Category archives: Products

Morning Oil Report 17/9/21

At 10:41 am Singapore time (0241 GMT), the ICE November Brent futures contract was down 16 cents/b (0.21%) from the previous close at $75.51/b, while the NYMEX October light sweet crude contract was 15 cents/b (0.21%) lower at $72.46/b. Demand concerns have resurfaced as China battles a fresh outbreak of COVID-19 cases in southern Fujian …

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ENGINE: Americas Bunker Fuel Market Update 16/9/21

Bunker prices have retreated from seven-week highs in the Americas as Brent runs out of steam. Changes on the day to 09.30 CST (14.30 GMT) today: · VLSFO prices down in Houston ($17/mt), New York and Los Angeles ($12/mt), Balboa and Zona Comun ($11/mt) · LSMGO prices down in Los Angeles ($35/mt), Zona Comun ($21/mt), …

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Iron Ore DCE Jan Daily Technical Review 17/9/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract refreshed listed low during the day with increasing volume. The hourly MACD narrowed in bearish territory. Hourly Slow stochastic KD flattened. Hourly CCI potentially leave oversold area to neutral area. Technical signals indicated and exhaustion on the previous short, however the current trend was …

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Daily Virtual Steel Mill Report 17/9/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         European Central Banks announced that the media misrepresented inflation target and interest rate outlook. According to European Central Bank, Euro zone expected to reach 2% inflation rate target, indicating European central bank potential increase interest rate in the coming two years. ·         China Environment Bureau published …

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Daily Capesize Review 16/9/21

Capesize freight rates slid downward due to market uncertainty and discounted paper curve, with concerns over falling iron prices. The Capesize 5 time charter average, then dropped by $1,100 day-on-day to $52,281 on Thursday, as market participants were more cautious over mixed outlook. The Baltic Dry Index (BDI) then dipped by $18, down 0.43% day-on-day, …

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ENGINE: East of Suez Bunker Fuel Market Update 16/9/21

East of Suez bunker prices have risen to their highest point yet this year after Brent passed the $75/bbl mark, and bunkering has resumed in Shanghai.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($12/mt), Fujairah ($9/mt) and Zhoushan ($4/mt) LSMGO prices up in Fujairah ($5/mt) and …

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ENGINE: Europe & Africa Bunker Fuel Market Update 16/9/21

Bunker prices have reached two-month highs in Rotterdam and Gibraltar, and a bout of rough weather could disrupt bunkering off Skaw.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($10/mt), Rotterdam and Gibraltar ($9/mt) LSMGO prices up in Durban ($13/mt), Gibraltar ($12/mt) and Rotterdam ($7/mt) HSFO prices up in …

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