Category archives: Products

Ferrous trade weekly review 10/9/21

A total of 840,000 mt of iron ores was traded for the week ended Sep 10, amid a series of price correction due to low steel demand. Iron ore prices continued its corrections phrase, despite being at the traditional peak construction season. However, iron ore demand failed to gain tractions due to the extending steel …

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ENGINE: Europe & Africa Bunker Fuel Market Update 10/9/21

Bunker prices are mostly rangebound amid steady Brent values in the past day, and bunkering remains suspended in Algoa Bay.   Changes on the day to 08.00 GMT today: VLSFO prices up in Gibraltar ($5/mt), and down in Rotterdam ($9/mt) and Durban ($2/mt) LSMGO prices down in Rotterdam ($5/mt), Durban ($3/mt) and Gibraltar ($1/mt) HSFO …

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Daily DCE Review 10/9/21

Iron ore futures opened high at the starting session, but the upward momentum then reversed into losses at the close. The futures of Dalian Commodity Exchange (DCE) for January delivery then inched down by 0.27% day-on-day or down RMB 2 to RMB 732.50/mt, during the morning trading session on Friday. The rebar future however, rose …

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FIS Morning Report Tanker FFA 10-09-21

News Headlines: OIL DAYBOOK EUROPE: China Confirms Sale of Reserves; Ida Impact (Bloomberg) China made an unprecedented intervention in the global oil market, releasing crude from its strategic reserve for the first time with the explicit aim of lowering prices. The announcement comes amid surging energy costs in China, not just for oil but also …

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

Bunker fuel prices in the Americas have moved in different directions for a second day, without a clear direction from Brent.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($21/mt), Houston ($12/mt) and Zona Comun ($2/mt), and down in Balboa ($10/mt) and New York ($5/mt) LSMGO …

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