Category archives: Products

FIS Fuel Oil Morning Report 26/04/21

At 10:50 am Singapore time (0250 GMT), the ICE Brent June contract had slipped 8 cents/b (0.12%) from the April 23 settle at $66.03/b, while the June NYMEX light sweet crude contract was 2 cents/b (0.03%) higher at $62.16/b.   Coronavirus cases in India are continuing to rise and the story has dominated the news …

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Daily Virtual Steel Mill Report 26/4/21

Market Verdict on Iron Ore： ·         Iron ore neutral. Iron Ore Key Indicators: ·         Platts 62%: $185.10 (+1.50) MTD $176.22. Iron ore port trades and seaborne trades both increased significantly before China’ Labor day started from this Saturday. However major contributor was the weakened U.S. dollar supported all dollar-linked asset, iron ore was the most …

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Daily Capesize Review 23/4/21

Capesize freight rates rebounded with gains in both basin on market optimism despite some attempts to cool down the rally. The Capesize 5 time charter average then grew up by $954 day-on-day to $34,762 on Friday, due to good shipping fundamentals. The Baltic Dry Index (BDI) then rose by 1.38 % or 38 points on-day …

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China Wuxi Cobalt Index Weekly Technical Review 26/4/2021

Verdict – Short-term neutral. China Wuxi Cobalt corrected first as last report mentioned and finally tend to ground up in this coming Monday, after the volume growth which indicated some divergence. Slow stochastic KD created gold cross near oversold area. CCI rebounded from -100 area. MACD narrowed below 0 axis. Short-run recovery on 350-352.0 area …

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