Category archives: News

ENGINE: Europe & Africa Bunker Fuel Market Update 24/9/21

Bunker prices are mostly rangebound across European and African bunker hubs as they resist some of Brent’s upward push, while other prices have been pulled down by lower-priced stems.   Changes on the day to 08.00 GMT today: VLSFO prices up in Rotterdam ($1/mt), steady in Gibraltar, and down in Durban ($16/mt) LSMGO prices up …

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Daily DCE Review 24/9/21

Iron ore futures continued to book gains on increased restocking activities, ahead of coming long holidays in October. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 2.47% day-on-day or up RMB 16.50 to RMB 684.50/mt, during the day trading session on Friday. The rebar future also dropped by 2.83% day-on-day …

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Iron Ore DCE Jan Daily Technical Review 24/9/21

Verdict – Short-term neutral. DCE iron ore January contract slight rebound but in general neutral, as expected yesterday. Hourly slow stochastic KD was brewing a breakthrough on the lower bound of overbought territory. Hourly CCI was testing the support on the lower bound of bullish territory. However from daily chart, MACD created gold cross. Daily …

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Daily Capesize Review 23/9/21

Capesize freight rates rallied to record high levels, amid tight tonnage supply and improving shipping demand in both basins. The Capesize 5 time charter average, then rose by $1,968 day-on-day to $61,683 on Thursday, as market participants anticipated a super cycle ahead. The Baltic Dry Index (BDI) then jumped further by $91, up 2.00% day-on-day, …

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Daily Virtual Steel Mill Report 24/9/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         U.S. Markit Manufacturing PMI September  60.5, last 61.1. ·         Concrete on housing utilization rate slumped compared to the year 2020 in China, since several default on housing companies. The 500 sample concrete companies utilization rate at 19.39%, down 6.39% y-o-y. Iron Ore Key Indicators: ·         Platts …

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ENGINE: Americas Bunker Fuel Market Update 23/9/21

Americas bunker prices have taken mixed directions, with some rallying further up with Brent, and others coming off after making significant gains yesterday.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Houston ($6/mt) and Zona Comun ($4/mt), and down in New York ($14/mt), Los Angeles ($6/mt) and Balboa …

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