Category archives: News

Daily Virtual Steel Mill Report 27/8/21

Market Verdict on Iron Ore： –  Neutral. Macro – The day before chairman Powell’s important speech, hawkish officials of the Federal Reserve urged to start reducing the Treasury Bond purchase plan. They believe that the plan has become ineffective or even harmful. Iron Ore Key Indicators: –  Platts62 $153.35, +3.90, MTD $159.72. – MySteel 45 …

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Oil Morning Report 27/08/21

Brent crude futures rose 98 cents, or 1.4%, to $72.05 a barrel at 0542 GMT, after falling 1.6% on Thursday. U.S. West Texas Intermediate (WTI) crude futures climbed 93 cents, or 1.4%, to $68.35 a barrel, clawing back a 1.4% loss on Thursday.   Following its recovery over the last week, the oil rally appears …

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FIS Morning Report Tanker FFA 27-08-2021

News Headlines: OIL DAYBOOK EUROPE: Gulf of Mexico to be Hit by Storm; CFTC Data (Bloomberg) A budding storm in the Caribbean is threatening to become a powerful hurricane that could wreak havoc across the Gulf of Mexico and slam into Louisiana or Texas by early next week. Oil and natural gas explorers with facilities …

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