Category archives: Products

Daily DCE Review 28/5/21

Iron ore futures ended the week on high note after recovering from the slump earlier on the week. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 4.11% on-day or up RMB 42 to RMB 1,063/mt on Friday. The steel rebar contract on the Shanghai Futures Exchange also went up by …

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Daily Capesize Review 27/0/5/21

Capesize freight rates continued to drop fast due to poor shipping fundamentals despite healthy demand in the Pacific market. The Capesize 5 time charter average then dropped by $1,686 day-on-day to $27,934 on Thursday, despite some market talks of blockade lifting in Bolivar that resulted in some late upticks in trading. The Baltic Dry Index …

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Daily Virtual Steel Mill Report 28/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         Biden’s budget raise annual spending to $6 trillion, with annual deficits of more than $1.3 trillion over the next decade. Iron Ore Key Indicators: ·         Platts62 $187.65, -4.00, MTD $207.05.PBF premium marked arround yearly high at $8.65, based on July index, which was …

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FIS Fuel Oil Morning Report 28/05/21

At 10:26 am Singapore time (0226 GMT), the ICE Brent July contract was up 18 cents/b (0.26%) from the previous settle at $69.64/b, while the July NYMEX light sweet crude contract was 29 cents/b (0.43%) higher at $66.85/b.   The positive sentiment in the market is most evidently coming from the US as the economy …

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FIS Morning Report Tanker FFA 28-05-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Seen Boosting July Supply; China Bets (Bloomberg) — OPEC and its allies are expected to reaffirm plans to boost oil output when they meet next week, restoring more of the supply halted during the pandemic. Most analysts and traders surveyed by Bloomberg predicted that OPEC+ will ratify an increase …

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