FIS API Blog
Bunker prices have slipped from yearly highs in Europe and Africa, tracking a $2/bbl Brent drop amid renewed global oil demand concerns and profit-taking among investors. Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($17/mt), Gibraltar ($11/mt) and Rotterdam ($8/mt) LSMGO prices up in Gibraltar ($3/mt), and down …
Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 29/09/21”
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Iron ore futures rebounded on the day session, despite market concerns over reduced raw material demand from the ongoing power rationing in China. The futures of Dalian Commodity Exchange (DCE) for January delivery then jumped by 2.13% day-on-day or up RMB 14.50 to RMB 694/mt, during the day trading session on Wednesday. The rebar future …
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
Verdict – Short-term neutral to bullish. DCE iron ore January contract rebounded as expected in last few days. However rejected by 705.5. The lower support of 661.5 was a strong support area. Hourly KD created gold cross. Hourly MACD created gold cross. Hourly CCI approached bullish territory. The next round of aggressive movement needs a …
Continue reading “Iron Ore DCE Jan Daily Technical Review 29/9/21”
Market Verdict on Iron Ore： · Neutral. Macro · According to the China National Bureau of Statistics, from January to August, industrial enterprises above designated size achieved a total profit of 5605.14 billion yuan, a year-on-year increase of 49.5%, an increase of 42.9% over January to August 2019, and an average increase of 19.5% over …
OIL DAYBOOK EUROPE: Libya Wants U.S. Firms to Help Boost Output (Bloomberg) Libya wants U.S. oil companies to return to the war-torn OPEC nation and help it raise output rapidly. “I would like to personally encourage foreign companies, especially those from the U.S., to come back,” Oil Minister Mohamed Oun said in an interview in …
Bunker prices have dipped from yearly highs in several major bunkering locations across the Americas, and strong wind has delayed some bunker deliveries in Zona Comun. Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Balboa ($13/mt), and down in Zona Comun ($10/mt), Houston ($7/mt), Los Angeles ($5/mt) …
Continue reading “ENGINE: Americas Bunker Fuel Market Update 28/09/21”
At 10:30 am Singapore time (0230 GMT), the ICE November Brent futures contract was down 98 cents/b (1.24%) from the previous close at $78.11/b, while the NYMEX November light sweet crude contract was 83 cents/b (1.10%) lower at $74.46/b. In inventory news, the American Petroleum Institute reported late Sept. 28 that US crude supplies …
Capesize freight rates soared to greater heights on better shipping demand amid tight tonnage supply. The Capesize 5 time charter average, then jumped by $5,983 day-on-day to $69,013 on Tuesday, due to bullish market sentiments on higher C3 and C5 fixings. The Baltic Dry Index (BDI) then rose by $245, up 5.19% day-on-day, to $4,962, …
