Category archives: Products

Morning Steel and Scrap Report 10/5/21

FOB China HRC   The index rose by $12/t last Friday (7.5.21) to US$950/t, MTD US$932.60/t.   An east China mill sold 10,000t SAE grade pipe-making coils at $950/t fob last week. Some other deals were heard done at $960/t fob for SS400 HRC, but no further details could be confirmed. Two major Chinese mills …

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Daily DCE Review 10/5/21

Iron ore futures went up the roofer at the start of morning trading session to extend the post-holidays rally. The most-traded iron ore contract on China’s Dalian Commodity Exchange (DCE), for September delivery then rallied up to the daily limit by 10% day-on-day or up RMB 120.50 to RMB 1,326.50/mt on Monday. The steel rebar …

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Morning Tanker Report 10/5/21

News Headlines:   Oil gains after cyberattack forces closure of U.S. fuel ‘jugular’ pipeline (Reuters)   Crude prices rose as a cyberattack shutdown critical fuel supply on the Colonial pipeline network, showcasing how hackers are very adept to finding new ways to penetrate the U.S. energy infrastructure in un-traditional ways.   To view the curve …

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Morning Oil Report 10/5/21

At 11:46 am Singapore time (0346 GMT), the ICE Brent July contract was up 29 cents/b (0.42%) from the May 7 settle at $68.57/b, while the June NYMEX light sweet crude contract was up 19 cents/b (0.29%) at $64.90/b.   As a result of the positive tracks made with the UK vaccine programme, fuel sales …

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Daily Capesize Review 7/5/21

Capesize freight rates went into correction after recent paper market rally over thin physical market activities. The Capesize 5 time charter average then plunged into a sharp drop and went down by $1,338 day-on-day to $41,514 on Friday. The Baltic Dry Index (BDI) however dropped slightly by 0.90% or 29 points on-day to 3,183 readings, …

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Iron Ore DCE Sep Daily Technical Review 10/5/21

Verdict – Short-term bullish. DCE iron ore September contract reached limit-up at 1326.0. Most of trades from last week were done by previous buyers taking gains and new buyers entering market. Thus open interest fell by 13.8% from mid-April. Hourly MACD flattened. Slow stochastic widened. SHFE HRC and Rebar have significant bids working on limit-up …

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Daily Virtual Steel Mill Report 10/5/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral to bullish, be aware of taking gains. Macro ·         U.S. non-agricultural employment reached 266,000, much lower than expectation at 978,000. U.S. index DXY dropped to the lowest since February 25th. Inflation-linked assets were bought massively cross weekends. Iron Ore Key Indicators: ·         Iron ore and …

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China Wuxi Cobalt Index Weekly Technical Review 10/5/2021

Verdict – Short-term neutral. China Wuxi Cobalt entered a consolidation area from mid-April. Cobalt didn’t catch up the big voltality as other metals after Labor day. The decrease on trading volume in April in general trapped Cobalt market into a narrow consolidation range. Technical signals were indicating a very neutral trend in short-run as well. …

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