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Category archives: Products
Capesize & Panamax FFA Daily Report 25/08/21
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Supramax & Handysize FFA Daily Report 25/08/21
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Fuel Oil Daily Evening Report 25/08/21
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London Iron Ore Market Report 25/08/21
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Singapore Iron Ore Derivatives 25/08/21
Iron Ore Market Update Market Commentary Iron ore remained resilient as investors took bets on China not allowing steel demand to collapse while its economic prospects remain uncertain. According to World Steel Association (WSA), China’s steel production dropped by 8.4% year-on-year to 86.8 million metric tonnes in July as China retched up efforts to …
ENGINE: Global Physical Bunker Market Update 25/8/21
Bunker prices are rising for a third day in a row across global bunkering ports, tracking higher Brent crude values. Changes in the day to 08.00 GMT today: VLSFO prices up in Houston ($15/mt), Fujairah ($12/mt), Gibraltar ($11/mt), Singapore ($10/mt) and Rotterdam ($7/mt) LSMGO prices up in Fujairah ($18/mt), Singapore and Gibraltar ($15/mt), Fujairah …
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Morning Steel and Scrap Report 25/8/21
FOB China HRC The index was flat yesterday (24.8.21) at US$910/t, MTD US$923.75/t. People’s Bank of China governor Yi Gang said in a statement that the bank will adjust its credit and loan polices to support small and mid-sized companies. The bank will “increase cash supply modestly to help China’s economy to run …
Daily DCE Review 25/8/21
Iron ore futures extended gains on Wednesday session, improving from previous trading day position, despite mixed market outlook. The futures of Dalian Commodity Exchange (DCE) for September delivery then increased by 1.90% day-on-day or up RMB 15 to RMB 802.50/mt, during the day trading session on Wednesday. The rebar futures also inched up slightly by …
Daily Capesize Review 24/8/21
Capesize freight rates continued its upward momentum, though at slower rate amid tight shipping tonnage with heavy congestion at Chinese ports. The Capesize 5 time charter average, then rose by $764 day-on-day to $51,472 on Tuesday, despite some standoff between the charterers and owners. The Baltic Dry Index (BDI) then hiked up higher at $4,201, …