Category archives: Products

Iron Ore DCE Jan Daily Technical Review 18/10/21

Verdict – Short-term neutral. DCE iron ore January contract tested monthly low and recover fast to neutral area. If a new breakdown on the low of 686.0, iron ore potentially return to bear market in mid-run. Hourly iron ore was stuck in a correction phase because the highs of the descending tunnel were becoming lower. …

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Daily Virtual Steel Mill Report 18/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China central bank PBOC held a housing and financial market conference to guide major banks managing the housing related finance and maintain a stable and healthy housing market. Evergrande default risk and spillover was in general controllable. ·         China National Bureau of Statistics: Q3 GDP up …

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Daily DCE Review 18/10/21

Iron ore futures extended losses on poor China economic data, which showed a slowdown in industrial activities, due to power crunch. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.27% day-on-day or down RMB 16.50 to RMB 711/mt, during the day trading session on Monday. The rebar futures also inched …

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Morning Tanker FFA Report 18/10/21

News Headlines: OIL DAYBOOK EUROPE: Indian Diesel Demand Climbs; OPEC Compliance India’s diesel consumption is gathering pace with the onset of annual festivals, boosting sales to pre- pandemic levels in the first half of October in a sign that the economy is bouncing back. * OIL FUTURES: Oil Extends Gain After Eighth Weekly Advance on …

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ENGINE: Americas Bunker Fuel Market Update 15/10/21

Most major US and Latin American bunkering locations have seen prices rise with Brent in the past day, while Houston’s VLSFO price has come off slightly.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Balboa ($9/mt), New York and Los Angeles ($8/mt) and Zona Comun ($7/mt), and down …

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FIS Fuel Oil Morning Report 18/10/21

At 10:52 am Singapore time (0235 GMT), the ICE December Brent futures contract was up 94 cents/b (1.1%) from the previous close at $85.87/b, a high not seen since October 2018. The NYMEX November light sweet crude contract rose $1.33/b (1.61%) at $83.60/b. It was last higher on October 2014.   Investors were now eyeing …

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