Monthly archives: September 2021

FIS Singapore Iron Ore Derivatives Report 07/09/21

Market Commentary Iron ore rebounded on Tuesday on concerns that the world’s top producers may miss annual export guidance, while there are also market talks of increased usage of higher-grade fines. Supply guidance from major iron ore producers may be under threat due to coronavirus restrictions. UBS Group forecast Vale SA and Rio Tinto Group may miss …

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Daily DCE Review 7/9/21

Iron ore futures rallied on Tuesday, after market talks of using less coke in the blast furnace mix which might increase the usage of high grade fines. The futures of Dalian Commodity Exchange (DCE) then jumped by 1.06% day-on-day or RMB 8 to RMB 763/mt, during the day trading session on Tuesday. The rebar futures …

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ENGINE: Europe & Africa Bunker Fuel Market Update 7/9/21

European and African bunker prices are up as Brent regains some of yesterday’s losses with support from the supply crunch in the US Gulf and robust Chinese crude demand.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($14/mt) and Rotterdam ($9/mt), and down in Gibraltar ($2/mt) LSMGO prices up …

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ENGINE: East of Suez Bunker Fuel Market Update 7/9/21

Bunker prices have gone up across East of Suez ports today, as Brent regains some of yesterday’s losses with support from the supply crunch in the US Gulf and robust Chinese crude demand.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($15/mt), Zhoushan ($8/mt) and Fujairah ($2/mt) …

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Daily Capesize Review 6/9/21

Capesize freight rates continued to decline further over concerns over cargo demand and slow shipping activities. The Capesize 5 time charter average, then dropped by $2,182 day-on-day to $44,465 on Monday, after a choppy market. The Baltic Dry Index (BDI) then fell by $122, down 3.09% day-on-day, to $3,822, due to softening freight rates.   …

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ENGINE: Americas Bunker Fuel Market Update 6/9/21

Most bunker prices have responded to Brent’s downward pull by dropping across the Americas, while Houston’s HSFO380 price has surged to regional premiums.   Changes on the day from Friday to 09.30 CST (14.30 GMT) today: VLSFO prices up in New York ($6/mt), and down in Los Angeles ($12/mt), Houston ($9/mt), Balboa ($6/mt) and Zona …

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