FIS API Blog
Bunker prices are mostly steady on the day, and bunkering faces weather disruptions in Port Elizabeth and Algoa Bay over the next week. Changes on the day to 08.00 GMT today: VLSFO prices steady in Gibraltar and Durban, and down in Rotterdam ($1/mt) LSMGO prices up in Durban ($7/mt) and Rotterdam ($2/mt), and down …
Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 28/7/21”
Iron ore futures recovered from previous day slump and inched up slightly at the close for the day trading session on Wednesday. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up by 0.22% day-on-day or RMB 2.50 to RMB 1,137.50/mt during the day trading session on Wednesday. The rebar futures, however …
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Capesize freight rates dipped lower amid market uncertainty over bad weathers and stringent shipping crew changes from rising Covid cases. The Capesize 5 time charter average, then fell by $875 day-on-day to $31,880 on Tuesday, due to easing of tonnage supply tightness. The Baltic Dry Index (BDI) then went down by 1.37% day-on-day, or 44 …
Verdict – Short-term neutral. DCE iron ore September finally ended with a rebound almost cover the loss from last trading day. However the rebound with small volume was not strong enough to create a firm trend. Hourly MACD expanded above 0 axis. The lower support at 1100- 1103.5 provide strong rebound several times from early …
Continue reading “Iron Ore DCE Sep Daily Technical Review 28/7/21”
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · National Bureau of Statistics: H1 2021 above designated industry companies total profit 4.22 trillion yuan, up 66.9% y-o-y, up 45.5% compared to the year 2019. · IMF global economic development review indicated the year 2021 global economy growth at 6%, in the year …
Bunker prices have mixed direction across the Americas, and stormy weather is set to disrupt bunkering in parts of Argentina and Brazil over the next two days. Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in New York ($8/mt), Houston ($7/mt), Balboa ($6/mt) and Zona Comun ($3/mt), and down …
Continue reading “ENGINE: Americas Bunker Fuel Market Update 27/7/21”
News Headlines: OIL DAYBOOK EUROPE: ETF Sees Massive Outflow; Refining Outlook (Bloomberg) Investors just pulled a net $128.7 million from one of the world’s biggest oil exchange-traded funds as the spread of the delta variant has slowed oil’s rally. Oil demand recovery, supply outlook favorable for clean tankers: Ardmore (S&P) Bearish summer expected, …
