Monthly archives: June 2021

FIS Fuel Oil Morning Report 28/06/21

At 10:18 am Singapore time (0218 GMT), the ICE August Brent futures contract inched slightly lower by 3 cents/b (0.04%) from the previous settle at $76.15/b, while the NYMEX August light sweet crude contract dipped 3 cents/b (0.04%) at $74.05/b.   Crude prices are hovering at their highest levels since October 2018 as the demand …

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FIS Morning Report Tanker FFA 28-06-21

News Headlines: OIL DAYBOOK EUROPE: Asia Biggest Export Refiners May Cut Runs (Bloomberg) Some of Asia’s biggest export-focused oil refiners are looking at cutting processing rates as a Covid-19 comeback crimps demand in parts of the region, and as China and India flood the market with excess fuel.     Oil Steady Near $74 With …

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Daily DCE Review 28/6/21

Iron ore futures started the week on gains, as market participants held their concerns over supply tightness and low port inventory. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up by 2.09% day-on-day or RMB 24.50 to RMB 1,196/mt during the day trading session on Monday. The rebar futures also rose …

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Daily Capesize Review 25/6/21

Capesize freight rates rebounded again in the volatile market, due to better market optimism over the Q3 period. The Capesize 5 time charter average, then hiked up by $1,051 day-on-day to $33,069 on Monday, with some improvement seen in the physical market. The Baltic Dry Index (BDI) then spotted a gain of 2.52% day-on-day, up …

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