Category archives: News

Daily DCE Review 16/4/21

Iron ore futures closed the week on positive note, after much rally on the week due to market talks over easing of output restrictions. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then inched up by 0.92% day-on-day or up RMB 9.50 to RMB 1,046/mt on Friday. The steel …

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Daily Capesize Review 15/4/21

Capesize freight rates rallied further on market optimism over better shipping demand and fundamentals in both basins. The Capesize 5 time charter average then rose by $1,925 day-on-day to $28,056 on Thursday, due to booming paper market. The Baltic Dry Index (BDI) also rose further by 6.66% or 145 points to 2,323 readings, supported by …

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FIS Fuel Oil Morning Report 16/04/2021

Brent crude futures rose 13 cents, or 0.2%, to $67.07 a barrel at 0508 GMT, following a 36-cent rise on Thursday. U.S. West Texas Intermediate (WTI) crude futures were 12 cents, or 0.2%, higher to $63.58 a barrel, after climbing 31 cents on Thursday.   Propping up market sentiment are reports that the US economic …

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