Category archives: Products

Iron Ore DCE Sep Daily Technical Review 22/7/21

Verdict – Short-term neutral. DCE iron ore September corrected significantly with increasing trading volume. Hourly MACD created dead cross. Hourly slow stochastic KDE created dead cross below overbought area, indicated a market reversal. CCI created a double top area. Technical signals were indicating the correction potentially continues. The first support is 1114.5, the first resistance …

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Daily Virtual Steel Mill Report 22/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         A senior official of the IMF said the global output gap of about $15 trillion caused by the Covid-19 crisis, needed “tough reforms” in product, labor and financial markets. ·         US Deputy Secretary of state Sherman will visit China from July 25 to …

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ENGINE: Americas Bunker Fuel Market Update 21/7/21

Americas bunker prices have made fresh gains on the back of a 3% Brent jump.   Changes on the day to 09.30 CST (14.30 GMT) today: VLSFO prices up in Los Angeles ($27/mt), Zona Comun ($24/mt), New York ($21/mt), Balboa ($20/mt) and Houston ($17/mt) LSMGO prices up in Zona Comun ($31/mt), Los Angeles ($29/mt), Balboa …

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

Bunker prices have seen small gains in East of Suez ports in the past day, after dropping in the previous two days.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($4/mt), Zhoushan ($3/mt) and Fujairah ($2/mt) LSMGO prices up in Zhoushan, Fujairah and Singapore ($4/mt) HSFO380 prices …

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

European and African bunker prices are mostly rangebound, while Rotterdam’s low sulphur prices have extended their declines.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($3/mt) and Gibraltar ($2/mt), and down in Rotterdam ($11/mt) LSMGO prices up in Durban ($4/mt), steady in Gibraltar, and down in Rotterdam ($6/mt) HSFO …

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