Capesize freight rates went into correction after recent paper market rally over thin physical market activities. The Capesize 5 time charter average then plunged into a sharp drop and went down by $1,338 day-on-day to $41,514 on Friday. The Baltic Dry Index (BDI) however dropped slightly by 0.90% or 29 points on-day to 3,183 readings, …
Category archives: Products
Iron Ore DCE Sep Daily Technical Review 10/5/21
Verdict – Short-term bullish. DCE iron ore September contract reached limit-up at 1326.0. Most of trades from last week were done by previous buyers taking gains and new buyers entering market. Thus open interest fell by 13.8% from mid-April. Hourly MACD flattened. Slow stochastic widened. SHFE HRC and Rebar have significant bids working on limit-up …
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Daily Virtual Steel Mill Report 10/5/21
Market Verdict on Iron Ore： · Iron ore short-run neutral to bullish, be aware of taking gains. Macro · U.S. non-agricultural employment reached 266,000, much lower than expectation at 978,000. U.S. index DXY dropped to the lowest since February 25th. Inflation-linked assets were bought massively cross weekends. Iron Ore Key Indicators: · Iron ore and …
China Wuxi Cobalt Index Weekly Technical Review 10/5/2021
Verdict – Short-term neutral. China Wuxi Cobalt entered a consolidation area from mid-April. Cobalt didn’t catch up the big voltality as other metals after Labor day. The decrease on trading volume in April in general trapped Cobalt market into a narrow consolidation range. Technical signals were indicating a very neutral trend in short-run as well. …
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London Coking Coal Market Report 07/05/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Supramax & Handysize FFA Daily Report 07/05/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Capesize & Panamax FFA Daily Report 07/05/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Fuel Oil Daily Evening Report 07/05/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
London Iron Ore Market Report 07/05/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Singapore Iron Ore Report 07/05/2021
Market Commentary Iron ore futures soared to new heights on Friday following robust Chinese demand, while the worsening of bilateral relations between China and Australia continue to spook sentiment. According to a Mysteel survey of 184 Chinese mills, total finished steel products grew by 0.7% to 6.49 million mt during the Labour Day holiday period …