Monthly archives: July 2021

FIS Fuel Oil Morning Report 22/07/21

At 10:44 am Singapore time (0244 GMT), the ICE September Brent futures contract was down 28 cents/b (0.39%) from the previous close at $71.95/b, while the NYMEX September light sweet crude contract was down 23 cents/b (0.33%) at $70.07/b.   EIA week ending 7/16 Crude oil: +2.1M Gasoline: -0.1M Distillates: -1.3M Refiner utilz: 91.4% Impld …

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FIS Morning Report Tanker FFA – 22-07-21

News Headlines: OIL DAYBOOK EUROPE: China Offers Crude Reserves; Brent Overhaul (Bloomberg) China supplied oil from its strategic state- run inventories to the country’s largest refiners earlier this month in a bid to quell a price rally. The Strategic Petroleum Reserve supplied about 3 million tons, or 22 million barrels, to the processors, according to …

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Iron Ore DCE Sep Daily Technical Review 22/7/21

Verdict – Short-term neutral. DCE iron ore September corrected significantly with increasing trading volume. Hourly MACD created dead cross. Hourly slow stochastic KDE created dead cross below overbought area, indicated a market reversal. CCI created a double top area. Technical signals were indicating the correction potentially continues. The first support is 1114.5, the first resistance …

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Daily Virtual Steel Mill Report 22/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         A senior official of the IMF said the global output gap of about $15 trillion caused by the Covid-19 crisis, needed “tough reforms” in product, labor and financial markets. ·         US Deputy Secretary of state Sherman will visit China from July 25 to …

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ENGINE: Americas Bunker Fuel Market Update 21/7/21

Americas bunker prices have made fresh gains on the back of a 3% Brent jump.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($27/mt), Zona Comun ($24/mt), New York ($21/mt), Balboa ($20/mt) and Houston ($17/mt) LSMGO prices up in Zona Comun ($31/mt), Los Angeles ($29/mt), Balboa …

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