Monthly archives: August 2021

FIS Singapore Iron Ore Derivatives Report 03/08/21

Market Commentary Iron ore futures edged near $180 as investors reassessed the steel outlook after China signalled a shift in emphasis on steel curbs, raising hopes that there will be some form of easing of the aggressive measures that have been put in place. Attempts to curb steel production from last year’s record of 1.05 …

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ENGINE: Europe & Africa Bunker Fuel Market Update 3/8/21

European bunker prices are mostly down with Brent, while South African prices have gained in the past day.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($7/mt), and down in Gibraltar ($7/mt) and Rotterdam ($2/mt) LSMGO prices up in Durban ($3/mt), and down in Gibraltar ($10/mt) and Rotterdam ($7/mt) …

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ENGINE: East of Suez Bunker Fuel Market Update 3/8/21

Bunker prices are mostly down with Brent in East of Suez ports as the futures contract slumps further, and South Korean suppliers continue to price VLSFO at regional discounts.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Zhoushan ($4/mt), and down in Singapore ($11/mt) and Fujairah ($5/mt) LSMGO …

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Daily DCE Review 3/8/21

Iron ore futures rebounded from previous slump and gained higher upon market expectation of less stricter output curbs and lower iron ore shipments from suppliers. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up by 1.97% day-on-day or up RMB 20.50 to RMB 1,062.50/mt, during the day trading session on Tuesday. …

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Daily Capesize Review 2/8/21

Capesize freight rates had a quiet start to the new month, though market sentiments remained positive at the aftermath of typhoon conditions. The Capesize 5 time charter average, then dipped by $284 day-on-day to $35,429 on Monday, with a typical quiet start for the week. The Baltic Dry Index (BDI) also went down by 0.30% …

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