Monthly archives: October 2021

ENGINE: Europe & Africa Bunker Fuel Market Update 25/10/21

Rotterdam’s VLSFO price has climbed to record highs, and VLSFO prices are at their highest since the IMO 2020 transition in other major European and African ports.   Changes on the day from Friday, to 08.00 GMT today: VLSFO prices up in Rotterdam ($20/mt), Durban ($18/mt) and Gibraltar ($14/mt) LSMGO prices up in Gibraltar ($12/mt) …

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Daily DCE Review 25/10/21

Iron ore futures rose at the opening, despite some dips toward the close but still managed to book positive gains on the day session. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 1.70% day-on-day or up RMB 11.50 to RMB 688.50/mt, during the day trading session on Monday. The rebar …

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Iron Ore DCE Jan Daily Technical Review 25/10/21

Verdict – Short-term neutral to bullish. DCE iron ore January contract started a small round of rebound from a month low. However the recovery of the rebound needs a confirm to breakthrough 711.5. Hourly MACD narrowed. Hourly slow stochastic KD created a dead cross below overbought area. Technical signals were indicating the rebound was in …

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Daily Virtual Steel Mill Report 25/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China state council researched to support wind based electricity, solar based electricity and to increase utilize advanced smart power grid technology. To control coal, steel, electrolytic aluminum, cement, and petro-chemical projects investments. To support green and low carbon consumption program development. ·         China financial department drafted …

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Morning Oil Report 25/10/21

At 10:28 am Singapore time (0228 GMT), the ICE December Brent futures contract was up 64 cents/b (0.75%) from the previous close at $86.17/b, while the NYMEX December light sweet crude contract was 84 cents/b (1%) higher at $84.60/b.   Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply …

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Morning Tanker FFA Report 25/10/21

News Headlines:   Oil prices extend gains to multi-year highs on tight supply (Reuters) Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world as economies pick up from coronavirus pandemic-induced slumps.   To view …

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