Monthly archives: August 2021

ENGINE: Europe & Africa Bunker Fuel Market Update 31/8/21

European and African bunker prices have come up on the back of Brent, and rough weather continues to disrupt anchorage bunkering in Algoa Bay.   Changes on the day from Friday to 08.00 GMT today: VLSFO prices up in Rotterdam ($13/mt), Gibraltar ($11/mt) and Durban ($9/mt) LSMGO prices up in Rotterdam ($18/mt), Gibraltar ($11/mt) and …

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Daily DCE Review 31/8/21

Iron ore futures reversed into losses, as market confidence took a hit from poor economic indicators in August, and extension of steel output cuts to more Chinese provinces. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 5% day-on-day or down RMB 42.50 to RMB 808/mt, during the day trading session …

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Morning Oil Report 31/08/21

At 10:45 am Singapore time (0245 GMT), the ICE October Brent futures contract was down 46 cents/b (0.63%) from the previous close at $72.95/b while the NYMEX October light sweet crude contract was down 41 cents/b (0.60%) at $68.80/b.   Due to the damage from torrential rain, flooding, and cyclonic winds, approximately 12% of the …

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Daily DCE Review 30/8/21

Iron ore futures extended the rally from last week, as market prepared for the peak construction season in upcoming Sep-Oct period. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 0.66% day-on-day or up RMB 5.50 to RMB 835/mt, during the day trading session on Monday. The rebar futures followed …

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