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Prime’s Daily Market Report Nov 11, 2020

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Prime’s Daily Market Report Nov 11, 2020

SOURCES: Phys. Suppliers, Reuters     

Market continues to be on a strong bullish trend. Prices are likely to be revised to the high side as it has been the case all these days.

CRUDE OIL FUTURES @ 13:48 WTI $ 42.66/bbl ↑1.30 Brent $ 44.87/bbl ↑1.26 Gasoil↑15.50
PORTS  (Del.costs) VLSFO (0.5%) RMG380 RME180 DMA LS Comments/Earl.del.  
PIRAEUS (mtw) 360-365 s.i. n.a. 380-385 firm prices s.i.-avails
MALTA 340-345 310-315 n.a. 375-380
GIBRALTAR (mtd/mtw) 345-350 310-315 n.a. 380-385
ISTANBUL (mtw) 370-375 s.i. n.a. 410-415
NOVOROSSIYSK 310-315 275-280 n.a. 405-410
ROTTERDAM 335-340 280-285 n.a. 365-370
LAS PALMAS 345-350 310-315 n.a. 380-385
ST. PETERSBURG 315-320 254-259 n.a. 347-352
LOME anch 389-394 s.i. n.a. 440-445
ALGOA BAY 385-390 s.i. n.a. s.i. firm prices s.i.-avails
DURBAN 395-400 n.a. s.i. 450-455
JEDDAH posted price (mtw) 322 287 s.i. 431
FUJAIRAH 360-365 s.i. n.a. 457-462 earl. del. Nov 15
VISAG 360-365 s.i. n.a. s.i.
MUMBAI 363-368 s.i. n.a. 438-443
COLOMBO 393-398 s.i. n.a. 440-445
SINGAPORE 363-368 301-306 n.a. 378-383
HONG KONG 355-360 305-310 n.a. 365-370
SHANGHAI 367-372 321-323 n.a. 417-422
BUSAN 363-368 321-323 n.a. 378-383
KAOHSIUNG posted price 370 326 n.a. 400
MONTREAL* 394-399 332-337 n.a. 410-415
NEW ORLEANS* (mtw) 330-335 290-295 n.a. 377-382
HOUSTON* (mtw) 330-335 270-275 n.a. 375-380
NEW YORK* (mtw) 335-340 280-285 n.a. 355-360
LOS ANGELES* (mtd/mtw) 345-350 277-282 n.a. 430-435
PANAMA* (mtw) 328-333 295-300 n.a. 385-390
RIO DE JANEIRO* 354-359 n.a. n.a. 417-422
REMARKS s.i. = subject inquiry,   n.a = not available,    s.a. = subj. avails     
VLSFO, DMA & DMB prices, where avail, will be subj to inquiry        
Above prices are not firm – only indicative of the market at the time they were documented & basis 30 days payment terms.  
* Due to time zone difference or holiday, prices for these ports are yesterday’s closing * 
+ Prompt deliveries (before the earliest dates) may be possible but at high premiums
+ Movements in prices are basis the respective port’s product & barge availability besides crude levels.  
+ Since no one is a fortune teller there are no indicative prices for future delivery dates.     
+ All prices above are in US$ per mtd unless otherwise specified.  (mtw) = additional transportation charges

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