Category archives: News

Ferrous trade weekly review 5/3/21

A total of 1.07 million mt of iron ores was traded for the week ended Mar 5, up 44.59% on-week from previous week trade volumes, as most Chinese participants geared up for the construction season in March. However, some market uncertainty rose during the week, due to the commencement of China’s Two Sessions meeting as …

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Daily DCE Review 5/3/21

Iron ore futures reversed into losses, due to lower steel prices and market uncertainty over the Two Sessions meeting in Beijing. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then slid up by 3.26% day-on-day or RMB 38 to RMB 1,127.50/mt on Friday. The steel rebar contract on the Shanghai Futures …

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FIS Fuel Oil Morning Report 05/03/21

Brent crude futures for May rose 83 cents, or 1.2%, to $67.57 a barrel at 0609 GMT, and was on track for a 2% gain in the week. The European benchmark pushed throughout the morning to reach $68.00 by 0700GMT. U.S. West Texas Intermediate (WTI) crude futures were up 77 cents, or 1.2%, to $64.60 …

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Daily Capesize Review 4/3/21

Capesize freight rates stabilized and took a breather, after recent rally with market talks of super cycle. The Capesize 5 time charter average then slipped slightly by $36 day-on-day to $13,874 on Thursday, due to the market volatility. The Baltic Dry Index (BDI) continued to rally on the strength of smaller vessel and gained slightly …

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