FOB China HRC The index fell by $2/t yesterday (25.8.21) to US$908/t, MTD US$922.82/t. Cisa member mills reverses early August Crude steel output cuts, increasing output by 4.6pc to 2.1379mn t/day over 11-20 August from 1-10 August. The output was still 1.1pc lower from a year earlier. There are no changes for major …
Author archives: Chris Hudson
ENGINE: Global Physical Bunker Market Update 25/8/21
Bunker prices are rising for a third day in a row across global bunkering ports, tracking higher Brent crude values. Changes in the day to 08.00 GMT today: VLSFO prices up in Houston ($15/mt), Fujairah ($12/mt), Gibraltar ($11/mt), Singapore ($10/mt) and Rotterdam ($7/mt) LSMGO prices up in Fujairah ($18/mt), Singapore and Gibraltar ($15/mt), Fujairah …
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Morning Steel and Scrap Report 25/8/21
FOB China HRC The index was flat yesterday (24.8.21) at US$910/t, MTD US$923.75/t. People’s Bank of China governor Yi Gang said in a statement that the bank will adjust its credit and loan polices to support small and mid-sized companies. The bank will “increase cash supply modestly to help China’s economy to run …
ENGINE: Global Physical Bunker Market Update 24/8/21
Global bunker prices have extended yesterday’s gains, as Brent adds 4% on the day. Changes in the day to 08.00 GMT today: VLSFO prices up in Singapore ($17/mt), Gibraltar ($15/mt), Fujairah ($13/mt), Rotterdam ($7/mt) and down in Houston ($15/mt) LSMGO prices up in Singapore ($23/mt), Rotterdam and Gibraltar ($12/mt), Fujairah ($11/mt), and down in …
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ENGINE: Global Bunker Market Update 23/8/21
Global bunker prices are rising today after dropping to monthly lows last Friday. Changes in the day to 08.00 GMT today: VLSFO prices up in Singapore ($12/mt), Gibraltar and Houston ($9/mt), Rotterdam ($8/mt) and Fujairah ($4/mt) LSMGO prices up in Fujairah ($19/mt), Houston ($9/mt), Rotterdam ($4/mt), Singapore ($3/mt) and steady in Gibraltar HSFO380 prices …
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Tanker Morning Report 23/8/21
News Headlines: OIL DAYBOOK EUROPE: Asia’s Excess Diesel to Head West; Margins (Bloomberg) When the pandemic spread across Asia last year, oil traders sent an armada of tankers to haul excess diesel supplies out of the region. Now, as the delta variant of the coronavirus rips across the continent, the same thing could happen …
Fertilizer Market Report 20/8/21
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Castaway Podcast Episode 67
FIS Castaway Podcast – Episode 67 Laudate Nostradamus! With our freight and apocalyptic iron ore calls from the last few weeks coming true, we look at what’s been going on in the ferrous, oil and freight markets this week. Listen Below: Website https://freightinvestorservices.com/blog/fis-castaway-eps-67/ Spotify https://open.spotify.com/episode/1bx7An2ak8PjbHmUhG1qHw?si=gshvw_3CQlqGzuG-ibTeqw&dl_branch=1 iTunes https://podcasts.apple.com/gb/podcast/episode-67/id1507094242?i=1000531695519
Singapore Iron Ore Derivatives Report 10/08/21
Iron Ore Market Update Market Commentary Iron ore futures remained subdued on Tuesday as the steel outlook continues to be clouded by concerns over further production curbs. China’s efforts to clean up its dirtiest steel industry are finally taking effect, with consumption taking a hit. Apparent consumption across five typical steel products fell to 9.86 …
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ENGINE: Global Bunker Fuel Market Update 10/8/21
Global bunker prices have surged with Brent as the futures contract bounced back by nearly $2/bbl to make it above $70/bbl again. Changes on the day to 08.00 GMT today: VLSFO prices up in Singapore ($26/mt), Gibraltar ($25/mt), Fujairah ($22/mt), Rotterdam ($12/mt) and Houston ($1/mt) LSMGO prices up in Fujairah ($38/mt), Gibraltar ($23/mt), Rotterdam …
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