Category archives: Products

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 …

Continue reading “Daily Virtual Steel Mill Report 17/9/21”

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, …

Continue reading “Daily Capesize Review 16/9/21”

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 …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 16/9/21”

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 …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 16/9/21”

Iron Ore DCE Jan Daily Technical Review 16/9/21

Verdict – Short-term neutral to bearish. DCE iron ore January contract created a listed low during the day, however recovered some loss during the last trading hour. Hourly CCI left bearish territory. Hourly MACD potentially narrow. Hourly slow stochastic KD created gold cross in oversold area. Technical signals were indicating an oversold rebound, however in …

Continue reading “Iron Ore DCE Jan Daily Technical Review 16/9/21”