Monthly archives: June 2021

Ferrous trade weekly review 25/6/21

A total of 0.87 million mt of iron ores was traded for the week ended Jun 25, amid the typical lull steel demand period. However, there was some upticks in steel prices late in the week, as it was heard that some mills had voluntarily reduced their sintering and blast furnace operations ahead of the …

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Daily DCE Review 25/6/21

Iron ore futures closed the week on gains, despite market concerns about growing steel stockpiles and easing of supply tightness for iron ore. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up by 1.24% day-on-day or up RMB 14.50 to RMB 1,185/mt on Friday. The steel rebar contract on the Shanghai …

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Daily Capesize Review 24/6/21

Capesize freight rates dipped from recent rebound, despite strong buying interests that translated to decent gains on the Q3. The Capesize 5 time charter average, then went down slightly by $61 day-on-day to $32,018 on Thursday, despite better improvement in the physical market. The Baltic Dry Index (BDI) then spotted slight gain of 0.90% day-on-day, …

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FIS Fuel Oil Morning Report 25/06/2021

At 11:00 am Singapore time (0300 GMT), the ICE August Brent futures contract was down 8 cents/b (0.11%) from the previous settle at $75.48/b while the NYMEX August light sweet crude contract was down 6 cents/b (0.08%) at $73.30/b.   There seems to be a multitude of factors that are propping up the oil market …

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