FOB China HRC The index fell by $2/t yesterday (25.8.21) to US$908/t, MTD US$922.82/t. Cisa member mills reverses early August Crude steel output cuts, increasing output by 4.6pc to 2.1379mn t/day over 11-20 August from 1-10 August. The output was still 1.1pc lower from a year earlier. There are no changes for major …
Category archives: Products
Daily Capesize Review 25/8/21
Capesize freight rates took a breather from recent bullish run, as trade participants went for profit-takings in the paper market. The Capesize 5 time charter average, then fell by $810 day-on-day to $50,662 on Thursday, following the market selloff, despite good market fundamentals. The Baltic Dry Index (BDI) followed the dip and dropped to $4,193, …
Daily Virtual Steel Mill Report 26/8/21
Market Verdict on Iron Ore： · Neutral to bullish Macro · S&P 500 and Nasdaq closed on prehistoric high yesterday. Iron Ore Key Indicators: · Platts62 $149.45, +0.85, MTD $160.09. · Brazil Minas Gerais State No. 8 iron ore miner received environment approval by the end of year 2021, and the miner will immediately start …
Iron Ore DCE Jan Daily Technical Review 26/8/21
Verdict – Short-term neutral. DCE iron ore January contract reached 7 day high intra-market, however gave back most of gains. In general iron ore maintained oversold rebound this week. However 844.0 rejected iron six times from hourly chart, which was a strong resistance in short-run. Hourly candles created higher consolidation area, and proved a rebound …
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Morning Fuel Oil 26/08/21
Morning Oil Report Brent crude rose $1.20, or 1.7%, to settle at $72.25 a barrel. U.S. West Texas Intermediate (WTI) crude gained 82 cents, or 1.2%, to end at $68.36 a barrel. U.S. gasoline futures rose 5.5% to settle at $2.3008 a gallon. During the session, prices reached $2.3026 a gallon, their highest since …
Tanker Morning Report 26/08/21
News Headlines: OIL DAYBOOK EUROPE: Indian Jet Fuel Demand Climbs; U.S. Driving (Bloomberg) People across India are taking to the skies after months stuck in their homes during a deadly Covid-19 wave, driving a spike in demand for jet fuel, the oil product hit hardest by the ongoing pandemic. Americans Keep Driving Despite …
Fertilizer Market Report 25/08/21
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London Coking Coal Market Report 25/08/21
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Capesize & Panamax FFA Daily Report 25/08/21
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Supramax & Handysize FFA Daily Report 25/08/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630