Monthly archives: October 2021

Daily Virtual Steel Mill Report 22/10/21

Market Verdict on Iron Ore： ·         Oversold in short-run. Macro ·         China PM Li Keqiang held conference to punish illegal speculation on coal market and prevent the price transmission from commodities to downstream, and avoid cost increasing on mid-small capital company. ·         China Zhejiang Province downgrade the electricity consumption level from C to B, indicating …

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FIS Fuel Oil Morning Report 22/10/21

At 11:15 am Singapore time (0315 GMT), the ICE December Brent futures contract was down 36 cents/b (0.43%) from the previous close at $84.25/b, while the NYMEX November light sweet crude contract fell 29 cents/b (0.35%) at $82.21/b.   Oil prices came under pressure yesterday, dragged down by the broader weakness seen across the commodities …

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FIS Morning Report Tanker FFA 22 -10-21

News Headlines:  OIL DAYBOOK EUROPE: Biden Says Gasoline Prices Will Remain High (Bloomberg) President Joe Biden said that Americans should expect high gasoline prices to continue into next year because of policies by OPEC and other foreign oil producers. “That’s because of the supply being withheld by OPEC,” the president said during a CNN town …

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ENGINE: Americas Bunker Fuel Market Update 21/10/21

Defying Brent’s downward pull, bunker prices have gained in Houston and Balboa in the past day.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Houston ($2/mt) and Balboa ($1/mt), and down in Los Angeles ($5/mt), Zona Comun ($4/mt) and New York ($3/mt) LSMGO prices up in New York …

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