Monthly archives: September 2021

ENGINE: East of Suez Bunker Fuel Market Update 1/9/21

Bunker prices have dropped alongside Brent in East of Suez ports in the past day.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($16/mt), Singapore ($10/mt) and Fujairah ($9/mt) LSMGO prices down in Zhoushan ($17/mt), Fujairah ($11/mt) and Singapore ($8/mt) HSFO380 prices down in Zhoushan ($10/mt), Singapore …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 1/9/21”

ENGINE: Europe & Africa Bunker Fuel Market Update 1/9/21

Bunker prices across European ports have been pulled down by declining Brent values, as investors await today’s OPEC+ meeting and US inventory data for more price direction.   Changes on the day to 08.00 GMT today: VLSFO prices down in Gibraltar ($10/mt), Rotterdam ($9/mt) and Durban ($7/mt) LSMGO prices down in Durban ($24/mt), Rotterdam ($17/mt) …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 1/9/21”

Daily DCE Review 1/9/21

Iron ore futures fell further after poor China economic indicators, while market concerns on the ever-expanding steel output cuts that limited demand for the upcoming construction peak season. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 7.78% day-on-day or down RMB 64.50 to RMB 765/mt, during the day trading session …

Continue reading “Daily DCE Review 1/9/21”

ENGINE: Americas Bunker Fuel Market Update 31/8/21

Bunker prices have mixed direction across ports in the Americas, and as New Orleans and other Lower Mississippi River ports recover from Hurricane Ida several vessels may be diverted to bunker in US Gulf Coast ports unaffected by the damage.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in …

Continue reading “ENGINE: Americas Bunker Fuel Market Update 31/8/21”

Daily Capesize Review 31/8/21

Capesize freight rates fell sharply after the recent rally, as the market consolidated, while profit takings continued in the paper market. The Capesize 5 time charter average, then plunged down by $2,010 day-on-day to $49,089 on Tuesday, after much selling pressures. The Baltic Dry Index (BDI) followed the decline and slid down by $103, down …

Continue reading “Daily Capesize Review 31/8/21”

Iron Ore DCE Jan Daily Technical Review 1/9/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract corrected massively by 7.78%. The last five trading hours with very small volume indicated current market entered a correction trend. However hourly technical were indicating and exhaustion of the correction. Hourly CCI potentially leave bearish area. Hourly slow stochastic KD potentially create gold cross …

Continue reading “Iron Ore DCE Jan Daily Technical Review 1/9/21”

Daily Virtual Steel Mill Report 1/9/21

Market Verdict on Iron Ore： ·         Neutral to bearish, however limited room downside. Macro ·         China August Manufacturing PMI 50.1, est. 50.2, last 50.4. Analysts believed that as the decrease of pandemic cases, and the “busy September” in manufacturing market, PMI potentially recover. ·         European central bank decided to end pandemic bond purchase from next …

Continue reading “Daily Virtual Steel Mill Report 1/9/21”