FIS Singapore Iron Ore Derivatives Report 22/09/21

Market Commentary Iron ore futures rebounded above $100 due to low rebar inventories. Rebar stocks across commercial warehouses in China have been on a decline for the last two months while production also fell in the last two weeks. According to Steelbank, construction steels inventories were down 4.05% from a week ago to 7.26 million …

FIS Fuel Oil Morning Report 22/09/21

At 10:30 am Singapore time (0230 GMT), the ICE November Brent futures contract was up 50 cents/b (0.67%) from the previous close at $74.86/b, while the NYMEX November light sweet crude contract was 59 cents/b (0.84%) higher at $71.08/b.   API Crude -6.108M Cushing -1.748M Gasoline -0.432M Distillate -2.720M   Highlighting tight supply as demand …