Category archives: News

ENGINE: Americas Bunker Fuel Market Update 31/8/21

Bunker prices have mixed direction across ports in the Americas, and as New Orleans and other Lower Mississippi River ports recover from Hurricane Ida several vessels may be diverted to bunker in US Gulf Coast ports unaffected by the damage.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in …

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Daily Capesize Review 31/8/21

Capesize freight rates fell sharply after the recent rally, as the market consolidated, while profit takings continued in the paper market. The Capesize 5 time charter average, then plunged down by $2,010 day-on-day to $49,089 on Tuesday, after much selling pressures. The Baltic Dry Index (BDI) followed the decline and slid down by $103, down …

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Iron Ore DCE Jan Daily Technical Review 1/9/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract corrected massively by 7.78%. The last five trading hours with very small volume indicated current market entered a correction trend. However hourly technical were indicating and exhaustion of the correction. Hourly CCI potentially leave bearish area. Hourly slow stochastic KD potentially create gold cross …

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Daily Virtual Steel Mill Report 1/9/21

Market Verdict on Iron Ore： ·         Neutral to bearish, however limited room downside. Macro ·         China August Manufacturing PMI 50.1, est. 50.2, last 50.4. Analysts believed that as the decrease of pandemic cases, and the “busy September” in manufacturing market, PMI potentially recover. ·         European central bank decided to end pandemic bond purchase from next …

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FIS Morning Report Tanker FFA 01-09-21

News Headlines: OIL DAYBOOK EUROPE: Asia Jet Fuel Recovery Grounded by Flare-Ups (Bloomberg) Jet-fuel demand in Asia suffered a blow last month as the delta coronavirus variant flared, prompting airlines to cut back on services and forcing local refiners to ship more of the unwanted fuel to the U.S. and Europe.   SUPERTANKER TRACKER: China, …

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FIS Fuel Oil Morning Report 01/09/21

At 11:15 am Singapore time (0315 GMT), the ICE November Brent futures contract was up 57 cents/b (0.79%) from the previous close at $72.20/b, while the NYMEX October light sweet crude contract was 52 cents/b (0.75%) higher at $69.02/b.   According to estimates from S&P Global Platts Analytics, about 2.2 million b/d of Louisiana refining …

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