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Category archives: Products
Daily DCE Review 22/9/21
Iron ore futures rallied at the day session, as trade participants returned from the long public holidays in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 3.72% day-on-day or up RMB 24 to RMB 668.50/mt, during the day trading session on Wednesday. The rebar future also jumped up by …
Freight Morning Technical 22/09/21
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Daily Capesize Review 21/9/21
Capesize freight rates continued to rise by the firm Pacific basin, despite market uncertainty over the Chinese property sector. The Capesize 5 time charter average, then rose by $2,474 day-on-day to $56,269 on Tuesday, despite the absence of some Chinese trade participants on holiday celebrations. The Baltic Dry Index (BDI) then jumped by $106, up …
Steel & Scrap Morning Report 22/09/21
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Base Morning Intraday Note 22/09/21
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FIS Fuel Oil Morning Report 22/09/21
At 10:30 am Singapore time (0230 GMT), the ICE November Brent futures contract was up 50 cents/b (0.67%) from the previous close at $74.86/b, while the NYMEX November light sweet crude contract was 59 cents/b (0.84%) higher at $71.08/b. API Crude -6.108M Cushing -1.748M Gasoline -0.432M Distillate -2.720M Highlighting tight supply as demand …
Iron Ore DCE Jan Daily Technical Review 22/9/21
Verdict – Short-term bullish. DCE iron ore January contract ended the consecutive losses over the previous eight trading days and created a 10% increase from the opening of the day. Hourly MACD created gold cross. Hourly slow stochastic KD started to push after created gold cross in oversold area. Hourly CCI rebounded from bearish territory …
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Daily Virtual Steel Mill Report 22/9/21
Market Verdict on Iron Ore: · Neutral. Macro · OECD predicted that the global economic increase at 5.7% in the year 2021, G20 growth rate at 6.1%, down 0.1% and 0.2% respectively from the last expectation in May. China growth rate at 8.5% in the year 2021, and 5.8% in the year 2022, unchanged from …
ENGINE: Americas Bunker Fuel Market Update 21/9/21
Bunker prices are mostly trending downwards in the Americas, and bunkering is expected to resume in Zona Comun with calmer weather tomorrow. Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($25/mt), steady in Houston, and down in Zona Comun ($8/mt), New York ($4/mt) and Balboa ($3/mt) …
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