Monthly archives: June 2021

Daily DCE Review 16/6/21

Iron ore futures reversed into losses due to the easing of the supply tightness, while the market entered lull steel demand season. The futures of Dalian Commodity Exchange (DCE) for September delivery then dipped down by 1.52% on-day or RMB 18.50 to RMB 1,197.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures Exchange, …

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FIS Fuel Oil Morning Report 16/06/21

At 10:23 am Singapore time (0223 GMT), the ICE August Brent futures contract was up 62 cents/b (0.84%) from the previous settle at $74.61/b while the NYMEX July light sweet crude contract was up 59 cents/b (0.82%) at $72.71/b.   API figures last night posted a larger than expected draw on crude to the tune …

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FIS Morning Report Tanker FFA 16-06-21

News Headlines: OIL DAYBOOK EUROPE: Top Oil Traders Predict Higher Prices (Bloomberg) The world’s largest independent commodity traders see crude prices rising further as demand keeps growing and supply remains constrained. Yet as top executives from Vitol Group, Trafigura Group and Glencore Plc agreed on oil’s direction, they differed over the size and duration of …

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Iron Ore DCE Sep Daily Technical Review 16/6/21

Verdict – Short-term bearish. DCE iron ore September contract started correction after confirmed the periodic high at 1248.0 level. Hourly slow stochastic KD created two dead cross in Jun 15th and gradually went lower, indicating a decreasing trend. Hourly CCI leaked from the two month high to a weekly low level. Hourly MACD widened below …

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Daily Virtual Steel Mill Report 16/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run bearish. Macro ·         China May electricity consumption maintained a high growth rate by 12.5% y-o-y, up 18.7% m-o-m. Jan-May total electricity consumption accumulated at 3.23 trillion KWH, up 17.7% y-o-y. However China major southern industry city Guangzhou electricity consumption reached 11.2 billion KWH, a historical high …

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Daily Capesize Review 15/6/21

Capesize freight rates rallied on more shipping activities as trade participants returned from holidays amid improving demand. The Capesize 5 time charter average, then rose by $1,257 day-on-day to $30,640 on Tuesday, following market optimism on iron ore shipping demand. The Baltic Dry Index (BDI) then went up to a one-month high at 3,025 readings, …

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