FIS Singapore Iron Ore Derivatives Report 10/09/2021

Market Commentary Iron ore remained below $130 on expectations of increased supplies as well as worsening demand outlook as China’s emission targets are likely to drive further output curbs for the rest of the year. Iron ore futures did rebound to around $131 in Asia morning as inventory data points to better steel consumption. Mills’ …

FIS Morning Report Tanker FFA 10-09-21

News Headlines: OIL DAYBOOK EUROPE: China Confirms Sale of Reserves; Ida Impact (Bloomberg) China made an unprecedented intervention in the global oil market, releasing crude from its strategic reserve for the first time with the explicit aim of lowering prices. The announcement comes amid surging energy costs in China, not just for oil but also …