Daily DCE Review 6/7/21

Iron ore futures rose for the second consecutive trading day, following the upticks in steel prices and lower iron ore shipments. The futures of Dalian Commodity Exchange (DCE) for September delivery then rose by 2.84% day-on-day or up RMB 34 to RMB 1,231/mt at the close of day trading session on Tuesday. The rebar futures …

Daily Capesize Review 5/7/21

Capesize freight rates continued to lose ground on thin trading activities amid sluggish shipping demand. The Capesize 5 time charter average, then plunged down by $1,333 day-on-day to $27,773 on Monday, after selloff session. The Baltic Dry Index (BDI) also dropped by 1.86% day-on-day, down 61 points to 3,224 readings, due to the weakening freight …

FIS Fuel Oil Morning Report 06/07/2021

At 11:16 am Singapore time (0316 GMT), the ICE September Brent futures contract was up 25 cents/b (0.32%) from the previous close at $77.41/b, while the NYMEX August light sweet crude contract was up 30 cents/b (4%) at $76.64/b. The ICE Brent marker had settled 1.30% higher July 5 at $77.16/b, the highest on record …

FIS Morning Report Tanker FFA 06-07-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ in Crisis as Members Abandon Meeting (Bloomberg) OPEC+ was plunged into a crisis as a worsening fight between Saudi Arabia and the United Arab Emirates blocked an oil-supply increase. What happens next will determine whether the breakdown of talks– which sent Brent crude climbing toward $80 a barrel — …

ENGINE – Americas Bunker Fuel Market Update 5/7/21

ENGINE: Americas Market Update   Most bunker prices have come up with Brent in the Americas, while New York’s prices have run counter to broader market movements by dropping since Friday.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Zona Comun ($12/mt), Balboa ($8/mt), Houston ($5/mt) and Los …