Category archives: Products

Daily Capesize Review 12/8/21

Capesize freight rates rose on bullish market sentiments as key routes spotted better gains on active market. The Capesize 5 time charter average, then rose by $1,863 day-on-day to $38,217 on Thursday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up 2.73% day-on-day, or 93 points to 3,503 readings, due to better …

Continue reading “Daily Capesize Review 12/8/21”

Iron Ore DCE Jan Daily Technical Review 13/8/21

Verdict – Short-term neutral, oversold currently. DCE iron ore January created new low from March 24th. Hourly MACD flattened. Hourly slow stochastic KD created gold cross above oversold area. Hourly CCI entered neutral area from bearish area. If an effective breakthrough on 845.0 would indicate a fast rebound to approach 874.5 area. The first support …

Continue reading “Iron Ore DCE Jan Daily Technical Review 13/8/21”

Daily Virtual Steel Mill Report 13/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         In July, the electricity consumption continued to grow at 775.8 billion kwh, a year-on-year increase of 12.8%, an increase of 16.3% over the same period in 2019, and an average increase of 7.8% in the two years. Iron Ore Key Indicators: ·         Platts62 …

Continue reading “Daily Virtual Steel Mill Report 13/8/21”

Morning Fuel Oil Report 13/08/21

Morning Oil Report   Brent crude was down 49 cents, or 0.7%, at $70.82 a barrel by 0507 GMT, after dropping 13 cents in the previous session. U.S. crude was off by 53 cents, or 0.8%, at $68.56 a barrel, having fallen 0.2% on Thursday. The benchmarks are still heading for a slight gain this …

Continue reading “Morning Fuel Oil Report 13/08/21”

Tanker Morning Report 13/08/21

News Headlines:   OIL DAYBOOK EUROPE: Cheap U.S. Crude Flows to Asia; Pemex Woes (Bloomberg)   Asian buyers are snapping up cheap U.S. crude cargoes despite demand concerns due to the latest coronavirus resurgence, with the flurry of deals likely to be at the expense of Middle Eastern barrels. Chinese, Indian and South Korean companies …

Continue reading “Tanker Morning Report 13/08/21”