Category archives: Products

Iron Ore DCE Jan Daily Technical Review 10/11/21

Verdict – Short-term neutral. DCE iron ore Jan22 refreshed listed low, however recovered half of losses during Asian afternoon following the rebound of equity market. Hourly MACD narrowed below 0 axis. Hourly slow stochastic KD created gold cross near the boundary of oversold area. Hourly CCI left bearish territory fast. Short-run technical were indicating a …

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Daily Virtual Steel Mill Report 10/11/21

Market Verdict on Iron Ore： ·         Neutral to bearish. Macro ·         China October CPI up 1.5% y-o-y, est. 1.3%, last 0.7%. China October PPI 13.5% y-o-y, est. 12%, last 107% y-o-y. U.S. PPI up 8.6% y-o-y, a ten-year-high. ·         U.S. ADP statistics indicated jobs increased 571,000 in October, est. 400,000, which created the highest since …

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ENGINE: Americas Bunker Fuel Market Update 9/11/21

Americas bunker prices have traded higher with Brent, and Houston’s prices have gained against several other key ports.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Houston ($27/mt), Los Angeles ($16/mt), Zona Comun ($11/mt), New York ($7/mt) and Balboa ($5/mt) LSMGO prices up in Houston ($32/mt), New York …

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ENGINE: East of Suez Bunker Fuel Market Update 9/11/21

East of Suez fuel prices are mostly down with Brent crude, and bunkering has resumed with calmer weather conditions in Shanghai.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($13/mt), Fujairah ($2/mt) and Singapore ($1/mt) LSMGO prices down in Zhoushan ($22/mt), Fujairah ($20/mt) and Singapore ($2/mt) HSFO380 …

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ENGINE: Europe & Africa Bunker Fuel Market Update 9/11/21

European and African bunker prices are mostly rangebound amid steady Brent levels, and the upward pressure on Gibraltar’s VLSFO price could have eased after recent supply disruptions.   Changes on the day to 08.00 GMT today: VLSFO prices up in Rotterdam ($7/mt) and Durban ($4/mt), and down in Gibraltar ($5/mt) LSMGO prices up in Durban …

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Tanker FFA Morning Report 9/11/21

News Headlines:   Oil steady amid rosier outlook for global economy, fuel demand (Reuters) Oil prices were steady on Tuesday after two straight sessions of gains as the passage of a U.S. infrastructure bill, strong Chinese exports and the global post-pandemic recovery lifted the outlook for fuel demand. Brent crude was down 2 cents at …

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