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Category archives: Products
Daily DCE Review 14/10/21
Iron ore futures continued to decline amid bearish market sentiments on power rationing that limited steel output and raw materials demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.90% day-on-day or down RMB 22 to RMB 736/mt, during the day trading session on Thursday. The rebar futures also dipped …
Freight Morning Technical 14/10/21
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Steel and Scrap Report 14/10/21
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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. …
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 …
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 …
Base Morning Intraday Note 14/10/21
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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 …