Category archives: Products

Ferrous Trade Weekly Review 6/8/21

A total of 750,000 mt of iron ores was traded for the week ended Aug 6, up 27.12% week-on-week, amid stringent steel output cuts being implemented. Tangshan underwent a new round of sintering cuts much to the expectation of market participants, while iron ore prices ended its anti-gravity defying act and stayed under the $185/mt …

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Daily DCE Review 6/8/21

Iron ore futures opened higher from previous day slump, but only managed a slight recovery at the close, due to lower steel consumption in China. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 1.27% day-on-day or down RMB 11.50 to RMB 895/mt, during the day trading session on Friday. The …

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Daily Capesize Review 5/8/21

Capesize freight rates extended its upward momentum to recover from previous slump, despite market concerns over shipping delays at Chinese ports. The Capesize 5 time charter average, then rose by $933 day-on-day to $36,608 on Thursday, due to improving market sentiments. The Baltic Dry Index (BDI) also went up by 1.75% day-on-day, or 58 points …

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Daily Virtual Steel Mill Report 6/8/21

Market Verdict on Iron Ore： ·         Iron ore neutral. Macro ·         IMF: global economic growth will reach 6% in 2021, which is a high forecast and the highest global growth rate in the past few decades. ·         New Typhoon landed in southern China, which will impact four southern provinces with heavy rain for the coming …

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ENGINE: Americas Bunker Fuel Market Update 5/8/21

Bunker prices are rangebound for most fuel grades in major ports across the Americas, as Brent values are steadier after a period of high volatility.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in New York ($4/mt), Los Angeles ($2/mt) and Balboa ($1/mt), and down in Houston ($2/mt) and …

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FIS Fuel Oil Morning Report 06/08/21

At 11:32 am Singapore time (0332 GMT), the ICE October Brent futures contract was up 14 cents/b (0.2%) from the previous close at $71.48/b, while the NYMEX September light sweet crude contract rose 12 cents/b (0.17%) at $69.21/b.   The pandemic continues to be at the forefront of the mind of many, not just in …

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FIS Morning Report Tanker FFA 06-08-21

News Headlines: OIL DAYBOOK EUROPE: Saudi Challenged in Asia by Cheaper Options (Bloomberg) Saudi Arabia’s move to push up the cost of its oil in Asia may backfire as the U.S. and Russia offer more competitively priced alternatives and an outbreak of the delta virus variant in China damps demand.     Benchmark Oil Tanker …

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