Category archives: News

Tanker Morning Report 18/08/21

News Headlines:     Oil steadies, Delta outbreaks cloud demand prospects  (Reuters) Oil prices steadied on Wednesday, after four days of declines with investors still wary about prospects for stronger fuel demand as the use of rail, air and other forms of transport remained constrained amid surging COVID-19 cases worldwide.     Prices Could Move …

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Singapore Iron Ore Derivatives Report 17/08/2021

Iron Ore Market Update   Market Commentary Iron ore futures slid below $160 on Tuesday on ongoing concerns over steel demand despite an uptick in restocking activities. While Beijing’s efforts to rein in its dirtiest steel sector, China’s total production over the first seven months of the year remained 8% higher than last year’s level, …

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ENGINE: Global Bunker Fuel Market Update 17/08/21

ENGINE: Global Market Update   Global bunker prices are moving in mixed directions today, while Brent prices have dropped further on the day.   Changes in the day to 08.00 GMT today:   VLSFO prices down in Singapore and Gibraltar ($1/mt), up in Fujairah ($1/mt), Rotterdam ($3/mt) and Houston ($7/mt)     LSMGO prices down …

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Daily DCE Review 17/8/21

Iron ore futures dipped at the session close, due to weak market outlook and extension of production cuts to other Chinese regions. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 1.59% day-on-day or down RMB 13.50 to RMB 834/mt, during the day trading session on Tuesday. The rebar futures, also …

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