Author archives: Edward Hutton

FIS Singapore Iron Ore Derivatives Report 10/06/21

Market Commentary Iron ore futures advanced on optimism that China’s steel output will stay elevated for the rest of the year. China’s steel demand is expected to ease off as the nation enters its rainy season. The latest rebar inventory data seemed to confirm that demand in China is slowing down. Rebar production was down …

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FIS Fuel Oil Morning Report 10/06/21

At 10:38 am Singapore time (0238 GMT), the ICE August Brent futures contract was down 65 cents/b (0.90%) from the previous settle at $71.57/b while the NYMEX July light sweet crude contract was down 61 cents/b (0.87%) at $69.35/b.   EIA week ending 6/4 Crude oil: -5.2M Gasoline: +7.0M Distillates: +4.4M Refiner utilz: 91.3% Impld …

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FIS Morning Report Tanker FFA 10-06-21

News Headlines: OIL DAYBOOK EUROPE: U.S. Awash With Gasoline; Iran Nuclear Talks (Bloomberg) American oil refiners eager to boost gasoline production for the summer driving season are leaving the country awash with fuel at a time when the rebound in consumption is still uncertain. Stockpiles have jumped to the highest in three-months, while a measure …

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