Monthly archives: July 2021

FIS Singapore Iron Ore Derivatives Report 09/07/2021

Market Commentary second half of the year, SinoSteel Futures wrote in a note. From the 1H iron ore exports to China Platts data showed, Vale and Rio Tinto respectively shipped 128.11Mt and 148.83Mt in the last six months against their annual production guidance of 315-335Mmt and 325-340Mmt. If environmental-related production restrictions are to be implemented …

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FIS Fuel Oil Morning Report 09/07/21

At 11:15 am Singapore time (0315 GMT), the ICE September Brent futures contract was up 5 cents/b (0.07%) from the previous close at $74.17/b, while the NYMEX August light sweet crude contract was up 14 cents/b (0.19%) at $73.08/b.   EIA (wk ending 2 July) Crude: -6.866M Cushing: -0.614M Gasoline: -6.076M Distillates: 1.616M   Data …

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FIS Morning Report Tanker FFA 09-07-21

News Headlines: OIL DAYBOOK EUROPE: China Bucks Slumping Energy Demand in 2020 (Bloomberg) Energy use and carbon emissions dropped almost everywhere in 2020 as the pandemic kept people at home, but China was one major exception, BP Plc said in its annual Statistical Review of World Energy. OIL FUTURES: Oil Heads for Worst Week Since …

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Daily Virtual Steel Mill Report 8/7/21

Market Verdict on Iron Ore： ·         Iron ore short-run neutral. Macro ·         From January to June, the cumulative growth rates of domestic sales of large, medium and small excavators were 9.8%, 45.5% and 18.7% respectively. Although they still maintained the growth trend, but were 7.2%, 9.7% and 6.6% slower than previous five months. The growth …

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