FIS Singapore Iron Ore Derivatives Report 14/10/21

Physical Trades Platform Corex traded 75,000 mt PBF + 85,000 mt PB lump at Platts Oct Index + $1/ + $1.5/mt for Oct 24 – Nov 2 loading. GO traded 80,000 mt Mac fines Fe 62% at $116.30/mt for Nov 6-15 loading. Corex traded 90,000 mt Yandi fines Fe 56.7% at AM[2021-11-01,2021-11-30],62%,-$21.80/mt for Nov 6-15 …

ENGINE: Global Physical Bunker Market Update 14/10/21

Global bunker prices have moved in mixed directions across ports today, as Brent values have inched up by 1%. Changes in the day to 08.00 GMT today:   VLSFO prices down in Gibraltar ($6/mt), Houston ($3/mt), Rotterdam ($2/mt) and up Fujairah ($6/mt) and Singapore ($5/mt) LSMGO prices down in Gibraltar ($4/mt), Houston ($2/mt), Singapore ($1/mt) …

Daily DCE Review 14/10/21

Iron ore futures continued to decline amid bearish market sentiments on power rationing that limited steel output and raw materials demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.90% day-on-day or down RMB 22 to RMB 736/mt, during the day trading session on Thursday. The rebar futures also dipped …

Daily Capesize Review 13/10/21

Capesize freight rates continued to decline on bearish market sentiments upon market uncertainty over demand. The Capesize 5 time charter average, then slid by $4,995 day-on-day to $74,540 on Wednesday, following an extended selloff session. The Baltic Dry Index (BDI) also dropped by $172, down 3.20% day-on-day, to $5,206, due to weakening freight rates.   …