Category archives: Products

Daily Virtual Steel Mill Report 11/8/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         The U.S. Senate voted 69 to 30 to approve the $1 trillion cross-party base establishment bill, which includes $550 billion in new infrastructure funding project. ·         China Ministry of Finance: building fiscal and tax policies to promote green and low-carbon development, will support …

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Tanker Morning Report 11/08/21

News Headlines:   OIL DAYBOOK EUROPE: Several Asian Refiners Take Less Saudi Crude (Bloomberg) Several Asian refiners asked for less oil from Saudi Arabia for next month as steps to rein in the delta virus variant weighed on demand. At least four customers — three in Northeast Asia and one in Southeast Asia – requested …

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Singapore Iron Ore Derivatives Report 10/08/21

Iron Ore Market Update Market Commentary Iron ore futures remained subdued on Tuesday as the steel outlook continues to be clouded by concerns over further production curbs. China’s efforts to clean up its dirtiest steel industry are finally taking effect, with consumption taking a hit. Apparent consumption across five typical steel products fell to 9.86 …

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ENGINE: Global Bunker Fuel Market Update 10/8/21

Global bunker prices have surged with Brent as the futures contract bounced back by nearly $2/bbl to make it above $70/bbl again.   Changes on the day to 08.00 GMT today: VLSFO prices up in Singapore ($26/mt), Gibraltar ($25/mt), Fujairah ($22/mt), Rotterdam ($12/mt) and Houston ($1/mt) LSMGO prices up in Fujairah ($38/mt), Gibraltar ($23/mt), Rotterdam …

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