Category archives: Products

Daily DCE Review 15/9/21

Iron ore futures extended losses at the morning session, despite some rallies later to recover the loss grounds before the close. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 1.46% day-on-day or down RMB 10.50 to RMB 711/mt, during the day trading session on Tuesday. The rebar future plunged sharply …

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Iron Ore DCE Jan Daily Technical Review 15/9/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract refreshed a listed low during the day. The mid-run bearish has yet changed. Rebound previously created entrance opportunities for new short investors. Both highs and lows were decreasing fast. Reversal was difficult unless a quick push back with significantly increased volume. The first support …

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Daily Virtual Steel Mill Report 15/9/21

Market Verdict on Iron Ore： ·         Neutral to bearish. Macro ·         The United States recorded an annual rate of 5.3% without quarterly adjustment of CPI in August, in line with expectations. In August, the monthly rate of core CPI recorded 0.1%, the lowest since February this year. Analysts believed that this indicated inflation has peaked, …

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Daily Capesize Review 14/9/21

Capesize freight rates continued to march onward with gains as typhoon related weathers caused disruption in shipping schedules. The Capesize 5 time charter average, then rose by $784 day-on-day to $53,692 on Tuesday, as market slowed down after a huge daily spike in previous session. The Baltic Dry Index (BDI) then rose by $58, up …

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FIS Morning Report Tanker FFA 15-09-21

News Headlines: OIL DAYBOOK EUROPE: China’s Move to Curb Prices Has Market Wary (Bloomberg) China’s first auction of oil from its strategic reserves looks relatively paltry, but the possibility of further releases is still likely to exert a powerful influence on global crude prices.  * OIL FUTURES: Oil Extends Gains as Industry Report Shows Slump …

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FIS Fuel Oil Morning Report 15/09/21

At 10:25 am Singapore time (0225 GMT), the ICE November Brent futures contract was up 28 cents/b (0.38%) from the previous settle at $73.88/b, while the NYMEX October WTI contract was 30 cents/b (0.43%) higher at $70.76/b.   API Crude -5.437M Cushing -1.345M Gasoline -2.761M Distillate -2.888M   Around 720,217 b/d or 39.6% of Gulf …

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