Monthly archives: August 2021

Singapore Iron Ore Derivatives Report 10/08/21

Iron Ore Market Update Market Commentary Iron ore futures remained subdued on Tuesday as the steel outlook continues to be clouded by concerns over further production curbs. China’s efforts to clean up its dirtiest steel industry are finally taking effect, with consumption taking a hit. Apparent consumption across five typical steel products fell to 9.86 …

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ENGINE: Global Bunker Fuel Market Update 10/8/21

Global bunker prices have surged with Brent as the futures contract bounced back by nearly $2/bbl to make it above $70/bbl again.   Changes on the day to 08.00 GMT today: VLSFO prices up in Singapore ($26/mt), Gibraltar ($25/mt), Fujairah ($22/mt), Rotterdam ($12/mt) and Houston ($1/mt) LSMGO prices up in Fujairah ($38/mt), Gibraltar ($23/mt), Rotterdam …

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Morning Steel and Scrap Report 10/8/21

FOB China HRC   There is no index yesterday given Singapore holiday.   China exported 5.669mn t of steel products in July 2021, up by 35.8pc on year. Its January-July export volume increased by 30.9pc on year to 43.051mn t, while the import volume for steel products fell by 59.7pc in July to 1.049mn t. …

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Morning Tanker Report 10/8/21

News Headlines:   OIL DAYBOOK EUROPE: Biggest China Oil Refiner Seen Cutting Runs (Bloomberg) China’s biggest oil refiner is scaling back operations as Beijing’s aggressive response to the delta virus variant saps demand for road and aviation fuel. State-owned China Petroleum & Chemical Corp., or Sinopec, is cutting run rates at some plants by 5% …

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