Category archives: Products

Daily Virtual Steel Mill Report 21/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run bearish. Macro ·         U.S. 10 year treasury bonds yield corrected to 1.425%, which was a new low from March, 2021. ·         On June 18th, China PM Li Keqiang held a conference to conduct a decrease on mid-small capital enterprises fees and tax, to decrease the upstream …

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Daily Capesize Review 18/6/21

Capesize freight rates plunged to a sharp drop after a cooling off from the physical market after a handful of trades. The Capesize 5 time charter average, then slumped down by $1,515 day-on-day to $33,415 on Friday, after sharp drops seen in both basins. The Baltic Dry Index (BDI) then dropped by 1.50% on-day, down …

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FIS Fuel Oil Morning Report 21/06/2021

At 11:28 am Singapore time (0328 GMT), the ICE August Brent futures contract was up 47 cents/b (0.64%) from the previous settle at $73.98/b, while the NYMEX WTI July light sweet crude contract was up 55 cents/b (0.77%) at $72.19/b.   News over the weekend saw Iraq state news agency report that oil would reach …

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FIS Morning Report Tanker FFA 21-06-2021

News Headlines: China Lifts Oil Imports From Saudi Arabia, UAE, Oman Last Month (Bloomberg) China increased oil imports from Saudi Arabia, the UAE and Oman in May, according to General Administration of Customs data     Iran’s ‘ghost armada’ of 123 sanction-busting tankers is selling black market oil to China to bankroll its secret (Bloomberg) …

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