Category archives: News

Daily Virtual Steel Mill Report 14/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China September Total Social Financing reached 2.9 trillion yuan, est. 3.05 trillion yuan, last 2.96 trillion yuan. China September M2 Monetary supply up 8.3% y-o-y, est. 8.2%, last 8.2%. ·         U.S. president Biden announced the biggest ports in U.S., Los Angeles port and Long Island Port …

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FIS Morning Report Tanker FFA 14 -10-21

News Headlines: Benchmark Oil Supertankers Turn Deeper Into Loss-Making Zone (Bloomberg) Earnings for hauling oil on the benchmark Middle East-to-China route dipped to -$301/day, according to Baltic Exchange data. * That’s down $295; rates edged lower on a Worldscale basis, to 40.27 * The biggest move for dirty tankers was on the TD9 Caribbean to …

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FIS Fuel Oil Morning Report 14/10/21

At 10:25 am Singapore time (0225 GMT), the ICE December Brent futures contract was up 9 cents/b (0.11%) from the previous close at $83.27/b, while the NYMEX November light sweet crude contract was 5 cents/b (0.06%) higher at $80.49/b.   API Crude +5.213MM Gasoline -4.575MM Distillate -2.707MM Cushing -2.275MM   US crude inventories rose 5.2 …

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