Category archives: News

Daily DCE Review 4/2/21

Iron ore futures jumped on better post-Lunar New Year demand, which resulted a rally in the afternoon session. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), jumped by 5.26% day-on-day or RMB 49.50 to RMB 991/mt on Thursday. The steel rebar contract on the Shanghai Futures Exchange also rose by 1.94% …

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FIS Fuel Oil Morning Report 4/2/21

Brent crude futures gained 47 cents, or 0.8%, to $58.93 a barrel, by 0317 GMT with levels reaching $59 by 0745GMT, having earlier hit their highest since Feb. 21, 2020 in the wake of the OPEC+ decision. U.S. West Texas Intermediate (WTI) crude futures climbed 49 cents, or 0.9%, to $56.18 a barrel after reaching …

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Daily Capesize Review 3/2/21

Capesize freight rates slid downward on muted physical market with Lunar New Year holidays round the corner. The Capesize 5 time charter average then slumped further by $1,251 day-on-day to $12,802 on Wednesday, after a choppy trading session. The Baltic Dry Index (BDI) also continued to dip further by 3.84% day-on-day or 53 points to …

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