FIS Singapore Iron Ore Derivatives Report 28/05/21

Market Commentary Iron ore futures were largely unchanged at just under $185 on Friday. The steelmaking ingredient has had a rollercoaster ride this month, with prices surging above $230 at the start of the month amid a global steel boom, exacerbated by China’s commitment to rein in last year’s record 1 billion tonnes of output. …

FIS Fuel Oil Morning Report 28/05/21

At 10:26 am Singapore time (0226 GMT), the ICE Brent July contract was up 18 cents/b (0.26%) from the previous settle at $69.64/b, while the July NYMEX light sweet crude contract was 29 cents/b (0.43%) higher at $66.85/b.   The positive sentiment in the market is most evidently coming from the US as the economy …