Category archives: Products

Daily Virtual Steel Mill Report 20/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China National Bureau of Statistics: Excavators production in July 18,357 sets, down 18.4% y-o-y. Jan-Jul total produced 232,633 sets, up 22.7% y-o-y. The year on year growth rate has decrease for consecutive four months. ·         500  concrete companies in China indicated last week …

Continue reading “Daily Virtual Steel Mill Report 20/8/21”

Tanker Morning Report 20/08/21

  News Headlines: Shipping Moving Towards Zero-Emission Period, but Pace is Still Quite Slow (Hellenic) More needs to be done, in order for shipping to transition to the zero-carbon era. The industry is estimated to be responsible for approx. 3.0% of global CO2 emissions, but several scientists have projected that the sector could account for …

Continue reading “Tanker Morning Report 20/08/21”

Morning Fuel Oil Report 20/08/21

Morning Oil Report   At 11:57 am Singapore time (0357 GMT), the ICE October Brent futures contract was up 32 cents/b (0.47%) from the previous close at $66.77/b, while the NYMEX September light sweet crude contract was 34 cents/b (0.53%) higher at $64.03/b.   Oil prices rose on Friday, pulling up from three-month lows, but …

Continue reading “Morning Fuel Oil Report 20/08/21”

Morning Steel and Scrap Report 19/08/21

FOB China HRC   The index fell by $6/t yesterday (18.8.21) to US$919/t, MTD US$927.58/t.   Beijing has pushed a “common prosperity” objective to reduce economic inequality, raising risks of an economic slowdown during the regulatory reset. Policymakers said they can counter that risk with monetary and fiscal support. Beijing also plans to add more …

Continue reading “Morning Steel and Scrap Report 19/08/21”