Monthly archives: September 2021

FIS Singapore Iron Ore Derivatives Report 14/09/21

Market Commentary Iron ore declined for a fifth day to $120 as production curbs in China continue to weigh on demand. Power rationing is limiting mill operations and China has brought forward its target for steels cuts. According to Bloomberg Intelligence, production between August and December is estimated to fall by 10% from a year …

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ENGINE: Europe & Africa Bunker Fuel Market Update 14/9/21

European and African bunker prices have mostly moved up with Brent, and Rotterdam’s VLSFO price has gained against several other ports.   Changes on the day to 08.00 GMT today: VLSFO prices up in Rotterdam ($8/mt), and down in Durban ($4/mt) and Gibraltar ($2/mt) LSMGO prices up in Durban ($8/mt) and Rotterdam ($3/mt), and steady …

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ENGINE: East of Suez Bunker Fuel Market Update 14/9/21

East of Suez bunker prices have mostly been steady to rising in the past day, with some taking direction from gaining Brent values.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah ($23/mt), and steady in Singapore and Zhoushan LSMGO prices up in Fujairah ($5/mt) and Singapore ($4/mt), …

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Daily DCE Review 14/9/21

Iron ore futures dipped in the choppy session, following the recent downward momentum on bearish market outlook. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 1.46% day-on-day or down RMB 10.50 to RMB 711/mt, during the day trading session on Tuesday. The rebar future plunged sharply at the afternoon session …

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Daily Capesize Review 13/9/21

Capesize freight rates rallied further with record gains, amid Chinese port closures due to the Typhoon Chanthu. The Capesize 5 time charter average, then rose by $6,736 day-on-day to $52,908 on Monday, as significant gains were made in the Pacific and Atlantic markets. The Baltic Dry Index (BDI) then rose by $299, up 7.74% day-on-day, …

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