FIS Singapore Iron Ore Derivatives Report 29/06/21

Market Commentary Iron ore futures tumbled on Tuesday as investors assessed the near-term steel demand outlook ahead of the centenary celebration of the Chinese Communist Party. Mills in the Handan city in the steelmaking province of Hebei, will halt sintering production from 28 to 30 June and output from some blast furnaces will be restricted, …

Daily DCE Review 29/6/21

Iron ore futures suffered a sharp fall in the morning session, before recovering some positions during the afternoon session. The futures of Dalian Commodity Exchange (DCE) for September delivery then dived down by 2.66% day-on-day or RMB 31.50 to RMB 1,196/mt at the close of day trading session on Tuesday. The rebar futures also dipped …

FIS Fuel Oil Morning Report 29/06/21

At 10:55 am Singapore time (0255 GMT), the ICE August Brent futures contract was down 34 cents/b (0.46%) from the previous close at $74.34/b, while the NYMEX August light sweet crude contract was down 28 cents/b (0.38%) at $72.63/b. This downtrend continues from overnight when front month Brent and NYMEX light sweet crude markers closed …

Daily Capesize Review 28/6/21

Capesize freight rates inched up after a slow start of the week, despite improvement seen in both basins. The Capesize 5 time charter average, then rose up by $279 day-on-day to $33,348 on Monday, despite limited fixtures done in the physical market. The Baltic Dry Index (BDI) also hiked up by 2.12% day-on-day, up 69 …

FIS Morning Report Tanker FFA 29-06-21

  News Headlines: OIL DAYBOOK EUROPE: Saudis May Increase Arab Light OSP to Asia (Bloomberg) Saudi Aramco is expected to increase the price of Arab Light crude by 65 cents a barrel for August sales to Asian customers. OIL FUTURES: Oil Below $73 on Demand Concern Before OPEC+ Meet.     TANKER WEEKLY WRAP: WAF …