Monthly archives: August 2021

ENGINE: Europe & Africa Bunker Fuel Market Update

European and African bunker prices are down from Friday’s highs, and rough weather has delayed some bunker deliveries in Gibraltar and Las Palmas.   Changes on the day to 08.00 GMT today: VLSFO prices down in Rotterdam and Durban ($11/mt) and Gibraltar ($4/mt) LSMGO prices down in Durban ($15/mt), Rotterdam ($7/mt) and Gibraltar ($6/mt) HSFO …

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ENGINE: East of Suez Bunker Fuel Market Update 02/08/21

Bunker prices have come down with Brent across East of Suez ports, and Singapore’s VLSFO price has moved to wider premiums over regional bunkering hubs.   Changes on the day to 16.00 SGT (08.00 GMT) today:   VLSFO prices down in Zhoushan ($11/mt), Fujairah ($9/mt) and Singapore ($8/mt)   LSMGO prices down in Singapore ($13/mt), …

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Daily DCE Review 2/8/21

Iron ore futures dipped slightly at the start of the new month, following market bearish sentiments on lower steel demand and poor economic indicators. The futures of Dalian Commodity Exchange (DCE) for September delivery then dipped by 0.85% day-on-day or down RMB 9 to RMB 1,054/mt during the day trading session on Monday. The rebar …

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Iron Ore DCE Sep Daily Technical Review 2/8/21

Verdict – Short-term neutral, slow down on correction. DCE iron ore September recover after a huge correction, as expected last Friday. Hourly MACD potentially create a gold cross. Hourly slow stochastic KD potentially rebound from oversold area. Hourly CCI created a multiple bottom areas and rebound to neutral area. Technical signals were indicating an oversold …

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Daily Virtual Steel Mill Report 2/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run oversold, potential to maintain rebound and test high. Macro ·         China political conference required to maintain commodity price stable. China central bank propose to maintain a stable monetary in the second half year of 2021. ·         Jiangsu closed 55 highway exits and entrances because of the …

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