Category archives: News

Daily DCE Review 19/5/21

Iron ore futures dipped by the close of the day trading session, as trade participants expected more top-down measures to cool the market.   The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped for the second consecutive day by 3.25% on-day or up RMB 40 to RMB 1,192.50/mt on Wednesday.   The …

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Daily Capesize Review 18/5/21

Capesize freight rates dipped further despite a better showing from the physical market that led some trade participants to believe the freight rates were bottoming up. The Capesize 5 time charter average then fell by $1,273 day-on-day to $31,429 on Tuesday, despite some improvement in the physical market. The Baltic Dry Index (BDI) also went …

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Fuel Oil Morning Report 19/05/21

Brent crude futures fell 73 cents, or 1.1%, to $67.98 a barrel at 0452 GMT. It settled 1.1% lower on Tuesday after briefly climbing above $70 earlier in the session. U.S. West Texas Intermediate (WTI) crude futures dropped 77 cents, or 1.2%, to $64.72 a barrel, following a 1.2% fall on Tuesday.   API Crude …

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Morning Report Tanker FFA 19/05/21

OIL DAYBOOK EUROPE: Talks of an Iranian Breakthrough Dialed Back (Bloomberg) A senior Russian diplomat denied reports that he expects an imminent breakthrough in critical negotiations over restoring the Iranian nuclear deal, after tweets suggesting such an advance triggered a slump in oil prices below $65 as Stockpiles Expand, Iran Talks Cast Shadow.     …

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