Category archives: News

Daily DCE Review 23/7/21

Iron ore futures slumped during the morning session, amid slower steel consumption and higher port inventory. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 2.01% day-on-day or RMB 23 to RMB 1,124/mt during the day trading session on Friday. The rebar futures, however, went up by 2.20% day-on-day or RMB …

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Daily Capesize Review 22/7/21

Capesize freight rates improved due to tightened tonnage over typhoon concerns in the Pacific basin. The Baltic Dry Index (BDI) then increased by 1.47% day-on-day, up 45 points to 3,103 readings, due to the better freight rates.   Limited tonnage over typhoon development off China Market participants expected Typhoon In-Fa to constrain vessel supply in …

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Daily Virtual Steel Mill Report 23/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run bearish. Macro ·         President of Europe Central Bank Largede expected Q2 economy started to rebound in Europe area, and growth rate become stronger in Q3 supported by strong manufacturing industry. Largede expected EU will recover to pre-pandemic economy level in next Q1. Inflation was lower than …

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FIS Fuel Oil Morning Report 23/07/21

Brent crude settled at $73.79 a barrel, up $1.56, or 2.2%, while U.S. West Texas Intermediate (WTI) settled at $71.91 a barrel, rising $1.61, or 2.3%.   Over the past few days, oil has been recovering losses from the 7%+ drop that happened earlier in the week. The downtick in prices during the morning trade …

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FIS Morning Report Tanker FFA – 23-07-21

News Headlines: OIL DAYBOOK EUROPE: Venezuela Snubs U.S. Sanctions With Import (Bloomberg) Venezuela’s state-owned oil company imported a key component needed to achieve its goal of almost tripling crude production, defying U.S. efforts to isolate the Maduro regime. Venezuela wants to boost oil production to 1.5 million barrels a day by the end of this …

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