FIS API Blog
European and African bunker prices have slumped with Brent amid signals of more US supply to the market. Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($33/mt), Rotterdam ($25/mt) and Gibraltar ($20/mt) LSMGO prices down in Gibraltar ($28/mt), Durban ($25/mt) and Rotterdam ($23/mt) HSFO prices down in Rotterdam ($19/mt) …
Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 11/11/21”
Capesize freight rates recovered further due to better shipping demand in the Pacific market, despite lengthy ballast list in the Atlantic basin. The Capesize 5 time charter average, then rose by $1,624 day-on-day to $32,099 on Wednesday, despite a choppy session. The Baltic Dry Index (BDI) then rose by $56, up by 2% day-on-day, to …
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Iron ore futures rebounded from recent losses, which previously brought the index to a one year low this week, due to the off-peak steel demand season. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 6.84% day-on-day or up RMB 36.50 to RMB 570.50/mt, during the day trading session on Thursday. …
At 11 am Singapore time (0300 GMT), the ICE January Brent futures contract was up 12 cents/b (0.15%) from the previous close at $82.76/b, while the NYMEX December light sweet crude contract rose 13 cents/b (0.16%) at $81.47/b. EIA week ending 11/5 Crude oil: +1.0M Gasoline: -1.6M Distillates: -2.6M Refiner utilz: 86.7% Impld mogas …
News Headlines: Oil prices steady after falling on signs U.S. may release more reserves (Reuters) Oil prices were steady on Thursday after falling in the previous session on concerns rising inflation in the United States, spurred by climbing energy costs, may prompt the government to release more strategic crude stockpiles to drive down prices. …
Verdict – Short-term neutral to bullish. DCE iron ore Jan22 created the biggest single day increase since August 24th, and following with higher highs and higher lows. Daily slow stochastic KD created gold cross in oversold area. Daily CCI entered neutral area from bearish territory. Hourly MACD widened above 0 axis. Hourly CCI entered bullish …
Continue reading “Iron Ore DCE Jan Daily Technical Review 11/11/21”
Market Verdict on Iron Ore： · Neutral to bullish. Macro · China Evergrande paid interests to bondholders of debts expiring in the year 2022, 2023 and 2024 totaled 148 million U.S. dollars. · U.S. president Biden indicated control inflation was the most important thing, energy cost increase caused price increase. Biden also required Federal Trade …
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 (KS): +1-203-979-7023
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 (KS): +1-203-979-7023
