Iron Ore DCE Sep Daily Technical Review 29/7/21

Verdict – Short-term neutral, slow down on correction. DCE iron ore September tested two months low at 1094.0 and rebounded fast before closing to recover partial loss. In general, the support around 1110- 1113.5 was strong even it was broken during the market, since price and volume went up to push price back quickly. A …

Daily Virtual Steel Mill Report 29/7/21

Market Verdict on Iron Ore: ·         Iron ore short-run neutral. Macro ·         U.S. Federal maintained 0-0.25% unchanged as interest rate, fell in expectation. ·         FTSE A50 Index rebounded near 3% overnight. Shanghai Equity rebounded 1.5% in early afternoon. Iron Ore Key Indicators: ·         Platts62 $201.25, +0.80, MTD $214.54. ·         China Iron and Steel Association(CISA): The …

Daily Capesize Review 28/7/21

Capesize freight rates moved flatly with some improvement in the physical market, which led some trade participants to believe that the market had found the bottom. The Capesize 5 time charter average, then dipped slightly by $24 day-on-day to $31,856 on Wednesday, despite increase of shipping activities in the physical market. The Baltic Dry Index …

FIS Fuel Oil Morning Report 29/07/21

Brent crude oil futures gained 36 cents, or 0.5%, to $75.10 a barrel by 0247 GMT, while U.S. West Texas Intermediate (WTI) crude oil futures increased by 33 cents, or 0.5%, to $72.72 a barrel.   EIA week ending 7/23 Crude oil: -4.1M Gasoline: -2.3M Distillates: -3.1M Refiner utilz: 91.1% Impld mogas demand: 9.33 Mbpd …

FIS Morning Report Tanker FFA 29-07-21

News Headlines: OIL DAYBOOK EUROPE: Total, Equinor Exit Venezuela JV; Saudi OSP (Bloomberg) French oil company TotalEnergies SE and Norway’s Equinor ASA are exiting a key venture in Venezuela, adding to an exodus of overseas firms as the country’s energy industry withers. OIL FUTURES: Oil Extends Advance as U.S. Stockpiles Decline Please click below to …