Category archives: Products

Oil Through the Looking Glass 26/1/21

IMF Forecasts 21% Rebound In Crude Oil Prices For 2021 To Just Above $50/B The IMF forecasts oil prices to average just above $50 per barrel in 2021, which would be 21% above the 2021 average for the year as the price recovery comes from the roll out of vaccines and potential recovery of many …

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Iron Ore Offshore Nov 20 Morning Technical Comment – 240 Min Chart (rolling contract) 26/1/21

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Daily DCE Review 26/1/21

Iron ore futures opened high but dipped at the close with further market selloff, as restocking activities slowed. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE) dropped by 1.54% day-on-day or RMB 16 to RMB 1,025/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange however, gained slightly by …

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Daily Capesize Review 25/1/21

Capesize freight rates continued it downward spiral with softening physical demand in both basins that were affected by unfavorable weather conditions. The Capesize 5 time charter average then slid further by $1,265 day-on-day to $23,366 on Monday, due to slow start to the trading week. The Baltic Dry Index (BDI) also headed southward on weakening …

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FIS Fuel Oil Morning Report 26/01/2021

Brent crude was down 28 cents, or 0.5%, at $55.60 by 0431 GMT, while U.S. crude fell 25 cents, or 0.5%, to $52.52. Both rose nearly 1% on Monday.   The continuing theme of oil being capped comes from the rising coronavirus cases globally, but also the dwindling hope of a stimulus package in the …

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