Iron Ore Market Update Market Commentary The rout on iron ore accelerated on Thursday as it plunged below $130 following concerns over Chinese steel demand. Iron ore has taken a heaving beating in the past fortnight as authorities in Beijing tightened controls over steel production in an attempt to reduce emission. These production controls are …
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Morning Fuel Oil 19/08/21
Morning Oil Report At 10:32 am Singapore time (0232 GMT), the ICE October Brent futures contract was down $1.03/b (1.51%) from the previous close at $67.18/b, while the NYMEX September light sweet crude contract fell $1.07/b (1.63%) at $64.39/b. EIA week ending 8/13 Crude oil: -3.2M Gasoline: +0.7M Distillates: -2.7M Refiner utilz: 92.2% …
Fertilizer Market Report 18/08/21
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Tanker Morning Report 19/08/21
News Headlines: Tanker Market in the Doldrums As Owners Lose Liquidity By the Day (Hellenic) In stark contrast to the dry bulk and container segments which have been rallying for much of 2021, the tanker market is more than lackluster. Owners have seen their liquidity drained, as earnings have remained below OPEX levels …
ENGINE: Global Bunker Fuel Market Update 18/08/21
ENGINE: Global Bunker Fuel Market Update Global bunker prices are moving in mixed directions today, while Brent prices have dropped further on the day. Changes in the day to 08.00 GMT today: VLSFO prices down in Singapore and Gibraltar ($1/mt), up in Fujairah ($1/mt), Rotterdam ($3/mt) and Houston ($7/mt) LSMGO …
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Singapore Iron Ore Derivatives 18/08/21
Iron Ore Market Update Market Commentary Iron ore futures plunged below $150 as investors once again turned their focus to China’s wavering demand after the BHP Group warned against the risks of further steel output cuts. In its commodities outlook report, the Australian miner warned that the “increasing likelihood of stern cuts to steel …
Morning Steel and Scrap Report 18/08/21
FOB China HRC The index fell by $6/t yesterday (17.8.21) to US$925/t, MTD US$928.36/t. The National Development and Reform Commission said that nine provinces including eastern China’s Jiangsu province showed increasing energy consumption in the first half year, and these regions were asked to make more enforceable measures to meet the energy consumption …
Morning Fuel Oil Report 18/08/21
Morning Oil Report After flitting around Tuesday’s close in Asian morning trade, Brent crude was up 23 cents or 0.3% at $69.26 a barrel by 0512 GMT. U.S. oil gained 24 cents or 0.4% to $66.83 a barrel. API Crude -1.163M Cushing -1.735M Gasoline -1.1979M Distillate +0.502M US crude inventories declined …
Fertilizer Market Report 17/08/21
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
Tanker Morning Report 18/08/21
News Headlines: Oil steadies, Delta outbreaks cloud demand prospects (Reuters) Oil prices steadied on Wednesday, after four days of declines with investors still wary about prospects for stronger fuel demand as the use of rail, air and other forms of transport remained constrained amid surging COVID-19 cases worldwide. Prices Could Move …