Category archives: Products

ENGINE: Europe & Africa Bunker Fuel Market Update 28/10/21

European and African bunker prices have come further down with Brent after a sizeable US crude inventory build.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($12/mt), Gibraltar ($11/mt) and Rotterdam ($10/mt) LSMGO prices down in Durban ($15/mt), Gibraltar ($14/mt) and Rotterdam ($6/mt) HSFO prices steady in Durban, and …

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Daily DCE Review 28/10/21

Iron ore futures continued to move downtrend on lower steel, despite a late rally at the afternoon session to regain some lose grounds. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.36% day-on-day or down RMB 16.50 to RMB 683.50/mt, during the day trading session on Thursday. The rebar futures …

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Iron Ore DCE Jan Daily Technical Review 28/10/21

Verdict – Short-term neutral. DCE iron ore January contract tested low in Asian morning however recover most of losses during this afternoon. The contract created a monthly low. However the quick rebound on the low indicated iron ore was not ready to test low in following sessions. Hourly KD created gold cross. Hourly CCI went …

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Daily Virtual Steel Mill Report 28/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China PM Liu He had a video conference with U.S. Treasury Secretary Yellen. The conference revealed the expectation on tax exemption. ·         China state council issued details on emission peak. At the year 2030, China non-fossil energy expecting to reach 25% of whole energy usage. ·         …

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Oil Morning Report 28/10/21

At 10:09 am Singapore time (0209 GMT), the ICE December Brent futures contract was down $2.08/b (2.46%) from the previous close at $82.50/b, while the NYMEX December light sweet crude contract fell $1.80/b (2.18%) to $80.86/b.   EIA weekly data Crude stocks +4.268M Gasoline stocks -1.993M Distillate stocks -0.432M Cushing stocks -3.899M   Crude oil …

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ENGINE: Americas Bunker Fuel Market Update 27/10/21

Bunker prices have mostly tracked declining Brent values across the Americas, and LSMGO stems have been offered in a wide range in Los Angeles.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices steady in Balboa, and down in Los Angeles ($5/mt), Houston ($4/mt) and New York and Zona Comun ($1/mt) …

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Morning Tanker FFA Report 28/10/21

News Headlines:   Investors on board as U.S. oil majors dismiss wind and solar projects (Reuters) HOUSTON/BOSTON, Oct 27 (Reuters) – Top U.S. oil firms are doubling down on drilling, deepening a divide with European rivals on the outlook for renewables, and winning support from big investors who do not expect the stateside companies to …

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