Category archives: News

Daily Virtual Steel Mill Report 12/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run bullish. Macro ·         U.S. dollar index DXY maintained consolidation from 90 – 90.3. ·         United Nations mid-year 2021 report indicated China growth expected to growth rate at 8.2%, higher than previous prediction at 7.2%. U.S. economy growth rate at 6.2%, higher than previous prediction as well. …

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Fuel Oil Morning Report 12/05/21

U.S. West Texas Intermediate (WTI) crude futures rose 21 cents, or 0.3%, to $65.49 a barrel at 0013 GMT, adding to a 36 cent rise on Tuesday. Brent crude futures climbed 15 cents, or 0.2%, to $68.70 a barrel, adding to a 23 cent gain on Tuesday.   API Crude -2.533M Cushing -1.209M Gasoline +5.640M …

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Daily Capesize Review 11/5/21

Capesize freight rates faced slight correction after recent paper rally, as the physical market failed to keep up with the market optimism. The Capesize 5 time charter average then dipped by $339 day-on-day to $42,031 on Tuesday, following a selloff in the trading session. The Baltic Dry Index (BDI) also inched up slightly by 0.43% …

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