FOB China HRC There is no index yesterday given Singapore holiday. China exported 5.669mn t of steel products in July 2021, up by 35.8pc on year. Its January-July export volume increased by 30.9pc on year to 43.051mn t, while the import volume for steel products fell by 59.7pc in July to 1.049mn t. …
Author archives: Chris Hudson
Morning Tanker Report 10/8/21
News Headlines: OIL DAYBOOK EUROPE: Biggest China Oil Refiner Seen Cutting Runs (Bloomberg) China’s biggest oil refiner is scaling back operations as Beijing’s aggressive response to the delta virus variant saps demand for road and aviation fuel. State-owned China Petroleum & Chemical Corp., or Sinopec, is cutting run rates at some plants by 5% …
Fertilizer Market Report 9/8/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Oil Morning Report 10/08/21
Morning Oil Report At 11:18 am Singapore time (0318 GMT), the ICE October Brent futures contract was up 18 cents/b (0.26%) from the previous close at $69.22/b, while the NYMEX September light sweet crude contract was 36 cents/b (0.54%) higher at $66.84/b. Front month Brent fell by over 4% yesterday in the European …
Singapore Iron Ore Derivatives Report 09/08/2021
Iron Ore Market Update Market Commentary Iron ore futures sank to $160 on Monday as demand for the steelmaking material is wavering as China looks to clean up its steel sector while the emergence of the delta variant also sparks concerns for the slowing of the Chinese economic recovery. According to China Iron and Steel …
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ENGINE: Global Bunker Fuel Market Update 9/8/21
Global bunker prices are sharply down with Brent amid concerns over dented Chinese fuel demand, and a stronger US dollar. Changes on the day to 08.00 GMT today: VLSFO prices down in Gibraltar ($21/mt), Rotterdam ($19/mt), Singapore and Fujairah ($15/mt) and Houston ($1/mt) LSMGO prices down in Singapore and Gibraltar ($27/mt), Rotterdam ($25/mt), Fujairah …
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Ship Shape: When It Rains It Pours
FIS: Ship Shape When It Rains It Pours You might be mistaken for thinking that I am referring to the typically British weather that we have had recently, whereby what could have been a gloriously sunny summer has been interrupted by biblical rains and high winds. Alas not, as awkwardly British as …
Morning Steel and Scrap Report 9/8/21
FOB China HRC The index fell by $1/t last Friday (6.8.21) to US$928/t, MTD US$928.80/t. Some cities in east China’s Jiangsu province tightened policies to control the spread of Covid, slowing transportation between Shanghai and Jiangsu with drivers required to have frequent Covid tests. Participants remain cautious in seaborne market given China’s uncertain …
Tanker Morning Report 9/8/21
News Headlines: Iranian drone attacked Zodiac-operated Mercer Street tanker, US says (Tradewinds) US Central Command — the US military’s arm responsible for the Middle East — said its experts were able to recover pieces of the drone that struck the 49,992-dwt Mercer Street (built 2013) in the Gulf of Oman, concluding it was built …
Fertilizer Market Report 6/8/21
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630