Category archives: Products

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 …

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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 …

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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 …

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Singapore Iron Ore Derivatives Report 12/08/21

Iron Ore Market Update Market Commentary   Iron ore futures remained subdued as falling steel output kept pressure on the steelmaking ingredient. China’s crude steel production continued to fall as a result of the ongoing output cuts. Daily crude steel production fell by 1.2% to an average of 2.96 million metric tonnes per day over …

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