Category archives: Products

FIS Singapore Iron Ore Derivatives Report 03/09/2021

Market Commentary Iron ore futures rebounded on Friday from its three days fall as investors assessed the construction activities will improve in the coming weeks thus the optimistic market sentiment, despite government strengthened up to curb steel production and pollution. Meanwhile, over 20 Chinese steel mills have issued maintenance plans in September according to Beijing …

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ENGINE: East of Suez Bunker Fuel Market Update 3/9/21

Bunker prices are rising today across East of Suez ports as Brent has gained 2% in the past day.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah ($11/mt), Zhoushan and Singapore ($10/mt) LSMGO prices up in Fujairah ($14/mt), Zhoushan ($13/mt) and Singapore ($12/mt) HSFO380 prices up in …

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ENGINE: Europe & Africa Bunker Fuel Market Update 3/9/21

Most European and African bunker prices have made significant gains with support from a 2% Brent rise in the past day.   Changes on the day to 08.00 GMT today: VLSFO prices up in Gibraltar ($16/mt) and Rotterdam ($10/mt), and down in Durban ($7/mt) LSMGO prices up in Gibraltar ($14/mt), Durban ($13/mt) and Rotterdam ($12/mt) …

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Daily DCE Review 3/9/21

Iron ore futures rebounded from previous slump on Friday day session, despite market sentiments were dampened by stringent output cuts. The futures of Dalian Commodity Exchange (DCE) then rose by 1.42% day-on-day or RMB 11 to RMB 786/mt, during the day trading session on Friday. The rebar futures also went up by 2.37% day-on-day or …

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Daily Capesize Review 2/9/21

Capesize freight rates rebounded from previous slump, as tonnage list was shortened with better shipping demand. The Capesize 5 time charter average, then rose by $420 day-on-day to $47,407 on Thursday, as market sentiments improved. The Baltic Dry Index (BDI) however, dropped by $12, down 0.30% day-on-day, to $4,001, due to softening freight rates.   …

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Fuel Oil Morning Report 03/09/21

At 12:19 pm Singapore time (0419 GMT), the ICE November Brent futures contract was down 1 cent/b (0.01%) from the previous close at $73.02/b while the NYMEX October light sweet crude contract was down 14 cents/b (0.2%) at $69.85/b.   The latest Energy Information Administration data released late Sept. 2 showed that US crude inventories …

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