Daily DCE Review 5/7/21

Iron ore futures hiked up at the start of the week, as steel production resumed after centennial celebration of political party in early July. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 5.51% day-on-day or up RMB 64 to RMB 1,225/mt at the close of day trading session on Monday. …

Daily Capesize Review 2/7/21

Capesize freight rates continued to dip after a market pullback from limited activities in the physical market. The Capesize 5 time charter average, then nosedived down by $1,494 day-on-day to $29,106 on Friday, after a choppy market. The Baltic Dry Index (BDI) also fell by 1.59% day-on-day, down 53 points to 3,285 readings, following the …

FIS Fuel Oil Morning Report 05/07/21

At 11:32 am Singapore time (0332 GMT), the ICE September Brent crude futures contract slipped 8 cents/b (0.11%) from the previous close at $76.09/b, while the NYMEX August light sweet crude contract was down 11 cents/b (0.15%) at $75.05/b.   With the 4th July celebrations yesterday in the states and the winner of the Hotdog …

FIS Morning Report Tanker FFA 05-07-21

News Headlines: Oil steady as OPEC+ seeks to break impasse over supply (Reuters) Oil prices were steady on Monday with investors and traders awaiting crucial talks by OPEC+ following disagreement over output within the group that could lead to major producers pumping up volumes to grab market share.   Record 8% of all ships predicted …