Category archives: Products

ENGINE: Europe & Africa Bunker Fuel Market Update 13/7/21

Prices have extended their gains on the back of Brent in key European bunker ports, while Durban’s VLSFO price has dipped back down to parity with Port Elizabeth.   Changes on the day to 08.00 GMT today: VLSFO prices up in Gibraltar ($12/mt) and Rotterdam ($4/mt), and down in Durban ($12/mt) LSMGO prices up in …

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Daily DCE Review 13/7/21

Iron ore futures closed higher due to better steel prices and the persisted low monthly iron ore imports arrival to China. The futures of Dalian Commodity Exchange (DCE) for September delivery then soared by 3.29% day-on-day or RMB 39 to RMB 1,225/mt during the day trading session on Tuesday. The rebar futures however, dipped slightly …

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SIOF Week 2021: Iron ore to extend commodity bull run

Goldman Sachs expected more steams for iron ore rally, despite its prolonged bullish run for three-consecutive year. At first the bull run was triggered by supply shock from Brazil’s Vale, but the rally had matured to a more demand-oriented market, boosted by various governments’ economic stimulus packages. “Iron ore has become the poster child of …

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FW: FIS Morning Report Tanker FFA 13-07-21

News Headlines: OIL DAYBOOK EUROPE: Virus Curbs Across Asia Threaten Recovery (Bloomberg) The fast-spreading delta virus variant is on the march through a largely unvaccinated Southeast Asia, forcing restrictions on work and mobility that are taking the shine off the wider region’s recovery in energy demand.     SUPERTANKER TRACKER: China-Bound At Four-Week High; U.S. …

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Daily Capesize Review 12/7/21

Capesize freight rates continued to stay afloat with slight gains, though there was some softening in the Pacific and the Atlantic basins. The Capesize 5 time charter average, then inched up by $294 day-on-day to $31,266 on Monday, byproduct of the recent rally in the FFA market.   Slow market activities despite healthy cargo list …

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FIS Fuel Oil Morning Report 13/07/21

At 10:24 am Singapore time (0224 GMT), the ICE September Brent futures contract was up 16 cents/b (0.21%) from the previous close to $75.32/b, while the NYMEX August light sweet crude contract was up 17 cents/b (0.23%) at $74.27/b.   Brent crude oil complex remains in a mixed territory at present owing to the precarious …

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