Category archives: News

Daily DCE Review 11/3/21

Iron ore futures rebounded from previous trading day losses and closed higher at the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), rose by 5.55% day-on-day or up RMB 57.50 to RMB 1,093.50/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange followed the rally and hiked …

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Daily Capesize Review 10/3/21

Capesize freight rates continued to firm up on bullish paper market with strong gains in both basins. The Capesize 5 time charter average then surged up by $1,719 day-on-day to $17,889 on Wednesday, due to better shipping outlooks. The Baltic Dry Index (BDI) also hiked up by 4.16% or 79 points to 1,980 readings, amid …

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FIS Fuel Oil Morning Report 11/03/21

Brent crude oil futures for May rose 55 cents, or 0.8%, to $68.45 a barrel by 0328 GMT, while U.S. West Texas Intermediate crude for April was up 52 cents, or 0.8%, at $64.96.   EIA week ending 3/5 Crude oil: +13.8M Gasoline: -11.9M Distillates: -5.5M Refiner utilz: 69.0% Impld mogas demand: 8.73Mbpd   Gains …

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