ENGINE: Europe & Africa Bunker Fuel Market Update 15/9/21

European and African bunker prices have ticked up alongside Brent, and Algoa Bay bunkering has been suspended since yesterday.   Changes on the day to 08.00 GMT today: VLSFO prices up in Gibraltar and Durban ($4/mt), and down in Rotterdam ($1/mt) LSMGO prices up in Rotterdam ($6/mt), Gibraltar and Durban ($3/mt) HSFO prices up in …

ENGINE: East of Suez Bunker Fuel Market Update 15/9/21

Bunker prices have seen small gains across East of Suez ports in the past day, and Typhoon Chanthu has also suspended bunkering in South Korea and Japan.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah and Zhoushan ($4/mt) and Singapore ($1/mt) LSMGO prices up in Fujairah ($5/mt) …

Daily DCE Review 15/9/21

Iron ore futures extended losses at the morning session, despite some rallies later to recover the loss grounds before the close. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 1.46% day-on-day or down RMB 10.50 to RMB 711/mt, during the day trading session on Tuesday. The rebar future plunged sharply …

Iron Ore DCE Jan Daily Technical Review 15/9/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract refreshed a listed low during the day. The mid-run bearish has yet changed. Rebound previously created entrance opportunities for new short investors. Both highs and lows were decreasing fast. Reversal was difficult unless a quick push back with significantly increased volume. The first support …

Daily Virtual Steel Mill Report 15/9/21

Market Verdict on Iron Ore: ·         Neutral to bearish. Macro ·         The United States recorded an annual rate of 5.3% without quarterly adjustment of CPI in August, in line with expectations. In August, the monthly rate of core CPI recorded 0.1%, the lowest since February this year. Analysts believed that this indicated inflation has peaked, …

Daily Capesize Review 14/9/21

Capesize freight rates continued to march onward with gains as typhoon related weathers caused disruption in shipping schedules. The Capesize 5 time charter average, then rose by $784 day-on-day to $53,692 on Tuesday, as market slowed down after a huge daily spike in previous session. The Baltic Dry Index (BDI) then rose by $58, up …