Category archives: Products

Daily Virtual Steel Mill Report 27/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China PM Liu He had a video conference with U.S. Treasury Secretary Yellen. The conference revealed the expectation on tax exemption. ·         China state council issued details on emission peak. At the year 2030, China non-fossil energy expecting to reach 25% of whole energy usage. ·         …

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Morning Oil Report 27/10/21

At 10:45 am Singapore time (0245 GMT), the ICE December Brent futures contract was down 50 cents/b (0.58%) from the previous close at $85.90/b, while the NYMEX December light sweet crude contract was 60 cents/b (0.71%) lower at $84.05/b after settling at a fresh seven-year high overnight.   API Crude: +2.318 M Cushing: -3.734 M …

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Morning Tanker FFA Report 27/10/21

News Headlines:   U.S. demand for oil surges, depleting tanks in Oklahoma (Reuters) Crude oil tanks at the Cushing, Oklahoma storage hub are more depleted than they have been in the last three years, and prices of further dated oil contracts suggest they will stay lower for months. U.S. demand for crude among refiners making …

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ENGINE: Americas Bunker Fuel Market Update 27/10/21

Most bunker prices have dipped with Brent across the Americas in the past day, while New York’s fuel oil prices have gained.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in New York ($14/mt), and down in Los Angeles ($12/mt), Balboa ($6/mt), Houston and Zona Comun ($3/mt) LSMGO prices …

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