Monthly archives: October 2021

ENGINE: East of Suez Bunker Fuel Market Update 27/10/21

East of Suez bunker prices have mostly come down with Brent, while Singapore’s LSMGO price has jumped amid higher-priced stems.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO price down in Fujairah ($6/mt), Zhoushan ($3/mt) and Singapore ($1/mt)    LSMGO prices up in Singapore ($21/mt), and down in Zhoushan and Fujairah …

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ENGINE: Europe & Africa Bunker Fuel Market Update 27/10/21

Rotterdam’s bunker prices have dropped sharply amid declining Brent values, and fuel oil supply has tightened in the port.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($1/mt), and down in Rotterdam ($18/mt) and Gibraltar ($6/mt) LSMGO prices steady in Durban, and down in Rotterdam ($9/mt) and Gibraltar ($1/mt) …

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Iron Ore DCE Jan Daily Technical Review 27/10/21

Verdict – Short-term neutral. DCE iron ore January contract tested low in the morning session following the general correction on coal sector. However iron ore went back to its own technical range and became the strongest contract among ferrous complex. Hourly MACD widened above 0 axis. Hourly CCI approached bullish territory. The first support is …

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Daily Virtual Steel Mill Report 27/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China PM Liu He had a video conference with U.S. Treasury Secretary Yellen. The conference revealed the expectation on tax exemption. ·         China state council issued details on emission peak. At the year 2030, China non-fossil energy expecting to reach 25% of whole energy usage. ·         …

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Morning Oil Report 27/10/21

At 10:45 am Singapore time (0245 GMT), the ICE December Brent futures contract was down 50 cents/b (0.58%) from the previous close at $85.90/b, while the NYMEX December light sweet crude contract was 60 cents/b (0.71%) lower at $84.05/b after settling at a fresh seven-year high overnight.   API Crude: +2.318 M Cushing: -3.734 M …

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Morning Tanker FFA Report 27/10/21

News Headlines:   U.S. demand for oil surges, depleting tanks in Oklahoma (Reuters) Crude oil tanks at the Cushing, Oklahoma storage hub are more depleted than they have been in the last three years, and prices of further dated oil contracts suggest they will stay lower for months. U.S. demand for crude among refiners making …

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