Category archives: Products

Morning Steel and Scrap Report – 25/03/21

FOB China HRC   The index rose by $5/t yesterday (24.3.21) to US$740/t, MTD US$716.72/t.   Limited Chinese mills kept offers unchanged at $745-790/t fob China for SS400 HRC and HR sheet, inducing no buying interest from seaborne buyers as they preferred to wait until Chinee steel export tax rebate changes being confirmed. But some …

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Daily DCE Review 25/3/21

Iron ore futures rose higher on higher steel prices and margins, amid market concerns of stricter output curbs being extended to other Chinese provinces. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then rose for the third consecutive trading day by 2.74% day-on-day or up RMB 28.50 to RMB 1,067.50/mt on …

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Daily Capesize Review 24/3/21

Capesize freight rates continued to slide on sluggish market, but faced little impact from the blockage at Suez Canal. The Capesize 5 time charter average then dropped by $748 day-on-day to $18,366 on Wednesday, as cape derivative continued to decline. The Baltic Dry Index (BDI) also went down further by 3.39% or 77 points to …

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FIS Fuel Oil Morning Report 25/03/21

Brent crude futures slid $1.33, or 2.1%, to $63.08 a barrel at 0559 GMT, after jumping 6% overnight. U.S. West Texas Intermediate (WTI) crude futures dropped by $1.40, or 2.3%, to $59.78 a barrel, after climbing 5.9% overnight.   EIA week ending 3/19 Crude oil: +1.9M Gasoline: +0.2M Distillates: +3.8M Refiner utilz: 81.6% Impld mogas …

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