily DCE Review 18/6/21
Iron ore futures closed the day session in slight dip, after seeing rally in morning session over market concerns over supply tightness in port inventory. The futures of Dalian Commodity Exchange (DCE) for September delivery then dipped slightly by 0.17% on-day or down RMB 2 to RMB 1,203/mt on Friday. The steel rebar contract on …
Daily Capesize Review 17/6/21
Capesize freight rates maintained upward momentum despite the physical market taking a break in the bullrun. The Capesize 5 time charter average, then rose by $1,672 day-on-day to $34,930 on Thursday, as market fundamentals improved in both basins. The Baltic Dry Index (BDI) then rallied by 2.87% on-day, up 91 points to 3,267 readings on …
Base Morning Intraday Note 18/06/21
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Steel & Scrap Morning Report 18/06/21
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FIS Fuel Oil Morning Report 18/06/21
At 10:50 am Singapore time (0250 GMT), the ICE August Brent futures contract was down 64 cents/b (0.88%) from the previous settle at $72.44/b, while the NYMEX July light sweet crude contract was 56 cents/b (0.79%) lower at $70.48/b. The Brent and the NYMEX light sweet crude markers had fallen 1.76% and 1.54% overnight to close …
FIS Morning Report Tanker FFA 18-06-21
News Headlines: OIL DAYBOOK EUROPE: China Intensifies Key Oil-Refining Probe (Bloomberg) The future of China’s vast oil-refining industry may hinge on what government investigators find in Panjin. This little-known energy hub east of Beijing has emerged as the focal point of a probe that industry insiders say could shift the balance of power from the …
Iron Ore DCE Sep Daily Technical Review 18/6/21
Verdict – Short-term neutral to bearish. DCE iron ore September contract slumped after hearing the commodity price supervision news from NDRC. However iron ore started to correct early this morning after a periodic high created over last night. The 1248.0 and 1253.5 became the double top in mid-run. A stand on 1176.0 level could help …
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Daily Virtual Steel Mill Report 18/6/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · The National Development and Reform Commission held a regular press on June 17 to carry out the supervision of the bulk commodity market, jointly investigate the market transactions, interview enterprises and associations in key industries, investigate and verify the clues related to suspected …