FIS Fuel Oil Morning Report 15/03/21

Brent crude futures for May gained 47 cents, or 0.7%, to $69.69 a barrel by 0438 GMT while U.S. West Texas Intermediate crude for April was at $66.10 a barrel, up 49 cents, or 0.8%.   The US stimulus package had sent the global economy into a positive mood in the past week as Biden …

Daily DCE Review 15/3/21

Iron ore futures dipped on stricter emission cuts in steelmaking hub of Tangshan, imposed by Chinese environment ministry. The most-traded May iron ore contract on China’s Dalian Commodity Exchange (DCE), then slid by 3.50% day-on-day or up RMB 37.50 to RMB 1,035/mt on Monday. The steel rebar contract on the Shanghai Futures Exchange, however managed …