Iron Ore Market Update Market Commentary Iron ore rebounded on Friday, but any gains were largely capped as concerns over faltering steel demand linger. Some market participants have likened the uptick to the minimal increase of steel inventories. According to the data published by Mysteel, steel inventories among Chinese steel mills had only …
Monthly archives: August 2021
ENGINE: Global Bunker Fuel Market Update 20/08/21
ENGINE: Global Market Update Global bunker prices are moving in mixed directions today amid steady Brent values. Changes in the day to 08.00 GMT today: VLSFO prices down in Singapore ($1/mt), steady in Rotterdam and Gibraltar and up in Fujairah ($1/mt) and Houston ($5/mt) LSMGO prices down in Singapore ($3/mt), Rotterdam ($2/mt) and …
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Ferrous trade weekly review 20/8/21
A total of 950,000 mt of iron ores was traded for the week ended Aug 20, up 25% week-on-week, after a week of price corrections. Iron ore prices continued their correction phrase this week, to the extent of sharp drop to $130.20/mt under Platts assessment of the 62% Fe Iron Ore Index. During the week, …
Daily DCE Review 20/8/21
Iron ore futures inched up for slight gain at day session close, despite experiencing a good rebound at the morning session after a week of trading losses. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose slightly by 0.26% day-on-day or up RMB 2 to RMB 777.50/mt, during the day trading session …
Daily Capesize Review 19/8/21
Capesize freight rates rose on bullish market momentum with a strong Atlantic basin pushing for further gains. The Capesize 5 time charter average, then rose by $2,866 day-on-day to $47,361 on Thursday, extending the bullish run. The Baltic Dry Index (BDI) also hiked up further at record-high levels of $3,976, up 3.73% day-on-day, from the …
Daily Virtual Steel Mill Report 20/8/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · China National Bureau of Statistics: Excavators production in July 18,357 sets, down 18.4% y-o-y. Jan-Jul total produced 232,633 sets, up 22.7% y-o-y. The year on year growth rate has decrease for consecutive four months. · 500 concrete companies in China indicated last week …
Fertilizer Market Report 19/08/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Tanker Morning Report 20/08/21
News Headlines: Shipping Moving Towards Zero-Emission Period, but Pace is Still Quite Slow (Hellenic) More needs to be done, in order for shipping to transition to the zero-carbon era. The industry is estimated to be responsible for approx. 3.0% of global CO2 emissions, but several scientists have projected that the sector could account for …
Morning Fuel Oil Report 20/08/21
Morning Oil Report At 11:57 am Singapore time (0357 GMT), the ICE October Brent futures contract was up 32 cents/b (0.47%) from the previous close at $66.77/b, while the NYMEX September light sweet crude contract was 34 cents/b (0.53%) higher at $64.03/b. Oil prices rose on Friday, pulling up from three-month lows, but …
London Coking Coal Market Report 19/08/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630