Category archives: Products

Daily Virtual Steel Mill Report 29/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China CCTV news: U.S. trade representative Katherine Tai seek to ease trade relations with China in a U.S. poultry conference. ·         U.S. Q3 GDP up 2% y-o-y, Q2 up 6.7%. The slowing down on GDP growth rate was far beyond expectation. Iron Ore Key Indicators: ·         …

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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 …

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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, …

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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 …

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