Monthly archives: October 2021

Daily DCE Review 8/10/21

Iron ore futures rallied as Chinese trade participants returned from holidays, despite market uncertainty on steel output curbs and power crunch in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then went up by 4.88% day-on-day or up RMB 35.50 to RMB 762.50/mt, during the day trading session on Friday. The rebar …

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FIS Fuel Oil Morning Report 08/10/21

Good morning all. Crude oil futures rallied during mid-morning Asian trade Oct. 8, extending overnight gains, following reports that the US has no current plans to tap into the country’s oil reserves to help quell rising gasoline prices. Crude oil had come under pressure after US Energy Secretary Jennifer Granholm told the Financial times on …

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FIS Morning Report Tanker FFA 08 -10-21

News Headlines: OIL DAYBOOK EUROPE: India Refiners Boost Run Rates; U.S. Reserve (Bloomberg) Oil refiners in major crude importer India are cranking up operating rates toward full capacity thanks to a fortuitous one-two lift from local and overseas markets that’s combining to stoke demand for diesel. Most state-owned companies now plan to run their refineries …

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Daily Capesize Review 7/10/21

Capesize freight rates gained slightly, despite the absence of Chinese participants for long holidays celebration. The Capesize 5 time charter average, then inched up by $83 day-on-day to $86,953 on Thursday, as tight tonnage supplies continued to support freight rates. The Baltic Dry Index (BDI) also inched up by $3, up 0.05% day-on-day, to $5,650, …

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