FIS Singapore Iron Ore Derivatives Report 02/09/21

Iron Ore Market Update Market Commentary   Iron ore futures extended its slide below $140 as Beijing rolled out its production cuts plan further. Some steel mills in Guangxi and Sichuan province are ordered to stop operations by environmental inspections authority, according to Mysteel reports Guangxi as another major steel making region has ordered its …

ENGINE: East of Suez Bunker Fuel Market Update 2/9/21

East of Suez bunker prices are mostly up on the day, while some ports have seen small losses amid a dip for Brent.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($3/mt), Zhoushan ($2/mt), and down in Fujairah ($1/mt) LSMGO prices up in Singapore and Zhoushan ($5/mt), …

ENGINE: Europe & Africa Bunker Fuel Market Update 2/9/21

Bunker prices have mostly been rangebound in European bunkering hubs the past day, and HSFO380 remains tight in several northern European ports.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($25/mt), Rotterdam and Gibraltar ($1/mt) LSMGO prices up in Durban ($35/mt) and Rotterdam ($5/mt), and steady in Gibraltar HSFO …

Daily DCE Review 2/9/21

Iron ore futures inched down slightly on Thursday, after a sharp fall yesterday, as market braced for more steel output cuts during the peak steel demand season. The futures of Dalian Commodity Exchange (DCE) then inched down by 0.58% day-on-day or RMB 4.50 to RMB 773.50/mt during the day trading session on Thursday. The rebar …

Daily Capesize Review 1/9/21

Capesize freight rates continued its downward trajectory, with both basins came under selling pressures as tonnages began to return. The Capesize 5 time charter average, then fell further by $2,102 day-on-day to $46,987 on Wednesday, after much selling pressures. The Baltic Dry Index (BDI) followed the decline and dropped by $119, down 2.88% day-on-day, to …