Category archives: Products

Daily DCE Review 2/7/21

Iron ore futures closed the week on slight gains, amid bearish market sentiments of low steel demand and high port inventory. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose slightly by 0.77% day-on-day or up RMB 9 to RMB 1,182.50/mt at the close of day trading session on Friday. The rebar …

Continue reading “Daily DCE Review 2/7/21”

FIS Fuel Oil Morning Report 02/07/21

At 10:26 am Singapore time (0226 GMT), the ICE September Brent futures contract was up 10 cents/b (0.13%) from the previous close at $75.94/b, while the NYMEX August light sweet crude contract was up 8 cents/b (0.11%) at $75.31/b.   Yesterday was spent frantically searching for news from the OPEC+ meeting, only to find that …

Continue reading “FIS Fuel Oil Morning Report 02/07/21”

FIS Morning Report Tanker FFA 02-07-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Supply Hike in Jeopardy as UAE Rebels (Bloomberg) In an unexpected turn of events at the OPEC+ meeting, the United Arab Emirates blocked a preliminary deal on output increases, prompting the group to postpone its meeting and casting doubt on an agreement that could ease a surge in oil …

Continue reading “FIS Morning Report Tanker FFA 02-07-21”

Iron Ore DCE Sep Daily Technical Review 2/7/21

Verdict – Short-term neutral. DCE iron ore September contract tested low, however which was higher than the lower bound of consolidation range. Thus iron ore maintained in the consolidation range. Iron ore started to rebound during the last two hours, however volume was small. Iron ore technically consolidate in narrower range bounds. Hourly slow stochastic …

Continue reading “Iron Ore DCE Sep Daily Technical Review 2/7/21”

Daily Virtual Steel Mill Report 2/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral to bearish. Macro ·         China Caixin PMI 51.3, estimate 51.8, last 52. ·         IMF predicted U.S. inflation rate will keep above 2%. IMF also predicted U.S. federal will increase interest rate from the end of year 2022 to early 2023. Iron Ore Key Indicators: ·         …

Continue reading “Daily Virtual Steel Mill Report 2/7/21”

Daily Capesize Review 1/7/21

Capesize freight rates suffered a sharp fall, after a selloff in the session following weakness in the physical market. The Capesize 5 time charter average, then plunged down by $2,004 day-on-day to $30,600 on Thursday, after a series of selling pressure in the market. The Baltic Dry Index (BDI) also fell by 1.33% day-on-day, down …

Continue reading “Daily Capesize Review 1/7/21”