Category archives: Products

Iron Ore DCE Sep Daily Technical Review 17/6/21

Verdict – Short-term neutral. DCE iron ore September contract recovered major loss by last trading day and return to previous consolidation range. The area of 1225.5-1233.0 provide major resistance, as the roof areas of many candles. Hourly MACD was narrowing below 0 axis. Hourly slow stochastic KD keep rebounding. However be aware of hourly candles, …

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Daily Virtual Steel Mill Report 17/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China National Bureau of Statistics spokeman said to pay attention to the fast increase on industrial raw materials, and decrease the cost pressure on enterprises by enhancing the market regulation. ·         China May above designated scale industrial enterprises added value at 8.8% y-o-y, …

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FIS Fuel Oil Morning Report 17/06/21

At 10:17 am Singapore time (0217 GMT), the ICE August Brent futures contract was down 77 cents/b (1.04%) from the previous settle at $73.62/b, while the NYMEX July light sweet crude contract was down 72 cents/b (1.00%) at $71.43/b.   EIA week ending 6/11 Crude oil: -7.4M Gasoline: +2.0M Distillates: -1.0M Refiner utilz: 92.6% Impld …

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FIS Morning Report Tanker FFA 17-06-21

News Headlines: Benchmark Oil Tanker Losses Ease; Med-Asia Clean Rates Rise (Bloomberg) Rates for hauling oil on the benchmark TD3C route edged higher to WS 31.14. That equates to a daily loss of -$4,309, compared with -$4,525 on Tuesday. Rates on the TD20 WAF-Continent route rose 2.9% to WS 49.73; that was the highest since …

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