ENGINE: Europe & Africa Bunker Fuel Market Update 2/9/21

Bunker prices have mostly been rangebound in European bunkering hubs the past day, and HSFO380 remains tight in several northern European ports.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($25/mt), Rotterdam and Gibraltar ($1/mt) LSMGO prices up in Durban ($35/mt) and Rotterdam ($5/mt), and steady in Gibraltar HSFO …

ENGINE: Americas Bunker Fuel Market Update 1/9/21

Bunker prices have slumped with Brent in the past day, but received some support from a massive US crude stock draw.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices down in Zona Comun ($22/mt), Houston and Balboa ($21/mt), Los Angeles ($20/mt) and New York ($8/mt) LSMGO prices down in Zona …

ENGINE: East of Suez Bunker Fuel Market Update 1/9/21

Bunker prices have dropped alongside Brent in East of Suez ports in the past day.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($16/mt), Singapore ($10/mt) and Fujairah ($9/mt) LSMGO prices down in Zhoushan ($17/mt), Fujairah ($11/mt) and Singapore ($8/mt) HSFO380 prices down in Zhoushan ($10/mt), Singapore …

ENGINE: Europe & Africa Bunker Fuel Market Update 1/9/21

Bunker prices across European ports have been pulled down by declining Brent values, as investors await today’s OPEC+ meeting and US inventory data for more price direction.   Changes on the day to 08.00 GMT today: VLSFO prices down in Gibraltar ($10/mt), Rotterdam ($9/mt) and Durban ($7/mt) LSMGO prices down in Durban ($24/mt), Rotterdam ($17/mt) …

ENGINE: Americas Bunker Fuel Market Update 31/8/21

Bunker prices have mixed direction across ports in the Americas, and as New Orleans and other Lower Mississippi River ports recover from Hurricane Ida several vessels may be diverted to bunker in US Gulf Coast ports unaffected by the damage.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in …

ENGINE: East of Suez Bunker Fuel Market Update 31/8/21

East of Suez bunker prices are up from Friday’s levels, tracking higher Brent crude values.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Zhoushan ($9/mt), Fujairah ($6/mt) and Singapore ($4/mt) LSMGO prices up in Zhoushan ($10/mt), and steady in Fujairah and Singapore HSFO380 prices up in Zhoushan ($19/mt), …

ENGINE: Europe & Africa Bunker Fuel Market Update 31/8/21

European and African bunker prices have come up on the back of Brent, and rough weather continues to disrupt anchorage bunkering in Algoa Bay.   Changes on the day from Friday to 08.00 GMT today: VLSFO prices up in Rotterdam ($13/mt), Gibraltar ($11/mt) and Durban ($9/mt) LSMGO prices up in Rotterdam ($18/mt), Gibraltar ($11/mt) and …

ENGINE: Global Physical Bunker Market Update 27/8/21

Bunker prices have recorded gains across global bunkering hubs today, tracking higher Brent crude values.   Changes in the day to 08.00 GMT today: VLSFO prices up in Rotterdam ($10/mt), Gibraltar ($9/mt), Fujairah ($8/mt), Houston ($6/mt) and Singapore ($3/mt) LSMGO prices up in Houston ($18/mt), Fujairah ($10/mt), Gibraltar ($9/mt), Rotterdam ($7/mt) and Singapore ($5/mt) HSFO380 …

Morning Steel and Scrap Report 27/8/21

FOB China HRC   The index was stable yesterday (26.8.21) at US$908/t, MTD US$922/t.   Automakers including Toyota, Volkswagen and Ford have announced production cuts from September for lack of semiconductors. Covid lockdowns in Malaysia, a production center of semiconductors in southeast Asia, have been a driver of factory shutdowns.   Chinese HRC inventory held …

ENGINE: Global Physical Bunker Market Update 26/8/21

Global bunker prices are moving in mixed directions across ports today, while Brent has inched up by another 1% on the day.   Changes in the day to 08.00 GMT today: VLSFO prices up in Houston ($9/mt), Rotterdam ($4/mt), Gibraltar ($11/mt), Singapore ($2/mt) steady in Fujairah and down in Gibraltar ($2/mt) LSMGO prices up in …