News Headlines: Oil gains after U.S. infrastructure bill passes, Chinese exports rise (Reuters) Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia’s state-owned producer Aramco raised the official selling price for its crude. Brent crude was up by 86 cents or …
Monthly archives: November 2021
Oil Morning Report 8/11/21
Good morning, At 10:10 am Singapore time (0210 GMT), the ICE January Brent futures contract was up $1.03/b (1.24%) from the previous close at $83.75/b, while the NYMEX December light sweet crude contract rose $1.02/b (1.26%) at $82.29/b. Both benchmarks had settled higher by 2.7%-3.1% in the last session Nov. 5. Financial markets …
Steel and Scrap Morning Report 8/11/21
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Fertilizers Report 5/11/21
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Daily DCE Review 8/11/21
Iron ore futures booked slight gain after low opening, as trade participants were concerned over weak winter steel demand and declining exports volumes from China. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched up by 1.42% day-on-day or up RMB 8 to RMB 570.50/mt, during the day trading session on Monday. …
Daily Capesize Review 5/11/21
Capesize freight rates recovered some lost ground, despite bearish market sentiment over softening demand and lengthy ballaster list. The Capesize 5 time charter average, then inched up by $489 day-on-day to $27,199 on Friday, rebounding from recent slumps. The Baltic Dry Index (BDI) followed market corrections and dropped by $54, down 1.95% day-on-day, to $2,715, …
Supramax and Handy FFA Report 5/11/21
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Cape and Panamax FFA Report 5/11/21
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London Close Iron Ore Report 5/11/21
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Coking Coal Report 5/11/21
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