Monthly archives: June 2021

Daily Capesize Review 29/6/21

Capesize freight rates continued to rise on better market sentiment for the physical market, after a sluggish start of the week. The Capesize 5 time charter average, then rose up by $951 day-on-day to $34,299 on Tuesday, due to better physical market. The Baltic Dry Index (BDI) also hiked up by 2.83% day-on-day, up 94 …

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FIS Morning Report Tanker FFA 30-06-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Delays Minister Talks to Bridge Divide (Bloomberg) OPEC and its allies delayed preliminary talks between ministers by a day to allow members more time to resolve differences, according to delegates. OIL FUTURES: Oil Set for Best Half Since 2009 as Recovery Accelerates.   Europe’s Imports of Clean Fuels from …

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FIS Fuel Oil Morning Report 30/06/21

At 11:13 am Singapore time (0311 GMT), the ICE August Brent futures contract was up 43 cents/b (0.58%) from the previous close at $75.19/b while the NYMEX August light sweet crude contract was up 49 cents/b (0.67%) at $72.98/b.   API Crude -8.153M Cushing -1.318M Gasoline +2.418M Distillate +0.428M   Oil prices steadied on Tuesday …

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Iron Ore DCE Sep Daily Technical Review 30/6/21

Verdict – Short-term neutral. DCE iron ore September contract consolidated during the current two days. Currently box range from 1135.0- 1171.0. Hourly MACD potentially create gold cross. Hourly KD created gold cross above oversold area. CCI created bullish divergence with price. Technical signals were indicating a potential test high in the next session. The first …

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Daily Virtual Steel Mill Report 30/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral to bearish. Macro ·         World Bank increased the China economy growth rate from 8.1% to 8.5%. China was the major economic entity after the pandemic recovery, where industry and consumption activities had recovered to pre-pandemic level. Moody expected China GDP in the year 2021 reached …

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