FIS Singapore Iron Ore Derivatives Report 17/05/2021

Iron Ore Market Update Market Commentary Iron ore futures rebounded above $200 a tonne on Monday over better steel output. Mills in China continued to churn out steel at record pace despite government attempts to rein in output from last year’s record of over 1 billion tonnes. According to the latest figures released by China’s …

FIS Fuel Oil Morning Report 17/05/21

At 11:03 am Singapore time (0303 GMT), the ICE Brent July contract was up 34 cents/b (0.49%) from the May 14 settle at $69.05/b, while the June NYMEX light sweet crude contract was up 31 cents/b (0.47%) at $65.68/b.   Last week was an interesting week for more reasons than one with Elon Musk declaring …