Daily Virtual Steel Mill Report 23/8/21

Market Verdict on Iron Ore: ·         Iron ore short-run neutral. Macro ·         U.S. Dollar reached the highest since last November on last Friday. Dollar entered a strong cycle. Iron Ore Key Indicators: ·         Platts 62% 139.10 (+8.90), MTD 163.36. ·         Jan -Jul China  recycled iron and steel imported 420,500 tonnes. Major import from Japan. SGX …

Tanker Morning Report 23/8/21

News Headlines:   OIL DAYBOOK EUROPE: Asia’s Excess Diesel to Head West; Margins  (Bloomberg)   When the pandemic spread across Asia last year, oil traders sent an armada of tankers to haul excess diesel supplies out of the region. Now, as the delta variant of the coronavirus rips across the continent, the same thing could happen …

China Wuxi Cobalt Index Weekly Technical Review 23/8/2021

Verdict – Short-term neutral to bullish. China Wuxi Cobalt slight rebound but in general maintained stable during the past week. However MACD is creating a gold cross. Daily slow stochastic KD created gold cross above oversold area. CCI rebounded fast to reach bullish area. A potential bottom area is created if Cobalt rebounded with volume …

Singapore Iron Ore Derivatives 20/08/21

Iron Ore Market Update   Market Commentary   Iron ore rebounded on Friday, but any gains were largely capped as concerns over faltering steel demand linger. Some market participants have likened the uptick to the minimal increase of steel inventories. According to the data published by Mysteel, steel inventories among Chinese steel mills had only …

ENGINE: Global Bunker Fuel Market Update 20/08/21

ENGINE: Global Market Update   Global bunker prices are moving in mixed directions today amid steady Brent values. Changes in the day to 08.00 GMT today:   VLSFO prices down in Singapore ($1/mt), steady in Rotterdam and Gibraltar and up in Fujairah ($1/mt) and Houston ($5/mt) LSMGO prices down in Singapore ($3/mt), Rotterdam ($2/mt) and …