FIS API Blog
Bunker prices have come down with Brent across East of Suez ports, and Singapore’s VLSFO price has moved to wider premiums over regional bunkering hubs. Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($11/mt), Fujairah ($9/mt) and Singapore ($8/mt) LSMGO prices down in Singapore ($13/mt), …
Continue reading “ENGINE: East of Suez Bunker Fuel Market Update 02/08/21”
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Iron ore futures dipped slightly at the start of the new month, following market bearish sentiments on lower steel demand and poor economic indicators. The futures of Dalian Commodity Exchange (DCE) for September delivery then dipped by 0.85% day-on-day or down RMB 9 to RMB 1,054/mt during the day trading session on Monday. The rebar …
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
Verdict – Short-term neutral, slow down on correction. DCE iron ore September recover after a huge correction, as expected last Friday. Hourly MACD potentially create a gold cross. Hourly slow stochastic KD potentially rebound from oversold area. Hourly CCI created a multiple bottom areas and rebound to neutral area. Technical signals were indicating an oversold …
Continue reading “Iron Ore DCE Sep Daily Technical Review 2/8/21”
Market Verdict on Iron Ore： · Iron ore short-run oversold, potential to maintain rebound and test high. Macro · China political conference required to maintain commodity price stable. China central bank propose to maintain a stable monetary in the second half year of 2021. · Jiangsu closed 55 highway exits and entrances because of the …
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (FL): +1 813 490 6630
At 10:55 am Singapore time (0255 GMT), the ICE October Brent futures contract was down $1.08/b (1.43%) from the previous close at $74.33/b, while the NYMEX September light sweet crude contract was 96 cents/b (1.30%) lower at $72.99/b. The ever present threat of the Coronavirus is still clear to see as many Asian countries …
News Headlines: OIL DAYBOOK EUROPE: U.S. Blames Iran for Attack on Tanker (Bloomberg) The U.S. formally blamed Iran for a deadly attack on an Israel-linked oil tanker off Oman, warning of an appropriate response. “There is no justification for this attack, which follows a pattern of attacks and other belligerent behavior,” Secretary of State Antony …
