Category archives: Products

Daily DCE Review 10/6/21

Iron ore futures booked a slight gain after a volatile market session, amid market sentiment of lower steel demand during rainy season. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 0.68% on-day or up RMB 8 to RMB 1,178/mt on Thursday. The steel rebar contract on the Shanghai Futures …

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Daily Capesize Review 9/6/21

Capesize freight rates rebounded with a much-improved Pacific market, though the Atlantic basins remained sluggish with oversupply of tonnage. The Capesize 5 time charter average, then inched up by $787 day-on-day to $20,632 on Wednesday, amid better market outlook. The Baltic Dry Index (BDI) posted gains of 2.52% or 61 points on-day to 2,481 readings, …

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Iron Ore DCE Sep Daily Technical Review 10/6/21

Verdict – Short-term neutral. DCE iron ore September contract resisted by 1191.5-1197.0 area again, which was also predicted from yesterday. Thus price movement was rejected by major resistance and went back to consolidation in narrower range. Hourly MACD narrowed. Hourly slow stochastic KD deepened the correction after created a dead cross. Hourly CCI tested low …

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Daily Virtual Steel Mill Report 10/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         On June 9, the National Development of Reform Commission held a forum, proposing to closely track the trend of commodity prices, including price forecasting and early warning, further understanding the operation of relevant market entities, figure out the clues of illegal price increases, …

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FIS Fuel Oil Morning Report 10/06/21

At 10:38 am Singapore time (0238 GMT), the ICE August Brent futures contract was down 65 cents/b (0.90%) from the previous settle at $71.57/b while the NYMEX July light sweet crude contract was down 61 cents/b (0.87%) at $69.35/b.   EIA week ending 6/4 Crude oil: -5.2M Gasoline: +7.0M Distillates: +4.4M Refiner utilz: 91.3% Impld …

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FIS Morning Report Tanker FFA 10-06-21

News Headlines: OIL DAYBOOK EUROPE: U.S. Awash With Gasoline; Iran Nuclear Talks (Bloomberg) American oil refiners eager to boost gasoline production for the summer driving season are leaving the country awash with fuel at a time when the rebound in consumption is still uncertain. Stockpiles have jumped to the highest in three-months, while a measure …

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