Category archives: Products

Daily Capesize Review 13/10/21

Capesize freight rates continued to decline on bearish market sentiments upon market uncertainty over demand. The Capesize 5 time charter average, then slid by $4,995 day-on-day to $74,540 on Wednesday, following an extended selloff session. The Baltic Dry Index (BDI) also dropped by $172, down 3.20% day-on-day, to $5,206, due to weakening freight rates.   …

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Iron Ore DCE Jan Daily Technical Review 14/10/21

Verdict – Short-term neutral. DCE iron ore January contract maintained neutral in short-run after a round of rebound from late September. However iron ore potentially keep pushing if a new breakthrough on 748.0-753.5 area. Hourly KD created gold cross above oversold area. Hourly CCI rebounded stably. Technical signals were indicating the correction motivation was limited …

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Daily Virtual Steel Mill Report 14/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China September Total Social Financing reached 2.9 trillion yuan, est. 3.05 trillion yuan, last 2.96 trillion yuan. China September M2 Monetary supply up 8.3% y-o-y, est. 8.2%, last 8.2%. ·         U.S. president Biden announced the biggest ports in U.S., Los Angeles port and Long Island Port …

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FIS Morning Report Tanker FFA 14 -10-21

News Headlines: Benchmark Oil Supertankers Turn Deeper Into Loss-Making Zone (Bloomberg) Earnings for hauling oil on the benchmark Middle East-to-China route dipped to -$301/day, according to Baltic Exchange data. * That’s down $295; rates edged lower on a Worldscale basis, to 40.27 * The biggest move for dirty tankers was on the TD9 Caribbean to …

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FIS Fuel Oil Morning Report 14/10/21

At 10:25 am Singapore time (0225 GMT), the ICE December Brent futures contract was up 9 cents/b (0.11%) from the previous close at $83.27/b, while the NYMEX November light sweet crude contract was 5 cents/b (0.06%) higher at $80.49/b.   API Crude +5.213MM Gasoline -4.575MM Distillate -2.707MM Cushing -2.275MM   US crude inventories rose 5.2 …

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