Author archives: Chris Hudson

Steel and Scrap Morning Report 17/9/21

FOB China HRC The index kept flat yesterday (16.9.21) at US$909/t, MTD US$909/t.   Three major construction steel mills in Jiangsu province were heard to be expanding output cuts to 30pc for the rest of September, and a private mill shut down all its three blast furnaces for the rest of the month with no …

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Morning Oil Report 17/9/21

At 10:41 am Singapore time (0241 GMT), the ICE November Brent futures contract was down 16 cents/b (0.21%) from the previous close at $75.51/b, while the NYMEX October light sweet crude contract was 15 cents/b (0.21%) lower at $72.46/b. Demand concerns have resurfaced as China battles a fresh outbreak of COVID-19 cases in southern Fujian …

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ENGINE: Americas Bunker Fuel Market Update 16/9/21

Bunker prices have retreated from seven-week highs in the Americas as Brent runs out of steam. Changes on the day to 09.30 CST (14.30 GMT) today: · VLSFO prices down in Houston ($17/mt), New York and Los Angeles ($12/mt), Balboa and Zona Comun ($11/mt) · LSMGO prices down in Los Angeles ($35/mt), Zona Comun ($21/mt), …

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ENGINE: East of Suez Bunker Fuel Market Update 16/9/21

East of Suez bunker prices have risen to their highest point yet this year after Brent passed the $75/bbl mark, and bunkering has resumed in Shanghai.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($12/mt), Fujairah ($9/mt) and Zhoushan ($4/mt) LSMGO prices up in Fujairah ($5/mt) and …

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ENGINE: Europe & Africa Bunker Fuel Market Update 16/9/21

Bunker prices have reached two-month highs in Rotterdam and Gibraltar, and a bout of rough weather could disrupt bunkering off Skaw.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($10/mt), Rotterdam and Gibraltar ($9/mt) LSMGO prices up in Durban ($13/mt), Gibraltar ($12/mt) and Rotterdam ($7/mt) HSFO prices up in …

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ENGINE: Americas Bunker Fuel Market Update 15/9/21

A $2/bbl Brent rally has sent bunker prices up across the board in the Americas, and port operations have normalised in the Houston area.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Zona Comun ($18/mt), New York ($17/mt), Los Angeles ($15/mt), Houston ($14/mt) and Balboa ($12/mt) LSMGO prices …

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ENGINE: Europe & Africa Bunker Fuel Market Update 15/9/21

European and African bunker prices have ticked up alongside Brent, and Algoa Bay bunkering has been suspended since yesterday.   Changes on the day to 08.00 GMT today: VLSFO prices up in Gibraltar and Durban ($4/mt), and down in Rotterdam ($1/mt) LSMGO prices up in Rotterdam ($6/mt), Gibraltar and Durban ($3/mt) HSFO prices up in …

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ENGINE: East of Suez Bunker Fuel Market Update 15/9/21

Bunker prices have seen small gains across East of Suez ports in the past day, and Typhoon Chanthu has also suspended bunkering in South Korea and Japan.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah and Zhoushan ($4/mt) and Singapore ($1/mt) LSMGO prices up in Fujairah ($5/mt) …

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ENGINE: Europe & Africa Bunker Fuel Market Update 14/9/21

European and African bunker prices have mostly moved up with Brent, and Rotterdam’s VLSFO price has gained against several other ports.   Changes on the day to 08.00 GMT today: VLSFO prices up in Rotterdam ($8/mt), and down in Durban ($4/mt) and Gibraltar ($2/mt) LSMGO prices up in Durban ($8/mt) and Rotterdam ($3/mt), and steady …

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