Monthly archives: September 2021

ENGINE: East of Suez Bunker Fuel Market Update 16/9/21

East of Suez bunker prices have risen to their highest point yet this year after Brent passed the $75/bbl mark, and bunkering has resumed in Shanghai.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($12/mt), Fujairah ($9/mt) and Zhoushan ($4/mt) LSMGO prices up in Fujairah ($5/mt) and …

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ENGINE: Europe & Africa Bunker Fuel Market Update 16/9/21

Bunker prices have reached two-month highs in Rotterdam and Gibraltar, and a bout of rough weather could disrupt bunkering off Skaw.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($10/mt), Rotterdam and Gibraltar ($9/mt) LSMGO prices up in Durban ($13/mt), Gibraltar ($12/mt) and Rotterdam ($7/mt) HSFO prices up in …

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Iron Ore DCE Jan Daily Technical Review 16/9/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract created a listed low during the day, however recovered some loss during the last trading hour. Hourly CCI left bearish territory. Hourly MACD potentially narrow. Hourly slow stochastic KD created gold cross in oversold area. Technical signals were indicating an oversold rebound, however in …

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Daily Virtual Steel Mill Report 16/9/21

Market Verdict on Iron Ore： ·         Neutral to bearish. Macro ·         The United Nations issued the year 2021 World Trade Outlook, indicated China economy developed to counter against recession. The China economy boomed earlier than any other country after the pandemic. The China trade volume increased by 10% compared to last H1. Iron Ore Key …

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Daily DCE Review 16/9/21

Iron ore futures continued to extend losses at the day session, over market concerns over new wave of pandemic spread in southern China that affected steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 3.94% day-on-day or down RMB 27.50 to RMB 670.50/mt, during the day trading session on …

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