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Category archives: News
ENGINE: Global Bunker Market Update 23/8/21
Global bunker prices are rising today after dropping to monthly lows last Friday. Changes in the day to 08.00 GMT today: VLSFO prices up in Singapore ($12/mt), Gibraltar and Houston ($9/mt), Rotterdam ($8/mt) and Fujairah ($4/mt) LSMGO prices up in Fujairah ($19/mt), Houston ($9/mt), Rotterdam ($4/mt), Singapore ($3/mt) and steady in Gibraltar HSFO380 prices …
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Singapore Iron Ore Derivatives 23/08/21
Iron Ore Market Update Market Commentary Iron ore declined on Monday as investors remained unconvinced by the recent uptick in restocking activities ahead of the peak demand season. Steel demand outlook remains a big concern to many trade participants despite the peak demand season is fast approaching due to the ongoing production curbs. The Commonwealth …
Daily DCE Review 21/8/21
Iron ore futures moved flatly on Monday day session, and dipped at session close, following previous week of trading losses. The futures of Dalian Commodity Exchange (DCE) for September delivery then dropped by 1.05% day-on-day or down RMB 8 to RMB 757/mt, during the day trading session on Monday. The rebar futures, however rose by …
Daily Capesize Review 20/8/21
Capesize freight rates maintained bullish momentum with strong showings in both basins, amid tightening tonnage supply. The Capesize 5 time charter average, then rose by $2,370 day-on-day to $49,731 on Friday, extending the bullish run. The Baltic Dry Index (BDI) also continued its record-breaking upward movement reaching high levels of $4,092, up 2.92% day-on-day, due …
Morning Fuel Oil Report 23/08/21
Morning Oil Report At 10:58 am Singapore time (0258 GMT), the ICE October Brent futures contract was up 87 cents/b (1.33%) from the previous close at $66.05/b, while the NYMEX October light sweet crude contract was 74 cents/b (1.19%) higher at $62.87/b. The pandemic still provides the oil market with a sense of …
London Coking Coal Market Report 20/08/21
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Iron Ore DCE Jan Daily Technical Review 23/8/21
Verdict – Short-term neutral. DCE iron ore January contract gave back most of gains created by last Friday. Hourly MACD weakened. Hourly slow stochastic KD created dead cross below overbought area. Hourly CCI corrected to bearish area from bullish area fast. The short support 735.0 was strong, which used to create a market reversal. However …
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Daily Virtual Steel Mill Report 23/8/21
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · U.S. Dollar reached the highest since last November on last Friday. Dollar entered a strong cycle. Iron Ore Key Indicators: · Platts 62% 139.10 (+8.90), MTD 163.36. · Jan -Jul China recycled iron and steel imported 420,500 tonnes. Major import from Japan. SGX …
Tanker Morning Report 23/8/21
News Headlines: OIL DAYBOOK EUROPE: Asia’s Excess Diesel to Head West; Margins (Bloomberg) When the pandemic spread across Asia last year, oil traders sent an armada of tankers to haul excess diesel supplies out of the region. Now, as the delta variant of the coronavirus rips across the continent, the same thing could happen …