Category archives: Products

Daily DCE Review 15/10/21

Iron ore futures failed to rally, despite low steel stocks and lesser iron ore supply from Rio Tinto as the miners reduced its annual guidance for 2021. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell slightly by 0.96% day-on-day or down RMB 7 to RMB 723.50/mt, during the day trading session …

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Iron Ore DCE Jan Daily Technical Review 15/10/21

Verdict – Short-term neutral. DCE iron ore January contract created a small round of rebound during Asian day session and retreated fast during the last few minutes, the intra-day high was away from last resistance. The support was significant on the 712.0 level. Hourly CCI was consolidating in the neutral range. Hourly slow stochastic KD …

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Daily Virtual Steel Mill Report 15/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         G20 Finance Minister believed that the pandemic related downside risk will still become an obstacle of global economy recovery, and encouraging countries to leverage political tools to counter against this pandemic impact. Iron Ore Key Indicators: ·         Platts 62% 126.00 (+2.40), MTD 122.83.PBF traded down 4 …

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Morning Tanker FFA Report 15/10/21

(Bloomberg) — China’s state-owned refiners will try to import more diesel as domestic prices skyrocket due to an energy crisis that’s sending shockwaves through global coal and natural gas markets. Diesel prices are at a three-year high in parts of China. * OIL FUTURES: Oil Set for Best Run of Weekly Gains Since 2015 on …

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Oil Morning Report 15/10/21

At 10:25 am Singapore time (0225 GMT), the ICE December Brent futures contract was up 49 cents/b (0.58%) from the previous close at $84.49/b, while the NYMEX November light sweet crude contract was 42 cents/b (0.52%) higher at $81.73/b.   EIA week ending 10/8 Crude oil: +6.1M Gasoline: -2.0M Distillates: NC Refiner utilz: 86.7% Impld …

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Daily Capesize Review 14/10/21

Capesize freight rates extended losses with market selloff over prolonged period, amid bearish market sentiments. The Capesize 5 time charter average, then fell by $4,359 day-on-day to $70,181 on Thursday, following market selloff for sixth consecutive trading day. The Baltic Dry Index (BDI) continued to slip by $144, down 2.77% day-on-day, to $5,062, due to …

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