Monthly archives: September 2021

Daily Capesize Review 27/9/21

Capesize freight rates rebounded on better restocking demands amid tight tonnage supply and port congestion among Chinese ports. The Capesize 5 time charter average, then went up by $1,724 day-on-day to $63,030 on Monday, challenging for new heights amid bullish sentiment. The Baltic Dry Index (BDI) then rose by $73, up 1.57% day-on-day, to $4,717, …

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ENGINE: Europe & Africa Bunker Fuel Market Update 28/09/21

European and African bunker prices have been rangebound in the past day, slowing their rise after rallying to multi-month highs on the back of Brent pushing above $80/bbl.   Changes on the day to 08.00 GMT today:   VLSFO prices up in Gibraltar ($2/mt), and down in Durban ($7/mt) and Rotterdam ($1/mt) LSMGO prices up …

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Daily DCE Review 28/9/21

Iron ore futures dipped from recent rally, as market concerns over power conservation policy grew larger, which reduced raw materials demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 2.93% day-on-day or down RMB 20.50 to RMB 678/mt, during the day trading session on Tuesday. The rebar future however, hiked …

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ENGINE: Americas Bunker Fuel Market Update 27/09/21

Bunker prices have rallied to multi-month highs in several ports in the Americas, propelled by Brent futures trading close to $80/bbl for the first time in three years.   Changes on the day since Friday, to 09.30 CST (14.30 GMT) today:     VLSFO prices up in New York ($16/mt), Houston ($10/mt), Los Angeles ($8/mt) …

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FIS Morning Report Tanker FFA 28-09-21

News Headlines: OIL DAYBOOK EUROPE: BP Sees Pre-Virus Demand Return in 3Q 2022 (Bloomberg) Global oil consumption is expected to return to pre-pandemic levels in the third quarter of 2022, with Asia continuing as the center for oil-product demand growth, according to BP Plc. Stockpiles of crude and most products returned to normal levels by …

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FIS Fuel Oil Morning Report 28/09/21

At 10:20 am Singapore time (0220 GMT), the ICE November Brent futures contract was up 22 cents/b (0.28%) from the previous close at $79.75/b, while the NYMEX November light sweet crude contract was 25 cents/b (0.33%) higher at $75.70/b.   The catalyst driving oil prices strength continues to be the bullish demand outlook and near-term …

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