Monthly archives: November 2021

ENGINE: Europe & Africa Bunker Fuel Market Update 18/11/21

European and African bunker prices are on retreat with Brent, as the US reaches out to recruit big Asian countries to tap into emergency crude reserves to cool prices.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($20/mt), Gibraltar ($18/mt) and Rotterdam ($17/mt) LSMGO prices down in Durban ($25/mt), …

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Iron Ore DCE Jan Daily Technical Review 18/11/21

Verdict – Short-term neutral. DCE iron ore Jan22 started to consolidate weakly after refreshed listed low during today. Major previous support become resistance at 531.0 level after breakdown. Hourly slow stochastic KD retreated to bearish territory. Hourly MACD deepened below 0 axis. Short-run signals were indicating a neutral sentiment in this market. The first support …

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Daily Virtual Steel Mill Report 18/11/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         Reuters: Biden government seek the top oil producing countries to release some crude oil reserves to help decrease oil price and stimulate economy booming. Iron Ore Key Indicators: ·          Platts62 $89.95, -0.45, MTD $93.45. Iron ore seaborne market gradually return stable during the week, as several …

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Oil and Products Morning Report 18/11/21

At 10:35 am Singapore time (0214 GMT), the ICE January Brent futures contract was down 30 cents/b (0.37%) from the previous close at $79.98/b, while the NYMEX December light sweet crude contract fell 68 cents/b (0.87%) at $77.68/b. Both benchmarks had shed 2.6%-3% in value overnight.   EIA week ending 11/12 Crude oil: -2.1M Gasoline: …

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