Oil Morning Report 5/11/21

Good morning all,   At 10:10 am Singapore time (0210 GMT), the ICE January Brent futures contract was up 81 cents/b (1.01%) from the previous close at $81.35/b, while the NYMEX December light sweet crude contract was 89 cents/b (1.13%) higher at $79.70/b.   Sentiment in oil markets was recovering after a 2-day selloff that …

Morning Tanker FFA Report 5/11/21

News Headlines: Oil gains after OPEC+ holds firm on supply (Reuters) Oil prices rose on Friday, staging a partial recovery after OPEC+ producers rebuffed a U.S. call to raise supply and instead maintained plans for a gradual return of output halted by the coronavirus pandemic. Brent crude rose 53 cents or 0.7% to $81.07 a …

Iron Ore DCE Jan Daily Technical Review 5/11/21

Verdict – Short-term neutral. DCE iron ore Jan21 refreshed low again and created two consecutive correction with lower highs and lows. However the support was strong around 552.5- 557.5 area. A breakdown on this area would trigger a big correction. Otherwise iron ore expected to exhaust in the narrow area. Hourly MACD narrowed above 0 …

Daily Virtual Steel Mill Report 5/11/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         The U.S. Taper has no essential relations to interest rate increase, since Taper was focusing on less purchase on T-bonds. Some macro analysts believed that the interest rate potentially start in the Q4 of the year 2022. ·         China NDRC: Encouraging the China domestic iron ore …

Cape and Panamax FFA Report 4/11/21

Please click below to view the report         Index Report below     https://fisapp.com/wp-content/uploads/2021/11/04.11.2021.pdf       For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US …

Supramax and Handy FFA Report 4/11/21

Please click below to view the report         Index Report below     https://fisapp.com/wp-content/uploads/2021/11/04.11.2021.pdf     For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): …