Category archives: Products

FIS Singapore Iron Ore Derivatives Report 16/07/21

Market Commentary Iron ore futures advanced on Friday after Rio Tinto warned that iron ore supply had struggled to keep pace with consumption. The Australian miner flagged its iron ore shipments this year are likely to be at the low end of its forecast as the world’s top producer and rivals struggle to meet the …

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ENGINE: East of Suez Bunker Fuel Market Update 16/7/21

East of Suez bunker prices are rising today, reversing some of yesterday’s sharp losses.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Singapore ($5/mt), Zhoushan ($4/mt) and Fujairah ($3/mt) LSMGO prices up in Fujairah ($14/mt), Zhoushan ($7/mt) and down in Singapore ($5/mt) HSFO380 prices up in Zhoushan ($6/mt), …

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ENGINE: Europe & Africa Bunker Fuel Market Update 16/7/21

Bunker prices have recovered some of their heavy losses in the previous session, and prices have surged in South African ports affected by civil unrest disruptions this week.   Changes on the day to 08.00 GMT today: VLSFO prices up in Durban ($20/mt), Rotterdam ($9/mt) and Gibraltar ($6/mt) LSMGO prices up in Durban ($22/mt), Gibraltar …

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Ferrous trade weekly review 16/7/21

A total of 1.16 million mt of iron ores was traded for the week ended Jul 16, after steel output cut was relaxed from early July, which led to more steel consumption and demand. However, many trade participants saw the relaxation as temporary and expected further production cuts in H2 2021 in effort to cut …

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