Category archives: Products

Morning Steel & Scrap Report 20/9/21

FOB China HRC The index kept flat on Friday (17.9.21) at US$909/t, MTD US$909/t.   Markets are inactive today with China on holiday for the Mid-Autumn Festival that runs through tomorrow.   Chinese production cuts have targeted rebar and wire rod output because the margins are narrower than for HRC. That led to prices to …

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Morning Oil Report 20/9/21

Brent crude futures fell 48 cents, or 0.6%, to $74.86 a barrel at 0410 GMT after losing 33 cents on Friday. U.S. West Texas Intermediate (WTI) crude futures fell 55 cents, or 0.8%, to $71.42 a barrel, after declining by 64 cents on Friday.   Oil fell with the greenback near a three-week high following …

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Daily DCE Review 20/9/21

Dalian Commodity Exchange (DCE) is closed for public holidays in China, before reopening in Sep 22. The long break could not hide the growing bearish market sentiment as iron ore prices slid toward the $100/mt mark, after a series of price corrections for last 4-5 weeks. More corrections might follow after the holidays as China’s …

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Daily Capesize Review 17/9/21

Capesize freight rates rebounded from a series of corrections, after gains were made in both basins. The Capesize 5 time charter average, then rose by $959 day-on-day to $53,240 on Friday, despite the absence of Chinese trade participants as they prepared for holiday celebrations. The Baltic Dry Index (BDI) then jumped by $60, up 1.42% …

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