Category archives: News

Daily DCE Review 12/8/21

Iron ore futures closed on negative region, despite a late rally at the afternoon session before falling to a sharp drop again. The futures of Dalian Commodity Exchange (DCE) for September delivery then slumped by 2.16% day-on-day or down RMB 18.50 to RMB 838/mt, during the day trading session on Thursday. The rebar futures also …

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Iron Ore DCE Jan Daily Technical Review 12/8/21

Verdict – Short-term neutral, oversold currently. DCE iron ore January gave back all gains created on previous trading day. Iron ore ended an oversold rebound and return to a short-run consolidation area from 836.0- 874.5. If a breakdown through 836.0 and 823.5, iron ore will trigger a slump. Hourly slow stochastic KD fell quickly after …

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Daily Virtual Steel Mill Report 12/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         The U.S. Senate passed the 3.5 trillion U.S. dollar budget of Biden economic plan, used related to infrastructure investment. ·         China Ministry of Finance: building fiscal and tax policies to promote green and low-carbon development, will support the iron and steel and coal …

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Daily Capesize Review 11/8/21

Capesize freight rates rose on improved market sentiments with better physical shipping demand in the Atlantic market. The Capesize 5 time charter average, then rose by $459 day-on-day to $36,354 on Wednesday, due to firm showing seen in the Atlantic market. The Baltic Dry Index (BDI) also hiked up 1.04% day-on-day, or 35 points to …

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Fuel Oil Morning Report 12/08/21

Morning Oil Report     At 11:38 am Singapore time (0338 GMT), the ICE October Brent futures contract was up 11 cents/b (0.15%) from the previous close at $71.55/b while the NYMEX September light sweet crude contract was also up 11 cents/b (0.16%) at $69.36/b.   EIA week ending 8/6 Crude oil: -0.4M Gasoline: -1.4M …

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Tanker Morning Report 12/08/21

    News Headlines:   OIL DAYBOOK EUROPE: Red-Hot Summer Fizzles Out; IEA Report (Bloomberg)   The dazzling summer that was promised for global oil markets is coming to a subdued end, as the pandemic once again grips the biggest fuel consumers. Just a few weeks ago, Wall Street predictions that crude would hit pre-virus …

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