Brent crude futures were up 4 cents, or 0.10%, at $39.16 a barrel. U.S. West Texas Intermediate (WTI) crude futures edged up 7 cents, or 0.19%, to $37.46 a barrel by 0517 GMT. Brent lost over 4.5% during Wednesday’s session. Hurricane Zeta looked like it was about to bring a welcome break in supply …
Category archives: Products
DCE inches up on better steel margins
Iron ore futures maintained its upward climb after recent rally, driven by better steel margins from anticipated stricter environmental curbs. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange booked a small gain of 0.71% day-on-day to RMB 779.50/mt on Thursday. Similarly, the steel rebar contract on the Shanghai Futures Exchange …
Capesize rates dip on selling pressures
Capesize freight rates dipped on selling pressure after the recent uptick in the physical market. Thus, the Capesize 5 time charter average fell by $725 day-on-day to $17,881 on Wednesday, after a fresh wave of selloff in the market. The Baltic Dry Index (BDI) went with the dip and dropped by 2.05% or 29 points …
Iron Ore DCE January Daily Technical Review Oct 29th
Verdict – Short-term neutral. DCE iron ore corrected slightly and however maintain in a consolidation area as yesterday expected. From hourly chart, slow stochastic and CCI both corrected from the high, indicating the last push was exhausted. In short run, a breakthrough on 788.5 area would bring back a new round of rebound. In mid-run, …
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Daily Ferrous Physical Review Oct 29th
Ferrous Market – Ganggu construction steel mills production 5.2976 million tonnes, down 22,000 tonnes w-o-w(last down 98,800 tonnes). Mills inventory 4.13 million tonnes, down 211,500 tonnes w-o-w(last down 215,800 tonnes). Circulation 9.36 million tonnes, down 703,300 tonnes w-o-w(last week down 552,800 tonnes). – MySteel Rebar Inventory: Rebar production 3.63 million tonnes, up 1.29% w-o-w. Mills …
London Iron Ore Derivatives Report 28/10/2020
Click below link to view the London Iron Ore Report For more information please contact FIS Iron Ore Desk ferrous@freightinvestor.com London Number +44 (0) 207 090 1120 Singapore: +65 6535 5189 Shanghai: +86 21 6335 4002
Evening Oil Report 28/10/20
Click below link for the Evening Oil Report Click below link for the September Monthly Report For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
Oil Through the Looking Glass 28/10/20
*Oil in Reverse as Rise in U.S. Crude Stocks Fans Oversupply Fears* Oil gave up Tuesday’s gains as oversupply hangs over the market given the data from the API that was released showed a 4.6 million barrel crude build, on top of weakening demand from Europe and the US due to rising cases of the …
Tanker News Update 28/10/20
*Libya’s return to greatness* At the end of last week, news broke out that Libya has signed a countrywide ceasefire. The UN-backed this deal overseeing the signing of an agreement for two rival groups to sign the cease-fire on October 23rd. This end to major conflict within the country along with the lifting of the …
Agri-Freight Report 28/10/20
Click below link to view the Agri-freight report For more information please contact FIS Agri freight Desk luisf@freightinvestor.com London +44 (0) 207 090 1120 Direct +44 (0) 7543223444