Category archives: Products

ENGINE: East of Suez Bunker Fuel Market Update 28/09/21

East of Suez bunker prices are moving in different directions today, with some rising with Brent trading at three-year highs of more than $80/bbl.     Changes on the day to 16.00 SGT (08.00 GMT) today:   VLSFO prices up in Zhoushan ($4/mt), down in Fujairah ($9/mt) and Singapore ($4/mt) LSMGO prices up in Singapore …

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FIS Singapore Iron Ore Derivatives Report 28/09/21

Market Commentary Iron ore futures slumped to near-$110 as China’s power crisis intensifies, dampening the consumption outlook for the raw material. China’s industrial sector is facing a power crunch that limits operations of steel works. According to Mysteel, over 80 steel mills in September suspended production for maintenance as some northern provinces have imposed power …

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Daily Capesize Review 27/9/21

Capesize freight rates rebounded on better restocking demands amid tight tonnage supply and port congestion among Chinese ports. The Capesize 5 time charter average, then went up by $1,724 day-on-day to $63,030 on Monday, challenging for new heights amid bullish sentiment. The Baltic Dry Index (BDI) then rose by $73, up 1.57% day-on-day, to $4,717, …

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ENGINE: Europe & Africa Bunker Fuel Market Update 28/09/21

European and African bunker prices have been rangebound in the past day, slowing their rise after rallying to multi-month highs on the back of Brent pushing above $80/bbl.   Changes on the day to 08.00 GMT today:   VLSFO prices up in Gibraltar ($2/mt), and down in Durban ($7/mt) and Rotterdam ($1/mt) LSMGO prices up …

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Daily DCE Review 28/9/21

Iron ore futures dipped from recent rally, as market concerns over power conservation policy grew larger, which reduced raw materials demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then dropped by 2.93% day-on-day or down RMB 20.50 to RMB 678/mt, during the day trading session on Tuesday. The rebar future however, hiked …

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ENGINE: Americas Bunker Fuel Market Update 27/09/21

Bunker prices have rallied to multi-month highs in several ports in the Americas, propelled by Brent futures trading close to $80/bbl for the first time in three years.   Changes on the day since Friday, to 09.30 CST (14.30 GMT) today:     VLSFO prices up in New York ($16/mt), Houston ($10/mt), Los Angeles ($8/mt) …

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