Category archives: Products

FIS Fuel Oil Morning Report 13/10/21

At 10:30 am Singapore time (0230 GMT), the ICE December Brent futures contract was down 61 cents/b (0.73%) from the previous close at $82.81/b, while the NYMEX November light sweet crude contract was 58 cents/b (0.72%) lower at $80.06/b.   The pause in the recent sustained rally could prompt profit taking, but that may also …

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Daily DCE Review 13/10/21

Iron ore futures continued to slide on downward direction, as trade participants expected further steel output cuts for winter season. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped by 5.92% day-on-day or down RMB 46 to RMB 731/mt, during the day trading session on Wednesday. The rebar futures also went down …

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Iron Ore DCE Jan Daily Technical Review 13/10/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract hourly chart started a new correction phase from July 11th in short-run. The correction potentially continuous and testing low in the coming trading sessions. Hourly MACD widened below 0 axis. Hourly CCI entered a bearish territory. In short-run a breakdown on 720.0 would potentially …

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Daily Virtual Steel Mill Report 13/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         IMF decreased the global economy growth expectation and sent warning on stagflation. The global economy growth rate in July report decreased from 6% to 5.9% in the year 2021. The growth rate in the year 2022 expected at 4.9%. Iron Ore Key Indicators: ·         Platts62 $128.50, …

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Daily Capesize Review 12/10/21

Capesize freight rates fell further on steep selloff market actions, amid thin tonnage volumes and good market fundamentals. The Capesize 5 time charter average, then slipped down by $3,187 day-on-day to $79,535 on Tuesday, as paper market extended losses. The Baltic Dry Index (BDI) also dropped by $110, down 2% day-on-day, to $5,378, due to …

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