Category archives: Products

Daily DCE Review 30/6/21

Iron ore futures fell for the second consecutive trading day, as steel demand slowed for the upcoming political party celebration and poor economic indicators. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped down by 0.72% day-on-day or RMB 8.50 to RMB 1,165/mt at the close of day trading session on Wednesday. …

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Daily Capesize Review 29/6/21

Capesize freight rates continued to rise on better market sentiment for the physical market, after a sluggish start of the week. The Capesize 5 time charter average, then rose up by $951 day-on-day to $34,299 on Tuesday, due to better physical market. The Baltic Dry Index (BDI) also hiked up by 2.83% day-on-day, up 94 …

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FIS Morning Report Tanker FFA 30-06-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Delays Minister Talks to Bridge Divide (Bloomberg) OPEC and its allies delayed preliminary talks between ministers by a day to allow members more time to resolve differences, according to delegates. OIL FUTURES: Oil Set for Best Half Since 2009 as Recovery Accelerates.   Europe’s Imports of Clean Fuels from …

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FIS Fuel Oil Morning Report 30/06/21

At 11:13 am Singapore time (0311 GMT), the ICE August Brent futures contract was up 43 cents/b (0.58%) from the previous close at $75.19/b while the NYMEX August light sweet crude contract was up 49 cents/b (0.67%) at $72.98/b.   API Crude -8.153M Cushing -1.318M Gasoline +2.418M Distillate +0.428M   Oil prices steadied on Tuesday …

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Iron Ore DCE Sep Daily Technical Review 30/6/21

Verdict – Short-term neutral. DCE iron ore September contract consolidated during the current two days. Currently box range from 1135.0- 1171.0. Hourly MACD potentially create gold cross. Hourly KD created gold cross above oversold area. CCI created bullish divergence with price. Technical signals were indicating a potential test high in the next session. The first …

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Daily Virtual Steel Mill Report 30/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral to bearish. Macro ·         World Bank increased the China economy growth rate from 8.1% to 8.5%. China was the major economic entity after the pandemic recovery, where industry and consumption activities had recovered to pre-pandemic level. Moody expected China GDP in the year 2021 reached …

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