Category archives: Products

ENGINE: East of Suez Bunker Fuel Market Update 18/10/21

East of Suez bunker prices have increased from Friday’s levels, as Brent has gained more than $1/bbl.   Changes on the day from Friday, to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Zhoushan ($10/mt), Fujairah ($5/mt) and Singapore ($2/mt) LSMGO prices up in Singapore ($9/mt) and Zhoushan ($4/mt), and steady in Fujairah HSFO380 …

Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 18/10/21”

ENGINE: Europe & Africa Bunker Fuel Market Update 18/10/21

Bunker prices have reached fresh multi-month highs on the back of Brent’s rally, and rough weather could disrupt anchorage bunkering in the Gibraltar Strait tomorrow.   Changes on the day from Friday, to 08.00 GMT today: VLSFO prices up in Rotterdam ($4/mt), Gibraltar and Durban ($1/mt) LSMGO prices up in Rotterdam ($11/mt) and Durban ($2/mt), …

Continue reading “ENGINE: Europe & Africa Bunker Fuel Market Update 18/10/21”

Iron Ore DCE Jan Daily Technical Review 18/10/21

Verdict – Short-term neutral. DCE iron ore January contract tested monthly low and recover fast to neutral area. If a new breakdown on the low of 686.0, iron ore potentially return to bear market in mid-run. Hourly iron ore was stuck in a correction phase because the highs of the descending tunnel were becoming lower. …

Continue reading “Iron Ore DCE Jan Daily Technical Review 18/10/21”

Daily Virtual Steel Mill Report 18/10/21

Market Verdict on Iron Ore： ·         Neutral. Macro ·         China central bank PBOC held a housing and financial market conference to guide major banks managing the housing related finance and maintain a stable and healthy housing market. Evergrande default risk and spillover was in general controllable. ·         China National Bureau of Statistics: Q3 GDP up …

Continue reading “Daily Virtual Steel Mill Report 18/10/21”

Daily DCE Review 18/10/21

Iron ore futures extended losses on poor China economic data, which showed a slowdown in industrial activities, due to power crunch. The futures of Dalian Commodity Exchange (DCE) for January delivery then fell by 2.27% day-on-day or down RMB 16.50 to RMB 711/mt, during the day trading session on Monday. The rebar futures also inched …

Continue reading “Daily DCE Review 18/10/21”

Morning Tanker FFA Report 18/10/21

News Headlines: OIL DAYBOOK EUROPE: Indian Diesel Demand Climbs; OPEC Compliance India’s diesel consumption is gathering pace with the onset of annual festivals, boosting sales to pre- pandemic levels in the first half of October in a sign that the economy is bouncing back. * OIL FUTURES: Oil Extends Gain After Eighth Weekly Advance on …

Continue reading “Morning Tanker FFA Report 18/10/21”