Category archives: Products

Daily DCE Review 22/6/21

Iron ore futures declined for the second consecutive trading day, due to weakening steel prices and margin amid seasonal lull steel demand. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 2.69% day-on-day or down RMB 31.50 to RMB 1,139/mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange …

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Daily Capesize Review 21/6/21

Capesize freight rates continued to soften at the start of the week, following the previous slump over bearish market sentiments. The Capesize 5 time charter average, then dropped down by $630 day-on-day to $32,785 on Monday, after a selloff in the paper market. The Baltic Dry Index (BDI) then slipped down by 0.87% on-day, down …

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FIS Fuel Oil Morning Report 22/06/21

At 11:11 am Singapore time (0311 GMT), the August ICE Brent crude futures contract was up 23 cents/b (0.31%) from the previous settle at $75.13/b, while the NYMEX July light sweet crude contract slipped 2 cents/b (0.03%) at $73.64b.   The stability in prices this morning comes after both markers closed at landmark highs on …

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FIS Morning Report Tanker FFA 22-06-21

News Headlines: OIL DAYBOOK EUROPE: Challenges Growing for Refiners; China Quota (Bloomberg) A key oil refinery for U.S. East Coast consumers is halting operations after escalating environmental scrutiny made it impossible for backers to obtain desperately needed financing. The owners of the Limetree Bay refinery in the U.S. Virgin Islands announced plans Monday to shut …

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