FIS Singapore Iron Ore Derivatives Report 12/07/21

Iron Ore Market Update Market Commentary Iron ore futures endured a choppy Monday morning as investors steel supply and demand outlook amid China’s monetary support as well as an uptick in seaborne supply, while concerns of further production restrictions linger on. The Peoples’ Bank of China (PBOC) announced a broad cut in the reserve-requirement ratio …

FIS Fuel Oil Morning Report 12/07/21

At 10:30 am Singapore time (0230 GMT), the ICE September Brent futures contract was down 11 cents/b (0.15%) from the previous close at $75.44/b while the NYMEX August light sweet crude contract was down 8 cents/b (0.11%) at $74.48/b.   After failing to ratify production increases from the rest of the year, the OPEC group …