ENGINE: Europe & Africa Bunker Fuel Market Update 16/11/21

Bunker prices have taken mixed direction across Europe and Africa in the past day, and VLSFO has been resupplied in Scandinavia to ease price pressure.    Changes on the day to 08.00 GMT today:  VLSFO prices up in Durban ($29/mt), Gibraltar ($12/mt) and Rotterdam ($7/mt)  LSMGO prices up in Gibraltar ($6/mt), and down in Rotterdam …

Supramax Dec 21 Morning Technical Comment – 240 Min 16/11/21

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Panamax Dec 21 Morning Technical Comment – 240 Min 16/11/21

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Capesize Dec 21 Morning Technical Comment – 240 Min 16/11/21

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Oil and Products Morning Report 16/11/21

At 10:43 am Singapore time (0243 GMT), the ICE January Brent futures contract was up 75 cents/b (0.91%) from the previous close at $82.80/b, while the NYMEX December light sweet crude contract rose 58 cents/b (0.72%) to $81.46/b.   The daily charts for both front-month contracts showed oil prices printing a hammer formation in the …

Daily DCE Review 16/11/21

Iron ore futures suffered a sharp fall just the close at the morning session, then moved flattish at the afternoon session amid thin steel margins and falling steel prices.   The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 1.10% day-on-day or down RMB 6 to RMB 540/mt, during the day …