Category archives: Products

Daily Virtual Steel Mill Report 16/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China Q2 GDP grew by 7.9% year on year and 18.3% in Q1. In the first half of the year, the GDP was 53216.7 billion yuan, a year-on-year increase of 12.7%, 5.6% lower than that in the first quarter. ·         In June, the …

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Daily Capesize Review 15/7/21

Capesize freight rates continued to spiral downward, despite a move up supported by the improving physical market. The Capesize 5 time charter average, then fell by $434 day-on-day to $28,694 on Thursday, after a choppy trading session. The Baltic Dry Index (BDI) then dropped by 2.10% day-on-day, down 66 points to 3,073 readings, due to …

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FIS Fuel Oil Morning Report 16/07/21

Good morning and happy Friday.  As of 11:26 am Singapore time (0326 GMT), the ICE September Brent crude futures contract rose 2 cents/b (0.03%) from the previous close at $73.49/b, while the NYMEX August light sweet crude contract was up 4 cents/b (0.06%) at $71.69/b. The front month ICE Brent and NYMEX light sweet crude …

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FIS Morning Report Tanker FFA 16-07-21

  News Headlines: Benchmark Oil Tanker Losses Stretch Further (Bloomberg) Rates for hauling oil on the benchmark TD3C were stable at Worldscale 31.55 on Thursday, equating to a daily loss of $5,616, compared with a loss of $5,385 on Wednesday.     OIL DAYBOOK EUROPE: Top Polluter Launches Biggest Carbon Market (Bloomberg) Trading has begun …

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