FIS Fuel Oil Morning Report 06/09/21

At 10:49 am Singapore time (0249 GMT), the ICE November Brent futures contract was down 99 cents (1.36%) from the previous close at $71.62/b, while the NYMEX October light sweet crude contract was down 91 cents (1.31%) at $68.38/b.   Both markers fell after US Department of Labor data released late Sept. 3 showed nonfarm …

Daily Virtual Steel Mill Report 6/9/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         China PM Li Keqiang indicated to explore and develop carbon emission industry and environment protection industry, and control high energy consumption and emission. ·         U.S. new added job roles 235,000, estimated 733,000, last 943,000. The significant low expectation would potentially slow down the exit of T-Bond …

FIS Morning Report Tanker FFA 06-09-2021

News Headlines: OIL DAYBOOK EUROPE: Saudi Arabia Cuts Prices to Asia; NOC Chair (Bloomberg) Saudi Arabia cut oil prices for sales to Asia next month by more than twice the expected amount in a sign the world’s largest crude exporter wants to entice buyers to take more of its barrels. * OIL FUTURES: Oil Extends …

FIS Singapore Iron Ore Derivatives Report 03/09/2021

Market Commentary Iron ore futures rebounded on Friday from its three days fall as investors assessed the construction activities will improve in the coming weeks thus the optimistic market sentiment, despite government strengthened up to curb steel production and pollution. Meanwhile, over 20 Chinese steel mills have issued maintenance plans in September according to Beijing …