ENGINE: Americas Bunker Fuel Market Update 3/11/21

Americas bunker prices have been pushed down by declining Brent values after US crude stocks grew by more than expected.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices down in Balboa ($12/mt), Los Angeles and Zona Comun ($10/mt), New York ($4/mt) and Houston ($2/mt) LSMGO prices down in New York …

Castaway Podcast Ep. 78

Freight and ferrous have fallen off a cliff this week, so we invited Holly Birkett from Tradewinds to discuss what’s been going on in the commodity markets this past week.   Click Below to Listen:   Website – https://freightinvestorservices.com/blog/fis-castaway-eps-78/   Spotify – https://open.spotify.com/episode/6fAzj6r9iPxU7Uy7ObSPm6?si=542m_BNOQm2Me-8QDAaPDA   iTunes – https://podcasts.apple.com/gb/podcast/episode-78/id1507094242?i=1000540622606

ENGINE: Europe & Africa Bunker Fuel Market Update 3/11/21

Bunker prices are sharply down with Brent, and a string of Mediterranean ports could see more weather disruptions over the next two days.   Changes on the day to 08.00 GMT today: VLSFO prices down in Rotterdam ($15/mt), Gibraltar ($12/mt) and Durban ($10/mt) LSMGO prices down in Durban ($15/mt), Rotterdam and Gibraltar ($13/mt) HSFO prices …

ENGINE: East of Suez Bunker Fuel Market Update 3/11/21

East of Suez bunker prices have fallen on the day with Brent values, after API figures showed a bigger-than-expected build in US crude inventories.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Fujairah ($12/mt), Singapore ($10/mt) and Zhoushan ($6/mt) LSMGO prices down in Fujairah ($16/mt), Zhoushan ($14/mt) and …

Iron Ore DCE Jan Daily Technical Review 3/11/21

Verdict – Short-term neutral to bullish. DCE iron ore started recovery sentiments after a big slump over the past five trading days. The opening slight high last night indicated smart money was not very pessimistic on the current market. Iron ore rebound fast during the day from a negative 3% to negative 0.42% by closing. …

Daily Virtual Steel Mill Report 3/11/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         U.S. secretary of commerce Gina Raimondo said the cancellation of U.S. – E.U. metal tax would help to counter against U.S. high inflation rate. ·         Instituite of International Finance data indicated the interest rate undermined the new funds entry of equity sector in new emerging market, …