Category archives: News

Fuel Oil Morning Report 26/02/21

U.S. West Texas Intermediate (WTI) crude futures dropped 72 cents, or 1.1%, to $62.81 a barrel at 0516 GMT, giving up all of Thursday’s gains. Brent crude futures for April, which expires on Friday, fell 63 cents, or 0.9%, to $66.25 a barrel, following a 16-cent loss on Thursday. The more active May contract was …

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Daily DCE Review 26/2/21

Iron ore futures closed higher at the afternoon session, despite a sluggish start in the morning session, amid good steel consumption for the week. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose by 1.72% day-on-day or RMB 19.50 to RMB 1,151/mt on Friday. The steel rebar contract on the …

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Daily Capesize Review 25/2/21

Capesize freight rates fell on market volatility, despite some upward momentum seen in the C5 in the paper market. The Capesize 5 time charter average then dipped slightly by $112 day-on-day to $12,203 on Thursday, amid a choppy session for the FFAs market. Thus, the Baltic Dry Index (BDI) also dropped slightly by 0.53% or …

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