Category archives: News

Daily DCE Review 25/1/21

Iron ore futures traded high on the morning session but faced some correction in afternoon session in a volatile trading market. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped slightly by 0.71% day-on-day or RMB 7.50 to RMB 1,047/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange …

Continue reading “Daily DCE Review 25/1/21”

Daily Capesize Review 22/1/21

Capesize freight rates headed south again in another round of volatile trading in the market with concerns over cyclone development and lower shipping demand. The Capesize 5 time charter average then fell further by $884 day-on-day to $24,631 on Friday, with lower paper volume traded in a volatile market. The Baltic Dry Index (BDI) moved …

Continue reading “Daily Capesize Review 22/1/21”

Oil Morning Report 25/01/2021

Brent crude futures for March fell 8 cents, or 0.1%, to $55.38 a barrel by 0717 GMT, while U.S. West Texas Intermediate crude for March was at $52.26 a barrel, down 1 cent.   EIA week ending 1/15 Crude oil: +4.4M Gasoline: -0.3M Distillates: +0.5M Refiner utilz: 82.5% Impld mogas demand: 8.11 Mbpd   Prices …

Continue reading “Oil Morning Report 25/01/2021”