Iron ore futures closed the week on high note, due to supply tightness and another round output curbs in Tangshan. The futures of Dalian Commodity Exchange (DCE) for September delivery then jumped to a three-week high and went up by 5.90% on-day or RMB 69.50 to RMB 1,247/mt on Friday. The steel rebar contract on …
Monthly archives: June 2021
Freight Morning Technical 11/06/21
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Daily Capesize Review 10/6/21
Capesize freight rates continued to rally on bullish market sentiment of improving demand in the physical market, especially in the Pacific basin. The Capesize 5 time charter average, then went up by $3,407 day-on-day to $24,039 on Thursday, due to firmer rates in both basins. The Baltic Dry Index (BDI) also recorded gains of 7.58% …
Steel & Scrap Morning Report 11/06/21
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Base Morning Intraday Note 11/06/21
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FIS Fuel Oil Morning Report 11/06/21
At 10.50 am Singapore time (0250 GMT), the ICE August Brent futures contract was down 57 cents/b (0.79%) from the previous settle at $72/b, while the NYMEX July light sweet crude contract was down 51 cents/b (0.73%) at $69.83/b. The ICE Brent contract settled at $72.52/b on June 10, the highest in over a year after …
FIS Morning Report Tanker FFA 11-06-21
News Headlines: OIL DAYBOOK EUROPE: OPEC+ Buffer Not All It Seems; IEA Report (Bloomberg) As oil demand roars back from the pandemic shock, the world may soon clamor for more crude from OPEC+. But the coalition doesn’t have all the barrels it’s advertising. On paper, the alliance will still have a gigantic 5.8 million barrels …
Daily Virtual Steel Mill Report 11/6/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · U.S. May CPI up 5% y-o-y, created the biggest single month increase during the past 13 years. Because the economy boost stimulate the travel services and second-hand automobile price. The strong data partially due to the soft economic data base in last year …
Fertilizer Financial Markets Commentary/Curves 10/06/21
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European Close 10/06/21
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