Category archives: News

Daily DCE Review 4/5/21

Iron ore futures came to a standstill following holidays season in China, despite gains in steel billet prices. Tangshan billet prices then rose by RMB 30 on-day to RMB 5,040/mt on Tuesday, May 4 after billet prices stabilized under the RMB 5,000/mt level since end-April.   Billet margins soar to record high level     Chinese …

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Daily Capesize Review 3/5/21

Capesize freight rates started the week slow due to thin trading activities from holidays periods in China and Greece. The sluggish market movement might halt the positive momentum on freight rates by the end of April and only recovered with the returns of the trade participants from holidays. The Baltic Dry Index (BDI) however managed …

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FIS Fuel Oil Morning Report 04/05/21

Brent crude futures rose 6 cents, or 0.1%, to $67.62 a barrel at 0329 GMT, after climbing 1.2% on Monday. U.S. West Texas Intermediate (WTI) crude futures also ticked 5 cents, or 0.1% higher, to $64.54 a barrel, after gaining 1.4% on Monday. The weaker dollar after a worse than anticipated US manufacturing growth figure …

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