Category archives: Products

FIS Fuel Oil Morning Report 22/09/21

At 10:30 am Singapore time (0230 GMT), the ICE November Brent futures contract was up 50 cents/b (0.67%) from the previous close at $74.86/b, while the NYMEX November light sweet crude contract was 59 cents/b (0.84%) higher at $71.08/b.   API Crude -6.108M Cushing -1.748M Gasoline -0.432M Distillate -2.720M   Highlighting tight supply as demand …

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Iron Ore DCE Jan Daily Technical Review 22/9/21

Verdict – Short-term bullish. DCE iron ore January contract ended the consecutive losses over the previous eight trading days and created a 10% increase from the opening of the day. Hourly MACD created gold cross. Hourly slow stochastic KD started to push after created gold cross in oversold area. Hourly CCI rebounded from bearish territory …

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Daily Virtual Steel Mill Report 22/9/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         OECD predicted that the global economic increase at 5.7% in the year 2021, G20 growth rate at 6.1%, down 0.1% and 0.2% respectively from the last expectation in May. China growth rate at 8.5% in the year 2021, and 5.8% in the year 2022, unchanged from …

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ENGINE: Americas Bunker Fuel Market Update 21/9/21

Bunker prices are mostly trending downwards in the Americas, and bunkering is expected to resume in Zona Comun with calmer weather tomorrow.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($25/mt), steady in Houston, and down in Zona Comun ($8/mt), New York ($4/mt) and Balboa ($3/mt) …

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FIS Morning Report Tanker FFA 22-09-21

News Headlines: OIL DAYBOOK EUROPE: ConocoPhillips Demand Optimism; OPEC+ Supply (Bloomberg) ConocoPhillips sees oil demand returning to pre-pandemic levels by early next year as crude consumption rises around the world, supporting higher commodity prices, Chief Executive Officer Ryan Lance said. Oil supply, on the other hand, will remain constrained, he said. * OIL FUTURES: Oil …

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