Daily DCE Review 6/4/21

Iron ore futures retreated despite the return of trade participants from holidays season and record-high steel prices. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then dropped by 0.61% day-on-day or down RMB 6 to RMB 971/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange, however surged up …

Daily Capesize Review 5/4/21

Capesize freight rates found supports in better shipping fundamentals in the Atlantic market with higher iron ore shipment volumes from Brazil. This was due to better weather conditions in Brazil with the passing of rainy seasons to allow miners to ramp up productions for exports. Meanwhile, the shipping participants were still returning to the market …

FIS Fuel Oil Morning Report 06/04/21

Welcome back to those who have enjoyed the Easter break!   Brent crude futures rose 38 cents, or 0.61%, to $62.53 a barrel at 0507 GMT, after falling 4.2% on Monday. U.S. West Texas Intermediate (WTI) crude futures rose 34 cents, or 0.58%, to $58.99 barrel, after sliding 4.6% on Monday. The US Dollar Index, …