Monthly archives: October 2021

Daily Virtual Steel Mill Report 21/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China PM Li Keqiang held conference to punish illegal speculation on coal market and prevent the price transmission from commodities to downstream, and avoid cost increasing on mid-small capital company. ·         China Zhejiang Province downgrade the electricity consumption level from C to B, indicating the power …

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Daily DCE Review 21/10/21

Iron ore futures dipped at the close, despite opening higher at the start of the morning session due to market uncertainty over steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then tanked by 8.70% day-on-day or down RMB 8.70 to RMB 650.50/mt, during the day trading session on Thursday. The rebar …

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FIS Morning Report | Tanker FFA – 21 -10-2021

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Powerless to Ease Crisis; U.S. Demand (Bloomberg) Saudi Arabia said any extra oil from OPEC+ would do little to bring down surging natural-gas prices. “We see our role as extremely limited,” Saudi Energy Minister Prince Abdulaziz bin Salman said during the ERA Week India Energy Forum on Wednesday. * …

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FIS Fuel Oil Morning Report 21/10/2021

Brent crude futures settled at $85.82 a barrel, a gain of 0.9% or 74 cents and the highest since October 2018. November U.S. West Texas Intermediate (WTI) crude , which expires on Wednesday, settled at $83.87, up 91 cents, or 1.1%. The more active WTI contract for December settled up 98 cents to $83.42 a …

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