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Category archives: Products
Singapore Iron Ore Derivatives Report 17/08/2021
Iron Ore Market Update Market Commentary Iron ore futures slid below $160 on Tuesday on ongoing concerns over steel demand despite an uptick in restocking activities. While Beijing’s efforts to rein in its dirtiest steel sector, China’s total production over the first seven months of the year remained 8% higher than last year’s level, …
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ENGINE: Global Bunker Fuel Market Update 17/08/21
ENGINE: Global Market Update Global bunker prices are moving in mixed directions today, while Brent prices have dropped further on the day. Changes in the day to 08.00 GMT today: VLSFO prices down in Singapore and Gibraltar ($1/mt), up in Fujairah ($1/mt), Rotterdam ($3/mt) and Houston ($7/mt) LSMGO prices down …
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Daily DCE Review 17/8/21
Iron ore futures dipped at the session close, due to weak market outlook and extension of production cuts to other Chinese regions. The futures of Dalian Commodity Exchange (DCE) for September delivery then fell by 1.59% day-on-day or down RMB 13.50 to RMB 834/mt, during the day trading session on Tuesday. The rebar futures, also …
Daily Capesize Review 16/8/21
Capesize freight rates continued to ride on upward momentum with better market optimism for shipping demand, amid tight tonnage. The Capesize 5 time charter average, then rose by $711 day-on-day to $40,237 on Monday, due improving freight rates. The Baltic Dry Index (BDI) also hiked up further at record levels to $3,606, up 1.12% day-on-day, …
Morning Steel and Scrap Report 17/08/21
FOB China HRC The index rose by $3/t yesterday (16.8.21) to US$931/t, MTD US$928.70/t. China’s industrial production rose by 6.4pc in July from a year earlier, but slower than the 8.3pc gain in June, according to the national statistics bureau. Real estate data showed growth from both 2020 and 2019, but at …
Morning Fuel Oil Report 17/08/21
Morning Oil Report At 11:20 am Singapore time (0320 GMT), the October ICE Brent futures contract was up 4 cents/b (0.06%) from the previous close at $69.55/b, while the NYMEX September light sweet crude contract was 8 cents/b (0.12%) higher at $67.37/b. Despite the global resurgence of COVID-19, Wall Street investment banks are …
Fertilizer Market Report 16/08/21
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Tanker Morning Report 16/08/21
News Headlines: Oil prices pare earlier gains amid worries over COVID case spike (Reuters) Oil prices were mixed on Tuesday, paring earlier gains, as expectations that major producers will not boost supply any time soon were offset by worries over slowing global fuel demand amid a spike in the Delta variant of …
Morning Steel and Scrap Report 16/08/21
(ARGUS) FOB China HRC – The index was unchanged last Friday (13.8.21) at US$928/t, MTD US$928.44/t. China’s iron and steel association Cisa was heard to collect suggestions from some Chinese mills on the country’s 2022 import and export tax adjustments before 17 August, participants said. They were unclear whether it means China may …