FIS API Blog
ENGINE: Europe & Africa Bunker Fuel Market Update European and African bunker prices have largely reversed yesterday’s sharp gains by tracking tumbling Brent futures down from multi-year highs. Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($20/mt), Gibraltar ($16/mt) and Rotterdam ($11/mt) LSMGO prices down in Gibraltar ($20/mt), …
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Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Iron ore futures rebounded from earlier losses in the morning session to close the afternoon session on positive note. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 1.02% day-on-day or up RMB 12.50 to RMB 1,244/mt at the close of day trading session on Wednesday. The rebar futures continued to …
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
At 11:48 am Singapore time (0348 GMT), the ICE September Brent futures contract was down 6 cents/b (0.08%) from the previous close at $74.47/b, while the NYMEX August light sweet crude contract was down 2 cents/b (0.03%) at $73.35/b. The Brent marker and the NYMEX light sweet crude market had plummeted 3.41% and 2.38% overnight …
News Headlines: OIL DAYBOOK EUROPE: Shale Rushes to Lock In Price Rally; OPEC+ (Bloomberg) As soon as OPEC+ negotiations fell apart on Monday, stoking fears of a supply squeeze and sending oil prices soaring, U.S. shale executives began hitting the phones. They were securing hedges — locking in prices for the oil they plan to …
Verdict – Short-term neutral. DCE iron ore September rebounded for the fourth trading day, however resisted below the important pivot level at 1253.5, which was a previous high. A rejection on this level for the next few days potentially bring iron ore into a consolidation area. Hourly MACD flattened. Hourly CCI recover and spiked to …
Continue reading “Iron Ore DCE Sep Daily Technical Review 7/7/21”
Market Verdict on Iron Ore： · Iron ore short-run neutral. Macro · The general office of the CPC Central Committee and the general office of the State Council proposed to crack down on illegal securities activities in accordance with the law, strictly investigate the legality of the sources of securities investment funds, and strictly control …
Capesize freight rates dipped lower in the oversupplied market, despite some comeback during the trading session. The Capesize 5 time charter average, then dropped down by $464 day-on-day to $27,309 on Tuesday, due to selling pressure during the session. The Baltic Dry Index (BDI) also slipped by 1.40% day-on-day, down 45 points to 3,179 readings, …
