Category archives: Products

Daily Capesize Review 4/6/21

Capesize freight rates softened amid thin physical activities and bearish shipping demand outlook, especially in the Atlantic basin. The Capesize 5 time charter average, then plunged down further by $1,169 day-on-day to $20,933 on Friday, from further selloff in paper market. The Baltic Dry Index (BDI) also dropped further by 1.38% or 34 points on-day …

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Iron Ore DCE Sep Daily Technical Review 7/6/21

Verdict – Short-term neutral to bearish. DCE iron ore September contract test low as expected from last Friday. The correction ended mid-run rebound. Hourly candles created a clear multiple top area, which was normally a reversal and bearish signal. The neckline at 1148.5, created very strong resistance. The intra-day support at 1115.5 was the major …

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Daily Virtual Steel Mill Report 7/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral to bearish. Macro ·         China will rely on step-by-step measures to slow the appreciation of the yuan, to restrict speculators and help local exporters avoid tough measures that may impede its goal of liberalizing the yuan and enhancing its global influence. The people’s Bank of …

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FIS Fuel Oil Morning Report 07/06/21

Brent futures settled at $71.31 a barrel, down 4 cents after touching its highest since May 2019 earlier in the session. U.S. crude settled at $68.81 a barrel, losing 2 cents. WTI prices rose as high as $69.40, the strongest since October 2018, after gaining 1.5% in the previous session.   U.S. crude inventories dropped …

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FIS Morning Report Tanker FFA 07-06-2021

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Seems in Control of Market (Bloomberg) OPEC+ appears in control of crude prices as U.S. production is lagging pre-pandemic levels, Oil Dips After Topping $70 as Investors Assess Demand Outlook     EUROPE OIL PRODUCTS: Jet Tankers Divert; More Flights Take Off (Bloomberg) Two tankers laden with jet fuel …

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