Author archives: Edward Hutton

FIS Singapore Iron Ore Derivatives Report 19/05/2021 19/05/21

Iron Ore Market Update Market Commentary Iron ore futures retreated on Wednesday amid declining steel prices as authorities in China stepped up efforts to tame the markets. Mysteel reported that China’s steelmaking hub of Tangshan has announced fresh production curbs which include the suspension of production of all sintering units of steel mills between midnight …

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FIS Castaway Podcast – Episode 55 19/05/21

    FIS Castaway Podcast – Episode 55   With storm clouds over London this week, we try to clear things up about what’s been happening with the dramatic falls on freight, whispers of Iranian oil coming back, and strong steel mill margins in China, on this week’s Castaway podcast.       Listen Below: …

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Fuel Oil Morning Report 19/05/21

Brent crude futures fell 73 cents, or 1.1%, to $67.98 a barrel at 0452 GMT. It settled 1.1% lower on Tuesday after briefly climbing above $70 earlier in the session. U.S. West Texas Intermediate (WTI) crude futures dropped 77 cents, or 1.2%, to $64.72 a barrel, following a 1.2% fall on Tuesday.   API Crude …

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Morning Report Tanker FFA 19/05/21

OIL DAYBOOK EUROPE: Talks of an Iranian Breakthrough Dialed Back (Bloomberg) A senior Russian diplomat denied reports that he expects an imminent breakthrough in critical negotiations over restoring the Iranian nuclear deal, after tweets suggesting such an advance triggered a slump in oil prices below $65 as Stockpiles Expand, Iran Talks Cast Shadow.     …

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