Monthly archives: November 2021

ENGINE: Europe & Africa Bunker Fuel Market Update 15/11/21

Bunker prices have mostly been rangebound in Europe and Africa since Friday, while VLSFO prices have surged in Scandinavia amid tight prompt availability.   Changes on the day from Friday, to 08.00 GMT today: · VLSFO prices up in Durban ($5/mt), and down in Rotterdam and Gibraltar ($3/mt) · LSMGO prices down in Rotterdam ($4/mt) …

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Iron Ore DCE Jan Daily Technical Review 15/11/21

Verdict – Short-term neutral.   DCE iron ore Jan22 created a doji during the day with no significant direction. Short-run resistance fell on 560.0 – 561.0 area. Short-run support on 532.0 area which created a very fast rebound. Houlry MACD exhausted above 0 axis and became neutral. Hourly CCI fell to bearish boundary. Short-run technicals …

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Daily Virtual Steel Mill Report 15/11/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China  Ministry of Foreign Affairs spokesperson Hua Chunying announced that China Chairman Xi will hold a internet conference with U.S. president Biden. Market understand as a step forward and ease of the two countries. ·         21 China cities published a price floor on houses to avoid …

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Morning Oil and Products Report 15/11/21

At 10:12 am Singapore time (0212 GMT), the ICE January Brent futures contract was down 49 cents/b (0.60%) from the previous close at $81.68/b, while the NYMEX December light sweet crude contract fell 39 cents/b (0.48%) to $80.40/b.   The latest inflation prints could also bring forward the US Federal Reserve’s plans to tighten its …

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Morning Tanker FFA Report 15/11/21

News Headlines:   ASIA-AMERICAS FUEL: November Shipments Jump On Jet Fuel Pick-Up (Bloomberg) November-loading shipments of clean fuels from Asia to the Americas rose to 295k tons as of Monday, from 105k tons a week earlier, according to data compiled by Bloomberg. * Five cargoes were booked on the route last week, including two alkylate and …

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