Category archives: Products

Daily Virtual Steel Mill Report 14/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China PM Li Keqiang held a economist conference to counter against economic cycle risk. Maintain the continuous effect of macro policy and avoid general liquidity release to the market. The RRR cut focus on special areas and structural demand, to benefit mid-small capital …

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Daily Capesize Review 13/7/21

Capesize freight rates slumped into losses after some panic selling in the paper market, as freight rates declined in the physical market. The Capesize 5 time charter average, then plunged down by $994 day-on-day to $30,272 on Tuesday, after selling pressure in the paper market. The Baltic Dry Index (BDI) also dropped by 2.18% day-on-day, …

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FIS Fuel Oil Morning Report 14/07/21

At 10:35 am Singapore time (0235 GMT), the ICE September Brent futures contract was down 18 cents/b (0.24%) from the previous close at $76.31/b, while the NYMEX August light sweet crude contract was down 23 cents/b (0.31%) at $75.02/b. Concerns about supply tightness have been heightened by the OPEC+ alliance’s ongoing stalemate over production quotas …

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FIS Morning Report Tanker FFA 14-07-2021

News Headlines: OIL DAYBOOK EUROPE: U.S. Demand Surges to New Heights; EIA Data (Bloomberg) U.S. oil demand has soared to new heights as the nation rebounds from the pandemic, with gasoline and diesel consumption returning to pre-virus levels. A surge in petroleum use for products such as plastic, asphalt, lubricants and other industrial needs is …

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