Category archives: Products

Daily Capesize Review 3/6/21

Capesize freight rates continued its downward spiral, due to thin market activities following holiday in Brazil. The Capesize 5 time charter average, then fell further by $1,629 day-on-day to $22,102 on Thursday, after another rounds of selloff. The Baltic Dry Index (BDI) also dropped further by 2.29% or 58 points on-day to 2,472 readings, due …

Continue reading “Daily Capesize Review 3/6/21”

Iron Ore DCE Sep Daily Technical Review 4/6/21

Verdict – Short-term neutral. DCE iron ore September contract significantly narrowed the volatility during the current two days, after a failure to break periodic high at 1221.5. Hourly CCI was approaching bearish area. Hourly KD explored new room to correct. Hourly MACD widened at bearish territory. Short-run signals indicate potential to test low, however mid-run …

Continue reading “Iron Ore DCE Sep Daily Technical Review 4/6/21”

Daily Virtual Steel Mill Report 4/6/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         Ministry of Commerce: we will continue to ensure the supply and price of commodities, promote diversifying on import commodities, strengthen international cooperation, and build a mutual benefit and stable trade channel for commodities. At the same time, we should strengthen the cooperation between …

Continue reading “Daily Virtual Steel Mill Report 4/6/21”

FIS Fuel Oil Morning Report 04/06/21

At 11:06 am Singapore time (0306 GMT), the ICE Brent August contract was down 26 cents/b (0.36%) from the previous settle at $71.05/b, while the July NYMEX light sweet crude contract was down 19 cents/b (0.28%) at $68.62/b.   EIA week ending 5/28 Crude oil: -5.1M Gasoline: +1.5M Distillates: +3.7M Refiner utilz: 88.7% Impld mogas …

Continue reading “FIS Fuel Oil Morning Report 04/06/21”

FIS Morning Report Tanker FFA 04-06-21

News Headlines: OIL DAYBOOK EUROPE: Saudis Increase Oil Prices for Asia; OPEC+ (Bloomberg) Saudi Arabia increased oil prices for customers in its main market of Asia by more than expected after Brent topped $70 a barrel and OPEC forecast global demand would outstrip supply over the rest of the year.     UN Urges Yemen’s …

Continue reading “FIS Morning Report Tanker FFA 04-06-21”