FIS Morning Report Tanker FFA 25-05-21

News Headlines: OIL DAYBOOK EUROPE: China Set to Buy More Russian Crude; Iran (Bloomberg) China’s growing appetite for oil is poised to lure crude from Russia’s western ports after a months’-long slump as the cargoes once again compete with Middle East supplies favored by Asia’s refineries.     Three Tanker Stocks Upgraded as Evercore ISI …

FIS Singapore Iron Ore Derivatives Report 25/05/21

Iron Ore Market Update Market Commentary Iron ore and steel prices saw a major correction last week following the government crackdown. Mills’ profitability fell sharply since reaching multi-year highs just two weeks ago, according to data compiled by Bloomberg Intelligence. According to some trade sources, steel margins for some products have fallen below $200/mt. Meanwhile, …