FIS API Blog
European and African bunker prices have made sharp losses alongside Brent, and Gibraltar’s VLSFO price continues to be competitive with ARA ports. Changes on the day to 08.00 GMT today: VLSFO prices down in Rotterdam and Durban ($18/mt) and Gibraltar ($16/mt) LSMGO prices down in Gibraltar ($19/mt) and Rotterdam ($18/mt) and steady in Durban …
Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 5/8/21”
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Capesize freight rates continued to recover from improving shipping demand, which lifted market sentiment. The Capesize 5 time charter average, then rose by $459 day-on-day to $35,675 on Wednesday, due to better market confidence. The Baltic Dry Index (BDI) also went up by 1.13% day-on-day, or 37 points to 3,318 readings, due to better freight …
Bunker prices have slumped to two-week lows in major East of Suez ports, as Brent fell below $70/bbl earlier today under pressure from a build in US crude stocks and lockdown measures in China. Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Fujairah ($20/mt), Zhoushan ($18/mt) and Singapore …
Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 5/8/21”
Iron ore futures fell to two-month low on the day session, after a selloff from sluggish steel consumption. The futures of Dalian Commodity Exchange (DCE) for September delivery then slumped by 4.72% day-on-day or down RMB 44 to RMB 888.50/mt, during the day trading session on Thursday. The rebar futures, however moved flatly and inched …
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
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Verdict – Short-term neutral to bearish. DCE iron ore September rolled to January during this week. The big correction with greater volume during a rolling period indicated major investors were slight bearish in the after market of iron ore. Hourly chart candles entered stable over the afternoon session. A hold up on 873.0 level would …
Continue reading “Iron Ore DCE Jan Daily Technical Review 5/8/21”
Market Verdict on Iron Ore： · Iron ore short-run neutral to bearish. Macro · U.S. July Markit service PMI 59.9, est. 59.8, last 59.8. Composite PMI 59.9, last 59.7. · The three departments of China encouraged four kinds of household appliance manufacturers such as TV sets, refrigerators, washing machines and air conditioners to carry out …
Brent crude oil futures rose by 19 cents, or 0.3%, to $70.57 a barrel by 0438 GMT, while U.S. West Texas Intermediate (WTI) crude futures increased by 23 cents, or 0.3%, to $68.38 a barrel. Both benchmarks fell by more than $2 a barrel on Wednesday. EIA week ending 7/30 Crude oil: +3.6M …
