FIS Fuel Oil Morning Report 26/01/2021

Brent crude was down 28 cents, or 0.5%, at $55.60 by 0431 GMT, while U.S. crude fell 25 cents, or 0.5%, to $52.52. Both rose nearly 1% on Monday.   The continuing theme of oil being capped comes from the rising coronavirus cases globally, but also the dwindling hope of a stimulus package in the …

FIS Weekly Ferrous Report 26/1/2021

Market Summary: Steel: – The speculators used to long U.S. linked commodities and short CNY linked commodities come to an end as currency become less sensitive to stimulus plan. Construction steel trading volume dropped by 50% from late December 200,000 tonnes to 100,000 tonnes by end of January. Steel bank construction steel inventories up 17.31% …