Category archives: Products

ENGINE: East of Suez Bunker Fuel Market Update 24/11/21

East of Suez bunker prices have jumped with Brent, and LSMGO and HSFO380 availability has tightened in Zhoushan.   Changes on the day to 16.00 SGT (08.00 GMT) VLSFO prices up Fujairah ($29/mt), Singapore ($23/mt) and Zhoushan ($22/mt) LSMGO prices up in Zhoushan ($24/mt), Fujairah ($22/mt) and Singapore ($21/mt) HSFO380 prices up in Fujairah ($21/mt), …

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Daily Capesize Review 23/11/21

Capesize freight rates continued to rally on better shipping demand and higher commodity prices, though some trade participants deemed the rally as short-lived due to coming holidays. The Capesize 5 time charter average, then grew by $1,421 day-on-day to $33,631 on Tuesday, as the paper market turned bullish after a positive start at the week. …

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Iron Ore DCE Jan Daily Technical Review 24/11/21

Verdict – Short-term bullish. DCE iron ore Jan22 maintained strong rebound during the day. Iron ore aggregated open interest decreased by 12.43%, this decrease was majorly caused by a taking gains from previous short-positions. Hourly CCI maintained in bullish territory. Hourly slow stochastic KD maintained in bullish territory. Short-run technical were indicating a bullish in …

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Daily Virtual Steel Mill Report 24/11/21

Market Verdict on Iron Ore： ·         Neutral to bullish. Macro ·         U.S. white house announced that the energy department will release 5,000 barrels of crude oil from Special Petroleum Reserve to resist oil price and resolve the supply disruption caused by pandemic. Iron Ore Key Indicators: ·          Platts 62%: $99.45 (+4.75) MTD $93.38. SGX and …

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