Monthly archives: September 2021

FIS Singapore Iron Ore Derivatives Report 27/09/21

Iron ore futures rallied to near $120 following a pickup in restocking activities ahead of the week-long Chinese National Day holiday. “Sentiment was supported by a sudden spike in steel mill profit margins, raising prospects of demand to increase from mills,” Australia & New Zealand Banking Group Ltd. wrote in a note. “Mills are also …

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ENGINE: East of Suez Bunker Fuel Market Update 27/09/21

Bunker prices have risen for another day, touching multi-month highs as Brent has surpassed $79/bbl for the first time in three years.   Changes on the day to 18.30 SGT (10.30 GMT) today:   VLSFO prices up in Zhoushan ($8/mt), Singapore ($5/mt), and steady in Fujairah LSMGO prices up in Singapore ($16/mt), Fujairah ($12/mt) and …

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ENGINE: Europe & Africa Bunker Fuel Market Update 27/09/2021

Bunker prices continue to rally with Brent as the futures contract rises above $79/bbl for the first time in three years.   Changes on the day to 10.30 GMT today:   VLSFO prices up in Durban ($15/mt) and Rotterdam ($8/mt), and steady in Gibraltar LSMGO prices up in Rotterdam and Gibraltar ($12/mt) and Durban ($3/mt) …

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