Category archives: Products

Daily Capesize Review 2/7/21

Capesize freight rates continued to dip after a market pullback from limited activities in the physical market. The Capesize 5 time charter average, then nosedived down by $1,494 day-on-day to $29,106 on Friday, after a choppy market. The Baltic Dry Index (BDI) also fell by 1.59% day-on-day, down 53 points to 3,285 readings, following the …

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

FIS Fuel Oil Morning Report 05/07/21

At 11:32 am Singapore time (0332 GMT), the ICE September Brent crude futures contract slipped 8 cents/b (0.11%) from the previous close at $76.09/b, while the NYMEX August light sweet crude contract was down 11 cents/b (0.15%) at $75.05/b.   With the 4th July celebrations yesterday in the states and the winner of the Hotdog …

Continue reading “FIS Fuel Oil Morning Report 05/07/21”

FIS Morning Report Tanker FFA 05-07-21

News Headlines: Oil steady as OPEC+ seeks to break impasse over supply (Reuters) Oil prices were steady on Monday with investors and traders awaiting crucial talks by OPEC+ following disagreement over output within the group that could lead to major producers pumping up volumes to grab market share.   Record 8% of all ships predicted …

Continue reading “FIS Morning Report Tanker FFA 05-07-21”

Iron Ore DCE Sep Daily Technical Review 5/7/21

Verdict – Short-term neutral. DCE iron ore September rebounded significantly during the day session, however price was resisted by 1222.5 level for three times from minute-to-minute chart. Hourly slow stochastic KD potentially flattened. Hourly CCI potentially reverse from the high. Hourly MACD expanded. Short-run technical signals were indicating a temporary breath over a two day …

Continue reading “Iron Ore DCE Sep Daily Technical Review 5/7/21”

Daily Virtual Steel Mill Report 5/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         The number of non-agricultural employment in the United States increased by 850,000 in June, which was larger than expected at 720,000. Last number 559,000. The U.S. unemployment rate in June was 5.9%, estimated at 5.6%, previous 5.8%. Iron Ore Key Indicators: ·         Platts62 …

Continue reading “Daily Virtual Steel Mill Report 5/7/21”