FIS Singapore Iron Ore Derivatives Report 24/06/21

Iron Ore Market Update Market Commentary Iron ore futures retreated on Thursday over declining mills profitability in China. Steel margins in China took a beating following the nation’s high-profile crackdown on surging commodity prices. Rebar and hot-rolled coil futures have tumbled over 20% from the respective multi-year highs in May. The China Iron & Steel …

FIS Morning Report Tanker FFA 24-06-21

News Headlines: OIL DAYBOOK EUROPE: U.S. Refiners Hunt for Crude; Stocks Dwindle (Bloomberg) U.S. refiners pushing to meet surging demand are turning to the Persian Gulf and Russian Far East for crudes that are typically bought by Asian processors. The latest example is a rare shipment of Abu Dhabi’s Murban that’s en route to Long …