Author archives: Edward Hutton

FIS Singapore Iron Ore Derivatives Report 02/07/2021

Market Commentary Iron ore futures were weaker on Friday amid concerns over China’s demand outlook and rising inflation. The short-term demand of the steelmaking ingredient has hit a snag as China is facing its seasonal lull in demand as construction and manufacturing activities slow in the summer. Recent data also suggest that China’s economic growth …

Continue reading “FIS Singapore Iron Ore Derivatives Report 02/07/2021”

FIS Fuel Oil Morning Report 02/07/21

At 10:26 am Singapore time (0226 GMT), the ICE September Brent futures contract was up 10 cents/b (0.13%) from the previous close at $75.94/b, while the NYMEX August light sweet crude contract was up 8 cents/b (0.11%) at $75.31/b.   Yesterday was spent frantically searching for news from the OPEC+ meeting, only to find that …

Continue reading “FIS Fuel Oil Morning Report 02/07/21”

FIS Morning Report Tanker FFA 02-07-21

News Headlines: OIL DAYBOOK EUROPE: OPEC+ Supply Hike in Jeopardy as UAE Rebels (Bloomberg) In an unexpected turn of events at the OPEC+ meeting, the United Arab Emirates blocked a preliminary deal on output increases, prompting the group to postpone its meeting and casting doubt on an agreement that could ease a surge in oil …

Continue reading “FIS Morning Report Tanker FFA 02-07-21”