Category archives: Products

Daily Virtual Steel Mill Report 2/9/21

Market Verdict on Iron Ore： ·          Neutral. Macro ·         U.S. ISM announced last month U.S. PMI reached 59.9. However the price indicator of Manufacturing industry dropped from 85.7 to 79.4 from July to August, created the eight month low, which potentially symbolized that inflation reached a roof area. ·         Germany central bank indicated that European …

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Morning Oil Report 02/09/21

At 10:40 am Singapore time (0240 GMT), the ICE November Brent futures contract was down 35 cents/b (0.49%) from the previous close at $71.24/b, while the NYMEX October light sweet crude contract was 43 cents/b (0.63%) lower at $68.16/b.   The OPEC+ alliance in its meeting Sept. 1 agreed to increase crude output by 400,000 …

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Morning Tanker FFA Report 2/9/21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Sticks to Agreed Plan for Supply Hikes (Bloomberg) OPEC and its allies agreed to stick to their existing plan for gradual monthly oil-production increases after a brief video conference. * OIL FUTURES: Oil Declines After OPEC+ Alliance Agrees to Return More Barrels     As OPEC+ Plans More Oil, …

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