Category archives: News

Daily Virtual Steel Mill Report 29/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         U.S. Federal maintained 0-0.25% unchanged as interest rate, fell in expectation. ·         FTSE A50 Index rebounded near 3% overnight. Shanghai Equity rebounded 1.5% in early afternoon. Iron Ore Key Indicators: ·         Platts62 $201.25, +0.80, MTD $214.54. ·         China Iron and Steel Association(CISA): The …

Continue reading “Daily Virtual Steel Mill Report 29/7/21”

Daily Capesize Review 28/7/21

Capesize freight rates moved flatly with some improvement in the physical market, which led some trade participants to believe that the market had found the bottom. The Capesize 5 time charter average, then dipped slightly by $24 day-on-day to $31,856 on Wednesday, despite increase of shipping activities in the physical market. The Baltic Dry Index …

Continue reading “Daily Capesize Review 28/7/21”

FIS Fuel Oil Morning Report 29/07/21

Brent crude oil futures gained 36 cents, or 0.5%, to $75.10 a barrel by 0247 GMT, while U.S. West Texas Intermediate (WTI) crude oil futures increased by 33 cents, or 0.5%, to $72.72 a barrel.   EIA week ending 7/23 Crude oil: -4.1M Gasoline: -2.3M Distillates: -3.1M Refiner utilz: 91.1% Impld mogas demand: 9.33 Mbpd …

Continue reading “FIS Fuel Oil Morning Report 29/07/21”

FIS Morning Report Tanker FFA 29-07-21

News Headlines: OIL DAYBOOK EUROPE: Total, Equinor Exit Venezuela JV; Saudi OSP (Bloomberg) French oil company TotalEnergies SE and Norway’s Equinor ASA are exiting a key venture in Venezuela, adding to an exodus of overseas firms as the country’s energy industry withers. OIL FUTURES: Oil Extends Advance as U.S. Stockpiles Decline Please click below to …

Continue reading “FIS Morning Report Tanker FFA 29-07-21”