Monthly archives: July 2021

Daily DCE Review 1/7/21

Iron ore futures rebounded on Thursday, due to supply tightness and expected reduced steel output for the second half of the year. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 1.08% day-on-day or up RMB 12.50 to RMB 1,166/mt at the close of day trading session on Thursday. The rebar …

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Daily Capesize Review 30/6/21

Capesize freight rates reversed into losses in the volatile market, as the physical market lost steam toward the month-end. The Capesize 5 time charter average, then dropped by $1,695 day-on-day to $32,604 on Wednesday, after a choppy market to a start of the new month. The Baltic Dry Index (BDI) also dipped down by 1.02% …

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Iron Ore DCE Sep Daily Technical Review 1/7/21

Verdict – Short-term neutral. DCE iron ore September contract maintained consolidation within the range of 1135.0 – 1209.0 from June 23rd. From hourly chart, slow stochastic KD created dead cross near overbought area. MACD potentially create dead cross. Technical signals were indicating a potential testing low in the next trading session, however mid-run neutral. The …

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Daily Virtual Steel Mill Report 1/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         National Bureau of Statistics: in June, the commodity price index fell from a high level. Recently, a series of policies of “increase supply and stabilizing price” have been effective, and the rapid rise of manufacturing prices has been controlled. The ex-factory commodity price …

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FIS Fuel Oil Morning Report 01/07/21

At 10:21 am Singapore time (0221 GMT), the ICE September Brent futures contract was up 30 cents/b (0.40%) from the previous settle at $74.92/b, while the NYMEX August light sweet crude contract was 28 cents/b (0.38%) higher at $73.75/b.   EIA week ending 6/26 Crude oil: -6.7M Gasoline: +1.5M Distillates: -0.9M Refiner utilz: 92.9% Impld …

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FIS Morning Report Tanker FFA 01-07-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Ministers Meet to Debate Output Hike (Bloomberg) OPEC+ ministers will meet later on Thursday to decide whether to hike output in August or September, or hold off for a while longer. While Russia is leaning toward opening the taps, Saudi Arabia is sounding cautious. Shale Will Wait for OPEC …

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