Daily Virtual Steel Mill Report 20/10/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         China central bank PBOC held a housing and financial market conference to guide major banks managing the housing related finance and maintain a stable and healthy housing market. Evergrande default risk and spillover was in general controllable. ·         China National Bureau of Statistics: Q3 GDP up …

ENGINE: Americas Bunker Fuel Market Update 19/10/21

Bunker fuel prices have mostly come down with Brent across the Americas, and availability remains tight in Panamanian and several South American ports.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($28/mt) and Houston ($3/mt), and down in New York ($7/mt), Zona Comun ($6/mt) and Balboa …

Capesize Technical Report (Are Resistance Levels About To Be Tested?)

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FIS Singapore Iron Ore Derivatives Report 19/10/21

Market Commentary Iron Ore futures ticked up on Tuesday despite the weaker demand outlook. Iron ore port inventories up for the second week after golden week since Tangshan port evacuation was impacted by environment protection. China Iron ore port congestion remained severe, the latest port data from Mysteel said a yearly high figures of 204 …