Category archives: Products

Daily Capesize review 13/1/21

Capesize freight rates inched higher, despite correction in the paper market and cooling off in the physical market. The Capesize 5 time charter average then rose slightly by $68 day-on-day to $26,489 on Wednesday, despite a selloff in the paper market. The Baltic Dry Index (BDI) managed to rise slightly by 0.38% or 7 points …

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Morning Oil Report 14/1/21

Brent crude oil futures fell 18 cents, or 0.3%, to $55.88 a barrel by 0425 GMT, while U.S. West Texas Intermediate (WTI) slipped by 11 cents, or 0.2%, to $52.80 a barrel.   EIA week ending 1/8 Crude oil: -3.2M Gasoline: +4.4M Distillates: +4.8M Refiner utilz: 82.0% Impld mogas demand: 7.53 Mbpd   Robust Chinese …

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Daily Ferrous Physical Review 14/1/21

Ferrous Market –    MySteel Rebar Inventory: Rebar production 3.45 million tonnes, down 1.18% w-o-w. Mills inventory 2.76 million tonnes, up 6.27% w-o-w. Circulation inventory 4.25 milliontonnes, up 7.51% w-o-w. –    Fe Limited planed to ship JWD iron ore from the Q2 2021. The miner expected to start operation in Q1 2021. –    Brazil high silicon …

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Iron Ore DCE May Daily Technical Review 14/1/21

Verdict – Short-term neutral.   DCE iron ore rebounded and resisted by major resistance at 1060. Be aware of cross day short-run trades, which happen few times from late December. A breakthrough on 1079.0 would bring iron ore back to bullish territory. Hourly MACD created gold cross and widened. Slow stochastic KD also created gold …

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