Category archives: Products

Daily Capesize Review 23/9/21

Capesize freight rates rallied to record high levels, amid tight tonnage supply and improving shipping demand in both basins. The Capesize 5 time charter average, then rose by $1,968 day-on-day to $61,683 on Thursday, as market participants anticipated a super cycle ahead. The Baltic Dry Index (BDI) then jumped further by $91, up 2.00% day-on-day, …

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Daily Virtual Steel Mill Report 24/9/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         U.S. Markit Manufacturing PMI September  60.5, last 61.1. ·         Concrete on housing utilization rate slumped compared to the year 2020 in China, since several default on housing companies. The 500 sample concrete companies utilization rate at 19.39%, down 6.39% y-o-y. Iron Ore Key Indicators: ·         Platts …

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ENGINE: Americas Bunker Fuel Market Update 23/9/21

Americas bunker prices have taken mixed directions, with some rallying further up with Brent, and others coming off after making significant gains yesterday.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Houston ($6/mt) and Zona Comun ($4/mt), and down in New York ($14/mt), Los Angeles ($6/mt) and Balboa …

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Oil Morning Report 24/09/21

At 10:40 am Singapore time (0240 GMT), the ICE November Brent futures contract was down 15 cents/b (0.19%) from the previous close at $77.10/b, while the NYMEX November light sweet crude contract was 20 cents/b (0.27%) lower at $73.10/b.   ANZ research analysts noted that Brent crude oil prices were still at a three-year high …

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