Monthly archives: July 2021

Daily Capesize Review 23/7/21

Capesize freight rates rebounded on tight tonnage supply because of Typhoon In-Fa’s impact on central China’s coastal areas. The Baltic Dry Index (BDI) then increased by 3.09% day-on-day, up 96 points to 3,199 readings, due to the firmer freight rates.   Bullish Pacific amid tight vessel supply   The Pacific enjoyed healthy cargo list with …

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FIS Fuel Oil Morning Report 26/07/21

Brent crude futures for September fell 44 cents, or 0.6%, to $73.66 a barrel by 0432 GMT while U.S. Texas Intermediate crude was at $71.62 a barrel, down 45 cents.   Oil spent much of last week clawing back losses, with ICE Brent managing to finish the week almost 8% up from last Monday’s close. …

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Iron Ore DCE Sep Daily Technical Review 26/7/21

Verdict – Short-term neutral. DCE iron ore September rebounded slightly and overall stablised as predicted on last Friday. A breakthrough on 1161.5 would lead iron ore into a short-run bullish market. However a rejection on the intra-day high again would mean iron ore need more time to consolidate. Hourly MACD was running in stable mode …

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Daily Virtual Steel Mill Report 26/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         According to Bloomberg’s survey of economists, it is expected that the Federal Reserve will begin to reduce its asset purchase plan next year, focusing on mortgage-backed securities. ·         The strong typhoon landed on east China caused coastal area transportation stoppage and port closure. …

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