Monthly archives: June 2021

FIS Singapore Iron Ore Derivatives Report 24/06/21

Iron Ore Market Update Market Commentary Iron ore futures retreated on Thursday over declining mills profitability in China. Steel margins in China took a beating following the nation’s high-profile crackdown on surging commodity prices. Rebar and hot-rolled coil futures have tumbled over 20% from the respective multi-year highs in May. The China Iron & Steel …

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Daily DCE Review 24/6/21

Iron ore futures inched up slightly, due to market concerns over slower steel demand with rising steel stockpiles and easing of supply tightness in iron ore stocks. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up slightly by 0.87% day-on-day or up RMB 10 to RMB 1,164.50/mt on Thursday. The steel …

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Daily Capesize Review 23/6/21

Capesize freight rates rebounded in the volatile market, as shipping demand improved with better market confidence. The Capesize 5 time charter average, then went up slightly by $703 day-on-day to $32,079 on Wednesday, with small gains seen in both basins. The Baltic Dry Index (BDI) then spotted slight gain of 0.90% day-on-day, up 28 points …

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FIS Morning Report Tanker FFA 24-06-21

News Headlines: OIL DAYBOOK EUROPE: U.S. Refiners Hunt for Crude; Stocks Dwindle (Bloomberg) U.S. refiners pushing to meet surging demand are turning to the Persian Gulf and Russian Far East for crudes that are typically bought by Asian processors. The latest example is a rare shipment of Abu Dhabi’s Murban that’s en route to Long …

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