ENGINE: Europe & Africa Bunker Fuel Market Update 20/10/21

Bunker prices have declined for a second day in Europe and Africa, and outer anchorage bunkering in Las Palmas could be disrupted by another bout of rough weather.   Changes on the day to 08.00 GMT today: VLSFO prices down in Gibraltar ($8/mt), Rotterdam ($5/mt) and Durban ($3/mt) LSMGO prices steady in Durban, and down …

Oil and Ore Intraday Morning Technical 20/10/21

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Daily Capesize Review 19/10/21

Capesize freight rates dipped on persisted weakness, though there was some steady shipping demand in physical market. The Capesize 5 time charter average, then fell by $1,071 day-on-day to $59,955 on Tuesday, following a series of corrections. The Baltic Dry Index (BDI) extended losses and dropped slightly by $18, down 0.38% day-on-day, to $4,714, due …

Daily DCE Review 20/10/21

Iron ore futures saw slight gains, amid bearish market outlooks on reduced steel output and slow economic activities. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched up slightly by 0.50% day-on-day or up RMB 3.50 to RMB 710/mt, during the day trading session on Wednesday. The rebar futures however, dropped by …

FIS Morning Report Tanker FFA 20 -10-21

News Headlines: OIL DAYBOOK EUROPE: China Set for Pick-Up in Buying; EIA Data (Bloomberg) China’s independent refiners, known as teapots, are set for crude-buying splurge as they seek to use import quotas before they expire. * OIL FUTURES: Oil Slips From High as Report Shows Stockpiles Up China’s Crude Imports From Oman, Malaysia Climb; Russia …

Iron Ore DCE Jan Daily Technical Review 20/10/21

Verdict – Short-term neutral. DCE iron ore January contract tested high at 733.5 again and rejected. Iron ore overall became slight higher than previous trading day. Hourly MACD and slow stochastic both flattened. Hourly CCI entered bullish territory. Technical signals were indicating the price movement were slow and stable currently. The first support is 698.0, …