Monthly archives: October 2021

FIS Singapore Iron Ore Derivatives Report 15/10/21

Market Commentary Iron ore futures failed to rally on Friday as investors assessed the gloomy outlook for the demand in China. Soaring energy costs, power curbs put demand at risk. According to data from the World Steel Association, China’s steel demand is now expected to fall by 1% this year instead of increasing by 3%. …

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ENGINE: East of Suez Bunker Fuel Market Update 15/10/21

Bunker prices have risen across East of Suez ports, tracking higher Brent values.   Changes on the day to 16.00 SGT (08.00 GMT) today: • VLSFO prices up in Fujairah ($13/mt), Singapore ($11/mt) and Zhoushan ($3/mt) • LSMGO prices up in Singapore ($11/mt), Zhoushan ($9/mt) and Fujairah ($8/mt) • HSFO380 prices up in Fujairah ($7/mt), …

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ENGINE: Europe & Africa Bunker Fuel Market Update 15/10/21

Bunker prices are mostly moving up with Brent across Europe and Africa, and Gibraltar’s prices have received extra support from tight availability.   Changes on the day to 08.00 GMT today: VLSFO prices up in Gibraltar ($20/mt), Rotterdam ($10/mt) and Durban ($7/mt) LSMGO prices up in Gibraltar ($25/mt) and Rotterdam ($9/mt), and down in Durban …

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Ferrous trade weekly review 15/10/21

A total of 2.79 million of iron ores was traded for the week ended Oct 15, a significant rise from previous week due to effect of the weeklong holidays in China. Apparently, restocking activities picked up as Chinese participants returned from holidays, while some trade participants were attracted by reasonable low pricing after much price …

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Daily DCE Review 15/10/21

Iron ore futures failed to rally, despite low steel stocks and lesser iron ore supply from Rio Tinto as the miners reduced its annual guidance for 2021. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell slightly by 0.96% day-on-day or down RMB 7 to RMB 723.50/mt, during the day trading session …

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Iron Ore DCE Jan Daily Technical Review 15/10/21

Verdict – Short-term neutral. DCE iron ore January contract created a small round of rebound during Asian day session and retreated fast during the last few minutes, the intra-day high was away from last resistance. The support was significant on the 712.0 level. Hourly CCI was consolidating in the neutral range. Hourly slow stochastic KD …

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Daily Virtual Steel Mill Report 15/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         G20 Finance Minister believed that the pandemic related downside risk will still become an obstacle of global economy recovery, and encouraging countries to leverage political tools to counter against this pandemic impact. Iron Ore Key Indicators: ·         Platts 62% 126.00 (+2.40), MTD 122.83.PBF traded down 4 …

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Morning Tanker FFA Report 15/10/21

(Bloomberg) — China’s state-owned refiners will try to import more diesel as domestic prices skyrocket due to an energy crisis that’s sending shockwaves through global coal and natural gas markets. Diesel prices are at a three-year high in parts of China. * OIL FUTURES: Oil Set for Best Run of Weekly Gains Since 2015 on …

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