Monthly archives: September 2021

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

Most bunker prices in East of Suez ports continue to rise for a second day, tracking higher Brent values.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Zhoushan ($3/mt), steady in Singapore, and down in Fujairah ($5/mt) LSMGO prices up in Zhoushan ($4/mt), steady in Fujairah, and down …

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

European and African bunker prices have moved up with Brent as three-quarters of oil production in the Gulf of Mexico remains shut in.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($4/mt) and Gibraltar ($2/mt), and steady in Rotterdam LSMGO prices up in Durban ($5/mt) and Gibraltar ($1/mt), and …

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Daily DCE Review 9/9/21

Iron ore futures dipped into losses on Thursday, despite opening high at the start of the afternoon session. The futures of Dalian Commodity Exchange (DCE) then fell by 2.73% day-on-day or RMB 20.50 to RMB 730/mt, during the day trading session on Thursday. The rebar futures, however, rose by 4.47% day-on-day or RMB 243 to …

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Daily Capesize Review 8/9/21

Capesize freight rates dropped further on lower bookings, despite Brazilian miners making more fixtures but failed to support higher rates. The Capesize 5 time charter average, then dropped by $1,702 day-on-day to $40,518 on Wednesday, after a choppy market. The Baltic Dry Index (BDI) also fell by $89, down 2.40% day-on-day, to $3,618, due to …

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FIS Fuel Oil Morning Report 09/09/21

At 11:08 am Singapore time (0308 GMT), ICE November Brent futures was 23 cents/b (0.32%) higher at $72.83/b while the NYMEX October WTI contract was up 14 cents/b (0.20%) at $69.44/b.   API Crude -2.882M Cushing +1.794M Gasoline -6.414M Distillate -3.748M   In inventory news, the US commercial crude stocks declined 2.88 million barrels in …

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