Monthly archives: June 2021

Daily Capesize Review 8/6/21

Capesize freight rates followed the dip on bearish shipping fundamentals, though there was some improvement in the Pacific market. The Capesize 5 time charter average, then dropped slightly by $613 day-on-day to $19,845 on Tuesday, despite some rebound in the index. The Baltic Dry Index (BDI) also fell slightly by 0.33% or 8 points on-day …

Continue reading “Daily Capesize Review 8/6/21”

FIS Fuel Oil Morning Report 09/06/21

At 11:12 am Singapore time (0312 GMT), the ICE August Brent futures contract was up 50 cents/b (0.69%) from the previous settle at $72.72/b while the NYMEX July light sweet crude contract was up 47 cents/b (0.67%) at $70.52/b.   Both contracts touched multiyear highs June 4 before settling lower. The ICE Brent contract last …

Continue reading “FIS Fuel Oil Morning Report 09/06/21”

Iron Ore DCE Sep Daily Technical Review 9/6/21

Verdict – Short-term neutral. DCE iron ore September contract spiked during the last night session, however resisted below 1191.5-1197.0 area. The lower side 1148.5 also provide very strong support in mid-run. Hourly candles chart entered a consolidating mode. Hourly CCI pulled back from bullish territory. Hourly slow stochastic KD potentially create dead cross below overbought …

Continue reading “Iron Ore DCE Sep Daily Technical Review 9/6/21”

Daily Virtual Steel Mill Report 9/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China May CPI 1.3%, est. 1.6%, last 0.9%. China May PPI up 9%, est. 8.3%, last 6.8%. ·         World Bank published Global Economic Outlook, adjusted the year 2021 economy growth rate from 4% to 5.6%. China economy growth rate in 2021 from 7.9% …

Continue reading “Daily Virtual Steel Mill Report 9/6/21”

FIS Morning Report Tanker FFA 09-06-21

  News Headlines: OIL DAYBOOK EUROPE: Asia’s Demand Recovery; Crude for Teapots (Bloomberg) Asia’s uneven oil demand recovery has been headlined by China and India, but the Covid-19 comeback that’s swept through other key fuel-consuming nations is complicating a return to pre-pandemic levels. It’s a flare-up that’s had varying impacts, but there are emerging signs …

Continue reading “FIS Morning Report Tanker FFA 09-06-21”