Category archives: News

FIS Fuel Oil Morning Report 28/1/21

U.S. West Texas Intermediate (WTI) crude futures fell 33 cents, or 0.62%, to $52.52 a barrel at 0452 GMT, erasing Wednesday’s gain. Brent crude futures fell 36 cents, or 0.65%, to $55.45 a barrel before softening to lows of $55.31 by 0710GMT, after losing 10 cents on Wednesday.   EIA week ending 1/22 Crude oil: …

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Daily Capesize Review 27/1/21

Capesize freight rates continued the downward trend with softening physical market that caused a selloff in the paper market. The Capesize 5 time charter average then dived further by $2,919 day-on-day to $17,790 on Wednesday, despite some late buying activities as some buyers tried to pick from the market bottom. The Baltic Dry Index (BDI) …

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Ferrous Daily Physical Review 28/1/21

Ferrous Market –    DCE added BX Steel pelletizing fine, IOC6, Kumba and Ukraine pelletizing fine into deliverable brands. The increase on deliverable iron ores would decrease the market corner chances during and before delivery month. –    Ganggu Construction Steel Inventory: production 4.999 million tonnes, down 27,600 tonnes w-o-w. Mills inventory 5.91 million tonnes, up 345,600 …

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Iron Ore DCE May Daily Technical Review 28/1/21

Verdict – Short-term bearish.   DCE iron ore corrected and breakdown two support above 1000. A breakdown further on 959.0 level would indicate a mid-run bearish created. The major correction was motivated by new short building positions. Hourly KD created dead cross early in this morning. CCI hourly created the lowest after Dec 29th, 2020. …

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