Category archives: News

Ferrous trade weekly review 23/4/21

A total of 1.63 million mt of iron ores was traded for the week ended Apr 23, up 33% on-week, as iron ore prices moved to decade-high levels on good steel margins. During the week, there was plan for production curb in another Chinese steelmaking hub at Handan, with the elimination of obsolete output facilities. …

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Daily DCE Review 23/4/21

Iron ore futures closed the week on high note, with much rally throughout the week due to market optimism over good steel demand. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then rose by 1.19% day-on-day or up RMB 13 to RMB 1,104.50/mt on Friday. The steel rebar contract …

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Daily Capesize Review 22/4/21

Capesize freight rates dipped after recent rally with corrections in the paper market, amid the sluggish physical market. The Capesize 5 time charter average then inched up by $518 day-on-day to $33,808 on Thursday, as trade participants took a breather from the FFA market. The Baltic Dry Index (BDI) then rose by 1.48 % or …

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FIS Fuel Oil Morning Report 23/04/21

At 11:17 am Singapore time (0317 GMT), the ICE Brent June contract was up 27 cents/b (0.41%) from the April 22 settle at $65.67/b, while the June NYMEX light sweet crude contract was 36 cents/b (0.59%) higher at $61.79/b.   A relatively quiet week for news in oil this week with the EIA crude build …

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