Category archives: Products

Daily Virtual Steel Mill Report 18/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         U.S. Federal officials reached agreement that potentially exit part of monetary ease policy in three months if economy presenting positive signs in future. ·         U.S. Treasury Secretary Yellen said the Biden’s infrastructure and social projects expending bill was the “most important economy projects” …

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Tanker Morning Report 18/08/21

News Headlines:     Oil steadies, Delta outbreaks cloud demand prospects  (Reuters) Oil prices steadied on Wednesday, after four days of declines with investors still wary about prospects for stronger fuel demand as the use of rail, air and other forms of transport remained constrained amid surging COVID-19 cases worldwide.     Prices Could Move …

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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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