Category archives: Products

ENGINE: East of Suez Bunker Fuel Market Update 8/9/21

East of Suez bunker prices are mostly up on the day, and Fujairah’s fuel oil stocks have grown amid weaker demand.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah and Zhoushan ($5/mt) and Singapore ($1/mt) LSMGO prices up in Fujairah and Zhoushan ($34/mt), and down in Singapore …

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Daily DCE Review 8/9/21

Iron ore futures managed to eke out a gain by the end of Wednesday day session, after a choppy market under selling pressure. The futures of Dalian Commodity Exchange (DCE) then inched up by 0.07% day-on-day or RMB 0.50 to RMB 747/mt, after a late rally to rebound from losses, during the day trading session …

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FIS Morning Report Tanker FFA 08-09-21

News Headlines: OIL DAYBOOK EUROPE: Iran Signals No Let Up to Atomic Escalation (Bloomberg) Iran’s new government continued to dramatically increase production of highly-enriched uranium while failing to resume full cooperation with international monitors, signaling a new round of escalation awaits officials when they convene this month to discuss the country’s atomic program. * OIL …

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Daily Capesize Review 7/9/21

Capesize freight rates slid downward on lower bookings, despite active fixtures as freight market headed for more corrections. The Capesize 5 time charter average, then dropped by $2,245 day-on-day to $42,220 on Tuesday, after a volatile market. The Baltic Dry Index (BDI) then fell by $115, down 3.01% day-on-day, to $3,707, due to softening freight …

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Iron Ore DCE Jan Daily Technical Review 8/9/21

Verdict – Short-term neutral. DCE iron ore January contract tested low and recover most of losses during the day. Iron ore expected to decrease volatile range int the coming two days with decreasing volume. Hourly slow stochastic KD deepened correction after creating a dead cross below overbought area. Hourly CCI slowly corrected. Technical signals were …

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Daily Virtual Steel Mill Report 8/9/21

Market Verdict on Iron Ore： ·         Neutral to bearish. Macro ·         China Monetary Department official Sun Guofei said monetary supply was sufficient in the following months. There should be small chances to experience liquidity risk in the market. ·         U.K. Central Committee(MPC) Sanders indicated U.K. central bank potential to increase interest rate in next year. …

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FIS Fuel Oil Morning Report 08/09/21

At 10:40 am Singapore time (0240 GMT), ICE November Brent futures were 2 cents/b (0.03%) higher at $71.71/b while the NYMEX October WTI contract was up 14 cents/b (0.20%) at $68.49/b.   Chinese crude imports in August rose 8% on the month to 10.53 million b/d, or 44.53 million mt, according to General Administration of …

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