Monthly archives: July 2021

Iron Ore DCE Sep Daily Technical Review 28/7/21

Verdict – Short-term neutral. DCE iron ore September finally ended with a rebound almost cover the loss from last trading day. However the rebound with small volume was not strong enough to create a firm trend. Hourly MACD expanded above 0 axis. The lower support at 1100- 1103.5 provide strong rebound several times from early …

Continue reading “Iron Ore DCE Sep Daily Technical Review 28/7/21”

Daily Virtual Steel Mill Report 28/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         National Bureau of Statistics: H1 2021 above designated industry companies total profit 4.22 trillion yuan, up 66.9% y-o-y, up 45.5% compared to the year 2019. ·         IMF global economic development review indicated the year 2021 global economy growth at 6%, in the year …

Continue reading “Daily Virtual Steel Mill Report 28/7/21”

ENGINE: Americas Bunker Fuel Market Update 27/7/21

Bunker prices have mixed direction across the Americas, and stormy weather is set to disrupt bunkering in parts of Argentina and Brazil over the next two days.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in New York ($8/mt), Houston ($7/mt), Balboa ($6/mt) and Zona Comun ($3/mt), and down …

Continue reading “ENGINE: Americas Bunker Fuel Market Update 27/7/21”

FIS Morning Report Tanker FFA 28-07-21

News Headlines: OIL DAYBOOK EUROPE: ETF Sees Massive Outflow; Refining Outlook (Bloomberg) Investors just pulled a net $128.7 million from one of the world’s biggest oil exchange-traded funds as the spread of the delta variant has slowed oil’s rally.     Oil demand recovery, supply outlook favorable for clean tankers: Ardmore (S&P) Bearish summer expected, …

Continue reading “FIS Morning Report Tanker FFA 28-07-21”