Category archives: Products

ENGINE: East of Suez Bunker Fuel Market Update 2/9/21

East of Suez bunker prices are mostly up on the day, while some ports have seen small losses amid a dip for Brent.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($3/mt), Zhoushan ($2/mt), and down in Fujairah ($1/mt) LSMGO prices up in Singapore and Zhoushan ($5/mt), …

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ENGINE: Europe & Africa Bunker Fuel Market Update 2/9/21

Bunker prices have mostly been rangebound in European bunkering hubs the past day, and HSFO380 remains tight in several northern European ports.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($25/mt), Rotterdam and Gibraltar ($1/mt) LSMGO prices up in Durban ($35/mt) and Rotterdam ($5/mt), and steady in Gibraltar HSFO …

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Daily DCE Review 2/9/21

Iron ore futures inched down slightly on Thursday, after a sharp fall yesterday, as market braced for more steel output cuts during the peak steel demand season. The futures of Dalian Commodity Exchange (DCE) then inched down by 0.58% day-on-day or RMB 4.50 to RMB 773.50/mt during the day trading session on Thursday. The rebar …

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Daily Capesize Review 1/9/21

Capesize freight rates continued its downward trajectory, with both basins came under selling pressures as tonnages began to return. The Capesize 5 time charter average, then fell further by $2,102 day-on-day to $46,987 on Wednesday, after much selling pressures. The Baltic Dry Index (BDI) followed the decline and dropped by $119, down 2.88% day-on-day, to …

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Iron Ore DCE Jan Daily Technical Review 2/9/21

Verdict – Short-term neutral. DCE iron ore January contract tested high and correct, as predicted yesterday as an oversold rebound. The hourly MACD potentially create gold cross in bearish area. However slow stochastic KD and CCI from hourly level were flattened. Short-run consolidating in the range box of 757.5- 789.5. The first support is 757.5, …

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Daily Virtual Steel Mill Report 2/9/21

Market Verdict on Iron Ore： ·          Neutral. Macro ·         U.S. ISM announced last month U.S. PMI reached 59.9. However the price indicator of Manufacturing industry dropped from 85.7 to 79.4 from July to August, created the eight month low, which potentially symbolized that inflation reached a roof area. ·         Germany central bank indicated that European …

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Morning Oil Report 02/09/21

At 10:40 am Singapore time (0240 GMT), the ICE November Brent futures contract was down 35 cents/b (0.49%) from the previous close at $71.24/b, while the NYMEX October light sweet crude contract was 43 cents/b (0.63%) lower at $68.16/b.   The OPEC+ alliance in its meeting Sept. 1 agreed to increase crude output by 400,000 …

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