ENGINE: Americas Bunker Fuel Market Update 29/10/21

Americas bunker prices have declined further in several key locations, as Brent sheds $1/bbl in the wake of a big US crude inventory build.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($3/mt), and down in Houston ($21/mt), New York and Balboa ($14/mt) and Zona Comun …

Daily Capesize Review 28/10/21

Capesize freight rates came under pressures from sluggish demand, with market concerns over softening iron ore and coal prices. The Capesize 5 time charter average, then fell by $2,371 day-on-day to $37,669 on Thursday, following a series of corrections. The Baltic Dry Index (BDI) extended losses and dropped by $178, down 4.67% day-on-day, to $3,630, …

ENGINE: East of Suez Bunker Fuel Market Update 28/10/21

Bunker prices have dropped on the day across East of Suez ports, dragged down by lower Brent values after a sizeable US crude inventory build.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Fujairah ($10/mt) and Singapore ($7/mt) LSMGO prices down in Singapore ($15/mt), Zhoushan ($13/mt) and Fujairah …

ENGINE: Europe & Africa Bunker Fuel Market Update 28/10/21

European and African bunker prices have come further down with Brent after a sizeable US crude inventory build.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($12/mt), Gibraltar ($11/mt) and Rotterdam ($10/mt) LSMGO prices down in Durban ($15/mt), Gibraltar ($14/mt) and Rotterdam ($6/mt) HSFO prices steady in Durban, and …

Daily DCE Review 28/10/21

Iron ore futures continued to move downtrend on lower steel, despite a late rally at the afternoon session to regain some lose grounds. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.36% day-on-day or down RMB 16.50 to RMB 683.50/mt, during the day trading session on Thursday. The rebar futures …