Category archives: Products

ENGINE: East of Suez Bunker Fuel Market Update 19/7/21

East of Suez bunker prices have dropped further from Friday’s levels, as Brent crude values have come under pressure.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($11/mt), Singapore ($8/mt) and Fujairah ($5/mt) LSMGO prices down in Zhoushan ($15/mt), Fujairah and Singapore ($8/mt) HSFO380 prices down in …

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ENGINE: Europe & Africa Bunker Fuel Market Update 19/7/21

19 July 2021 Bunker prices are tracking a 1% Brent price drop down as OPEC+ is set to increase output from August.   Changes on the day to 08.00 GMT today: VLSFO prices down in Gibraltar ($16/mt), Rotterdam and Durban ($6/mt) LSMGO prices down in Rotterdam ($16/mt), Gibraltar ($14/mt) and Durban ($12/mt) HSFO prices down …

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Daily DCE Review 19/7/21

Iron ore futures dipped at the start of the week, after a sluggish trading session with flat steel prices movement and expectation of more production curbs. The futures of Dalian Commodity Exchange (DCE) for September delivery then went down by 1.49% day-on-day or RMB 18.50 to RMB 1,225/mt during the day trading session on Monday. …

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Iron Ore DCE Sep Daily Technical Review 19/7/21

Verdict – Short-term neutral. DCE iron ore September tested low at important support area around 1209.0 and bounced back. Hourly slow stochastic KD potential to create gold cross. Hourly MACD potential to flatten below 0 axis. CCI created a rebound from bearish area. Technical signals were indicating neutral. The first support is 1209.0, the first …

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Daily Virtual Steel Mill Report 19/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         The Ministry of industry and information technology will cooperate with relevant departments to ensure the supply and price stability of bulk commodities, coordinate to deal with the risk of market price fluctuation, and resolutely crack down on hoarding, malicious speculation, and bid up …

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Daily Capesize Review 16/7/21

Capesize freight rates continued to inch downward, despite some improvement seen in the physical market. The Capesize 5 time charter average, then fell by $152 day-on-day to $28,542 on Friday, after much selling pressure during the session. The Baltic Dry Index (BDI) then dropped by 1.11% day-on-day, down 34 points to 3,039 readings, due to …

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