Category archives: News

Daily Virtual Steel Mill Report 15/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         G20 Finance Minister believed that the pandemic related downside risk will still become an obstacle of global economy recovery, and encouraging countries to leverage political tools to counter against this pandemic impact. Iron Ore Key Indicators: ·         Platts 62% 126.00 (+2.40), MTD 122.83.PBF traded down 4 …

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Morning Tanker FFA Report 15/10/21

(Bloomberg) — China’s state-owned refiners will try to import more diesel as domestic prices skyrocket due to an energy crisis that’s sending shockwaves through global coal and natural gas markets. Diesel prices are at a three-year high in parts of China. * OIL FUTURES: Oil Set for Best Run of Weekly Gains Since 2015 on …

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Oil Morning Report 15/10/21

At 10:25 am Singapore time (0225 GMT), the ICE December Brent futures contract was up 49 cents/b (0.58%) from the previous close at $84.49/b, while the NYMEX November light sweet crude contract was 42 cents/b (0.52%) higher at $81.73/b.   EIA week ending 10/8 Crude oil: +6.1M Gasoline: -2.0M Distillates: NC Refiner utilz: 86.7% Impld …

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Daily Capesize Review 14/10/21

Capesize freight rates extended losses with market selloff over prolonged period, amid bearish market sentiments. The Capesize 5 time charter average, then fell by $4,359 day-on-day to $70,181 on Thursday, following market selloff for sixth consecutive trading day. The Baltic Dry Index (BDI) continued to slip by $144, down 2.77% day-on-day, to $5,062, due to …

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