Category archives: News

ENGINE: East of Suez Bunker Fuel Market Update 21/10/21

East of Suez bunker prices are up with Brent on the day, and bad weather has disrupted bunkering in eastern Chinese ports.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah ($11/mt), Singapore ($9/mt) and Zhoushan ($8/mt) LSMGO prices up in Singapore ($19/mt), Fujairah ($10/mt) and Zhoushan ($9/mt) …

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ENGINE: Europe & Africa Bunker Fuel Market Update 21/10/21

European and African bunker prices have mostly recovered on the back of Brent, and risen towards recent highs.   Changes on the day to 08.00 GMT today: VLSFO prices up in Rotterdam, Gibraltar and Durban ($7/mt) LSMGO prices up in Gibraltar ($14/mt) and Rotterdam ($8/mt) HSFO prices up in Rotterdam ($5/mt), and down in Gibraltar …

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Iron Ore DCE Jan Daily Technical Review 21/10/21

Verdict – Short-term bearish. DCE iron ore January contract started a slump mode in the Asian afternoon session driven majorly by the consecutive limit-down on coke and coal sectors. Ferrous money outflow was significant. Iron ore technically create three black candles from hourly chart with increasing volume, indicating the correction movement potentially extend in the …

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Daily Virtual Steel Mill Report 21/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China PM Li Keqiang held conference to punish illegal speculation on coal market and prevent the price transmission from commodities to downstream, and avoid cost increasing on mid-small capital company. ·         China Zhejiang Province downgrade the electricity consumption level from C to B, indicating the power …

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Daily DCE Review 21/10/21

Iron ore futures dipped at the close, despite opening higher at the start of the morning session due to market uncertainty over steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then tanked by 8.70% day-on-day or down RMB 8.70 to RMB 650.50/mt, during the day trading session on Thursday. The rebar …

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FIS Morning Report | Tanker FFA – 21 -10-2021

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Powerless to Ease Crisis; U.S. Demand (Bloomberg) Saudi Arabia said any extra oil from OPEC+ would do little to bring down surging natural-gas prices. “We see our role as extremely limited,” Saudi Energy Minister Prince Abdulaziz bin Salman said during the ERA Week India Energy Forum on Wednesday. * …

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