FIS Singapore Iron Ore Derivatives Report 25/05/21

Iron Ore Market Update Market Commentary Iron ore and steel prices saw a major correction last week following the government crackdown. Mills’ profitability fell sharply since reaching multi-year highs just two weeks ago, according to data compiled by Bloomberg Intelligence. According to some trade sources, steel margins for some products have fallen below $200/mt. Meanwhile, …

FIS Fuel Oil Morning Report 25/05/21

Brent crude futures LCOc1 were up 14 cents, or 0.2%, at $68.60 a barrel by 0400 GMT, having jumped 3% on Monday. U.S. West Texas Intermediate futures CLc1 was up 8 cents at $66.13 a barrel, after gaining 3.9% the previous session.   The case for oil to remain on target to hit $80 is …