Category archives: News

Daily DCE Review 25/3/21

Iron ore futures rose higher on higher steel prices and margins, amid market concerns of stricter output curbs being extended to other Chinese provinces. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose for the third consecutive trading day by 2.74% day-on-day or up RMB 28.50 to RMB 1,067.50/mt on …

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Daily Capesize Review 24/3/21

Capesize freight rates continued to slide on sluggish market, but faced little impact from the blockage at Suez Canal. The Capesize 5 time charter average then dropped by $748 day-on-day to $18,366 on Wednesday, as cape derivative continued to decline. The Baltic Dry Index (BDI) also went down further by 3.39% or 77 points to …

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FIS Fuel Oil Morning Report 25/03/21

Brent crude futures slid $1.33, or 2.1%, to $63.08 a barrel at 0559 GMT, after jumping 6% overnight. U.S. West Texas Intermediate (WTI) crude futures dropped by $1.40, or 2.3%, to $59.78 a barrel, after climbing 5.9% overnight.   EIA week ending 3/19 Crude oil: +1.9M Gasoline: +0.2M Distillates: +3.8M Refiner utilz: 81.6% Impld mogas …

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