ENGINE: East of Suez Bunker Fuel Market Update 7/721

East of Suez Bunker Fuel Market Update East of Suez bunker prices are sharply down with Brent on the day, erasing yesterday’s gains.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Singapore ($21/mt), Fujairah ($20/mt) and Zhoushan ($19/mt) LSMGO prices down in Fujairah ($29/mt), Zhoushan ($24/mt) and Singapore …

FIS Castaway Podcast – Episode 62 – Base Metals Special 07/07/21

    FIS Castaway Podcast – Episode 62 – Base Metals Special   This week is all about that base. Nick McClements talks about the base metal market after we explore the freight, iron ore and freight markets.     Listen Below:   Website https://freightinvestorservices.com/blog/fis-castaway-eps-62/   Spotify https://open.spotify.com/episode/4P2aKjAvILf6mZgg5mVnCB?si=DnG88hz7TUieXD00SIp1eA&dl_branch=1   iTunes https://podcasts.apple.com/gb/podcast/episode-62-base-metals-special/id1507094242?i=1000528109462       Disclaimer: This podcast …

FIS Singapore Iron Ore Derivatives Report 07/07/21

Market Commentary Iron ore futures reversed early losses in Asia as investors assessed the steel supply and demand outlook. The August contract fell to as low as $204.75 in Asia as market sentiment was dampened by recovering iron ore supply as well as rising scrap usage. Supply tightness from both Australia and Brazil will likely …

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

ENGINE: Europe & Africa Bunker Fuel Market Update   European and African bunker prices have largely reversed yesterday’s sharp gains by tracking tumbling Brent futures down from multi-year highs.   Changes on the day to 08.00 GMT today: VLSFO prices down in Durban ($20/mt), Gibraltar ($16/mt) and Rotterdam ($11/mt) LSMGO prices down in Gibraltar ($20/mt), …