Capesize freight rates continued to soften on bearish market sentiment, with lesser shipping demand to move iron ore and coals. The Capesize 5 time charter average, then fell by $1,220 day-on-day to $34,845 on Monday, extending recent market corrections. The Baltic Dry Index (BDI) followed the downtrend and dropped by $91, down 2.59% day-on-day, to …
Monthly archives: November 2021
ENGINE: Americas Bunker Fuel Market Update 1/11/21
Bunker prices have mostly gained with Brent across the Americas, and Balboa’s VLSFO price has risen to bigger premiums over regional ports amid tight supply. Changes on the day from Friday, to 09.30 CST (14.30 GMT) today: VLSFO prices up in Balboa ($11/mt), Los Angeles ($9/mt) and Zona Comun ($5/mt), and down in New …
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ENGINE: East of Suez Bunker Fuel Market Update 1/11/21
East of Suez bunker prices are down from Friday’s levels, as Brent has shed more than $1/bbl. Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO price down in Zhoushan ($32/mt), Singapore ($11/mt) and Fujairah ($8/mt) LSMGO prices down in Singapore ($18/mt), Zhoushan and Fujairah ($12/mt) HSFO380 prices down in Zhoushan ($12/mt) …
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ENGINE: Europe & Africa Bunker Fuel Market Update 1/11/21
Declining Brent values have pulled European and African bunker prices down from highs made last week, and several Mediterranean locations have seen weather delays. Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($28/mt), Gibraltar ($15/mt) and Rotterdam ($5/mt) LSMGO prices down in Gibraltar ($15/mt), Durban ($8/mt) and Rotterdam ($6/mt) …
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Steel and Scrap Morning Report 1/11/21
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Iron Ore DCE Jan Daily Technical Review 1/11/21
Verdict – Short-term neutral to bearish. DCE iron ore Jan contract volatile in narrow range during the day, however saw lower lows and lower highs. Iron ore was running in a descending tunnel. Hourly CCI decreased to the lowest since September 17th. Slow stochastic KD consolidate in netural range. Hourly MACD created dead cross below …
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Daily Virtual Steel Mill Report 1/11/21
Market Verdict on Iron Ore： · Neutral. Macro · China National Bureau of Statistics: China October PMI 49.2, last 49.6, est. 49.7. The second month located in the contraction area. · G20 countries drafted plan will take the maximum efforts to stop new build coal-based electricity power generating program. Iron Ore Key Indicators: · Platts …
Morning Tanker FFA Report 1/11/21
News Headlines: Oil drops on China fuel reserves release; OPEC+ meeting in view (Reuters) Oil prices dropped on Monday as China’s release of gasoline and diesel reserves eased concerns over tight global supply, while investors cashed in ahead of a Nov. 4 meeting of major crude producers that could increase future production targets. Brent …
Fertilizer Report 29/10/21
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Morning Oil Report 1/11/21
At 11:01 am Singapore time (0301 GMT), the ICE January Brent futures contract was down 23 cents/b (0.27%) from the previous close at $83.49/b, while the NYMEX December light sweet crude contract fell 41 cents/b (0.49%) at $83.16/b. Crude oil futures dipped in mid-morning trade in Asia Nov. 1 following weak economic data out …