FIS API Blog
Iron Ore Market Update Market Commentary Iron ore futures slid below $160 on Tuesday on ongoing concerns over steel demand despite an uptick in restocking activities. While Beijing’s efforts to rein in its dirtiest steel sector, China’s total production over the first seven months of the year remained 8% higher than last year’s level, …
Continue reading “Singapore Iron Ore Derivatives Report 17/08/2021”
ENGINE: Global Market Update Global bunker prices are moving in mixed directions today, while Brent prices have dropped further on the day. Changes in the day to 08.00 GMT today: VLSFO prices down in Singapore and Gibraltar ($1/mt), up in Fujairah ($1/mt), Rotterdam ($3/mt) and Houston ($7/mt) LSMGO prices down …
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FOB China HRC The index rose by $3/t yesterday (16.8.21) to US$931/t, MTD US$928.70/t. China’s industrial production rose by 6.4pc in July from a year earlier, but slower than the 8.3pc gain in June, according to the national statistics bureau. Real estate data showed growth from both 2020 and 2019, but at …
Morning Oil Report At 11:20 am Singapore time (0320 GMT), the October ICE Brent futures contract was up 4 cents/b (0.06%) from the previous close at $69.55/b, while the NYMEX September light sweet crude contract was 8 cents/b (0.12%) higher at $67.37/b. Despite the global resurgence of COVID-19, Wall Street investment banks are …
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News Headlines: Oil prices pare earlier gains amid worries over COVID case spike (Reuters) Oil prices were mixed on Tuesday, paring earlier gains, as expectations that major producers will not boost supply any time soon were offset by worries over slowing global fuel demand amid a spike in the Delta variant of …
(ARGUS) FOB China HRC – The index was unchanged last Friday (13.8.21) at US$928/t, MTD US$928.44/t. China’s iron and steel association Cisa was heard to collect suggestions from some Chinese mills on the country’s 2022 import and export tax adjustments before 17 August, participants said. They were unclear whether it means China may …
ENGINE: Global Market Update Global bunker prices have dropped across ports, down from Friday’s levels and tracking lower Brent crude values. Changes in the day to 08.00 GMT today: VLSFO prices down in Rotterdam ($18/mt), Fujairah ($12/mt), Houston ($11/mt), Singapore ($9/mt) and Gibraltar ($7/mt) LSMGO prices down in Fujairah ($21/mt), Singapore ($13/mt), Rotterdam …
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Iron Ore Market Update Market Commentary Iron ore futures fell on Monday after China’s steel production plunged to a 15-month low in July as China’s efforts to cut emission are starting to take effect. According to official data, steel output fell by 8.4% on year to 86.8 million tonnes. However, over the first seven months, …
Continue reading “Singapore Iron Ore Derivatives Report 16/08/21”
Morning Oil Report At 10:51 am Singapore time (0251 GMT), the ICE October Brent futures contract was down 80 cents/b (1.13%) from the previous close at $69.79/b, while the NYMEX September light sweet crude contract similarly fell 77 cents/b (1.13%) at $67.67/b. Yet again, oil has fallen from the end of Friday’s trading …
