Category archives: Products

ENGINE: Europe & Africa Bunker Fuel Market Update 14/7/21

Bunker prices continue to rise across European and African ports, and supply in South African has come under pressure from mass violence and heavy unrest.   Changes on the day to 08.00 GMT today: VLSFO prices up in Rotterdam ($10/mt), Durban ($8/mt) and Gibraltar ($6/mt) LSMGO prices up in Rotterdam ($10/mt), Durban ($6/mt) and Gibraltar …

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ENGINE: East of Suez Bunker Fuel Market Update 14/7/21

East of Suez bunker prices are mostly up on the day, tracking rising Brent values for another day.   Changes on the day to 16.00 SGT (08.00 GMT) today:  VLSFO prices up in Singapore ($6/mt), Fujairah ($5/mt) and steady in Zhoushan LSMGO prices up in Singapore ($5/mt), steady in Fujairah, and down in Zhoushan HSFO380 …

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Daily DCE Review 14/7/21

Iron ore futures moved flattish on Wednesday, after a slump at previous night market and closed for a slight gain at the afternoon trading session. The futures of Dalian Commodity Exchange (DCE) for September delivery then inched up by 0.79% day-on-day or RMB 9.50 to RMB 1,219.50/mt during the day trading session on Wednesday. The …

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Iron Ore DCE Sep Daily Technical Review 14/7/21

Verdict – Short-term neutral. DCE iron ore September tested low first hour this morning and rebounded to opening level very fast. Iron ore was still in the consolidation range between 1152.0 – 1231.0. Hourly slow stochastic KD deepened correction after a dead cross. However MACD stabled and rebounded. Technical signals were neutral at the moment. …

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Daily Virtual Steel Mill Report 14/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China PM Li Keqiang held a economist conference to counter against economic cycle risk. Maintain the continuous effect of macro policy and avoid general liquidity release to the market. The RRR cut focus on special areas and structural demand, to benefit mid-small capital …

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Daily Capesize Review 13/7/21

Capesize freight rates slumped into losses after some panic selling in the paper market, as freight rates declined in the physical market. The Capesize 5 time charter average, then plunged down by $994 day-on-day to $30,272 on Tuesday, after selling pressure in the paper market. The Baltic Dry Index (BDI) also dropped by 2.18% day-on-day, …

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