Category archives: Products

ENGINE: East of Suez Bunker Fuel Market Update 15/7/21

East of Suez bunker prices have made sharp losses, pulled down by Brent values weakening on the prospect of an imminent OPEC+ deal and signs of lower US fuel demand.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices down in Zhoushan ($19/mt), Singapore ($18/mt) and Fujairah ($14/mt) LSMGO prices down …

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Daily DCE Review 15/7/21

Iron ore futures hiked up on Thursday trading session, finding supports from high steel prices, though market concerns over the upcoming production cuts. The futures of Dalian Commodity Exchange (DCE) for September delivery then went up by 1.61% day-on-day or RMB 19.50 to RMB 1,234/mt during the day trading session on Thursday. The rebar futures …

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Daily Capesize Review 14/7/21

Capesize freight rates continued to come under selling pressure, despite some improvement seen in the physical market. The Capesize 5 time charter average, then fell further by $1,144 day-on-day to $29,128 on Wednesday, after an erratic paper trading session. The Baltic Dry Index (BDI) also dropped by 2.76% day-on-day, down 89 points to 3,139 readings, …

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FIS Fuel Oil Morning Report 15/07/21

Good morning. Oil prices have come under pressure, with ICE Brent settling more than 2% lower yesterday, and also trading weaker in early-morning trading today. As of 11:05 am Singapore time (0228 GMT), the ICE September Brent futures contract was down 74 cents/b (0.99%) from the previous close at $74.02/b, while the NYMEX August light …

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Iron Ore DCE Sep Daily Technical Review 15/7/21

Verdict – Short-term neutral. DCE iron ore September rebounded for the fourth day of the week, however the high of the day was still below major resistance level around 1152.0. Hourly MACD flattened. Hourly CCI corrected from the bullish area. Hourly slow stochastic KD rebounded slowly. Technical signals were indicating an exhaustion of the rebound. …

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Daily Virtual Steel Mill Report 14/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         China State Council conference mentioned to inspect the illegal speculation on commodities and tax evasion, which disturbed the market environment and the tax revenue. ·         U.S. June PPI reached 7.3%, core PPI reached 5.6%, both created record high. U.S. Federal Powell indicated Federal …

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FIS Morning Report Tanker FFA 15-07-21

News Headlines: OIL DAYBOOK EUROPE: Asia Air Travel Revival Lags; UAE Nears Deal  (Bloomberg) Asian air travel may take another three years to recover fully from the devastation wrought by the pandemic, lagging behind rebounds in other regions and offering a stern headwind for refiners making jet fuel. Oil Extends Losses on U.S. Stockpile Gain …

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