News Headlines: OIL DAYBOOK EUROPE: U.S. Shale Explorers Rev Up Their Rig Count (Bloomberg) Just when it looked like U.S. shale explorers were settling in for slower growth the rest of this year, the oil-rig count jumped the most in four months. OIL FUTURES: Oil Drops as Delta Takes Toll on China as July Apparent Oil …
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Fertilizer Market Report 13/08/21
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
Morning Steel and Scrap Report 13/08/21
FOB China HRC The index was flat yesterday (12.8.21) at US$928/t, MTD US$928.50/t. HRC stockpiles at traders and mills increased by over 60,000t this week, with output increasing, participants said. Buyers were not ready to book with weak demand and some traders started to concern downstream demand may not recover in September. In …
Singapore Iron Ore Report 13/08/21
Iron Ore Market Update Market Commentary China’s steel outlook looks bleak as China’s steel industry vowed to enforce efforts to cut output this year. According to Shanghai Securities News, the government will work closely with the industry to develop plans for staggered steel production cuts over winter. Major producers such as Jiangsu and Shandong have …
Morning Fuel Oil Report 13/08/21
Morning Oil Report Brent crude was down 49 cents, or 0.7%, at $70.82 a barrel by 0507 GMT, after dropping 13 cents in the previous session. U.S. crude was off by 53 cents, or 0.8%, at $68.56 a barrel, having fallen 0.2% on Thursday. The benchmarks are still heading for a slight gain this …
Tanker Morning Report 13/08/21
News Headlines: OIL DAYBOOK EUROPE: Cheap U.S. Crude Flows to Asia; Pemex Woes (Bloomberg) Asian buyers are snapping up cheap U.S. crude cargoes despite demand concerns due to the latest coronavirus resurgence, with the flurry of deals likely to be at the expense of Middle Eastern barrels. Chinese, Indian and South Korean companies …
Fertilizer Market Report 12/08/21
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
Singapore Iron Ore Derivatives Report 12/08/21
Iron Ore Market Update Market Commentary Iron ore futures remained subdued as falling steel output kept pressure on the steelmaking ingredient. China’s crude steel production continued to fall as a result of the ongoing output cuts. Daily crude steel production fell by 1.2% to an average of 2.96 million metric tonnes per day over …
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ENGINE: Global Bunker Fuel Market Update 12/08/21
ENGINE: Global Bunker Fuel Market Update Global bunker prices have mostly made moderate gains alongside Brent, while Zhoushan’s HSFO380 price has shot up amid tight availability. Changes on the day to 08.00 GMT today: VLSFO prices up Singapore, Fujairah and Houston ($5/mt) and Rotterdam ($3/mt), and down in Gibraltar ($1/mt) LSMGO prices up in …
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Morning Steel and Scrap Report 12/08/21
FOB China HRC The index was unchanged yesterday (11.8.21) at US$928/t, MTD US$928.57/t. North China’s Tangshan government requires its independent rolling mills to maintain current production restriction ratio from 10 August to control ozone pollution, with no end date given. Chinese mills could make Yn800-1,000/t gross profit for coils at current spot prices, wider …