Category archives: Products

ENGINE: East of Suez Bunker Fuel Market Update 22/9/21

Bunker prices have risen with Brent across East of Suez ports, and Zhoushan continues to price VLSFO slightly lower than other regional bunkering hubs.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah ($5/mt), Zhoushan and Singapore ($3/mt) LSMGO prices up in Zhoushan ($19/mt), Fujairah and Singapore ($4/mt) …

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FIS Singapore Iron Ore Derivatives Report 22/09/21

Market Commentary Iron ore futures rebounded above $100 due to low rebar inventories. Rebar stocks across commercial warehouses in China have been on a decline for the last two months while production also fell in the last two weeks. According to Steelbank, construction steels inventories were down 4.05% from a week ago to 7.26 million …

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ENGINE: Europe & Africa Bunker Fuel Market Update 22/9/21

European and African bunker prices have made fresh gains on the back of an uptick in crude values, and congestion has built amid rough weather in Gibraltar Strait ports.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($7/mt), Rotterdam and Gibraltar ($3/mt) LSMGO prices up in Rotterdam ($7/mt), Gibraltar …

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Daily DCE Review 22/9/21

Iron ore futures rallied at the day session, as trade participants returned from the long public holidays in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 3.72% day-on-day or up RMB 24 to RMB 668.50/mt, during the day trading session on Wednesday. The rebar future also jumped up by …

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Daily Capesize Review 21/9/21

Capesize freight rates continued to rise by the firm Pacific basin, despite market uncertainty over the Chinese property sector. The Capesize 5 time charter average, then rose by $2,474 day-on-day to $56,269 on Tuesday, despite the absence of some Chinese trade participants on holiday celebrations. The Baltic Dry Index (BDI) then jumped by $106, up …

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FIS Fuel Oil Morning Report 22/09/21

At 10:30 am Singapore time (0230 GMT), the ICE November Brent futures contract was up 50 cents/b (0.67%) from the previous close at $74.86/b, while the NYMEX November light sweet crude contract was 59 cents/b (0.84%) higher at $71.08/b.   API Crude -6.108M Cushing -1.748M Gasoline -0.432M Distillate -2.720M   Highlighting tight supply as demand …

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