Monthly archives: July 2021

FIS Singapore Iron Ore Derivatives Report 27/07/21

Market Commentary Iron ore futures were subdued on Tuesday despite mounting supply concerns as investors remain concerned over steel demand outlook. The BHP Group has indicated that Port Hedland, its main export gateway, will undergo a massive maintenance. Meanwhile, its Brazilian counterpart, Vale, said that its new mining projects are like to be delayed while …

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ENGINE: East of Suez Bunker Fuel Market Update 27/7/21

Bunker prices have risen with Brent in East of Suez ports and recovered some of yesterday’s losses.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($8/mt), Fujairah ($1/mt), and steady in Zhoushan LSMGO prices up in Singapore ($3/mt), steady in Zhoushan, and down in Fujairah ($9/mt) HSFO380 …

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Daily DCE Review 27/7/21

Iron ore futures opened high on morning session, only to suffer a sharp drop at the close, following a selloff session on Tuesday. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 2.80% day-on-day or RMB 32 to RMB 1,109.50/mt during the day trading session on Tuesday. The rebar futures also …

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ENGINE: Europe & Africa Bunker Fuel Market Update 27/7/21

A jump in Brent has reversed bunker price declines in Gibraltar and Rotterdam in the previous session, while Durban’s prices have dipped further.   Changes on the day to 08.00 GMT today: VLSFO prices up in Rotterdam ($6/mt) and Gibraltar ($3/mt), and down in Durban ($5/mt) LSMGO prices up in Gibraltar ($14/mt), and down in …

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