FIS Fuel Oil Morning Report 15/09/21

At 10:25 am Singapore time (0225 GMT), the ICE November Brent futures contract was up 28 cents/b (0.38%) from the previous settle at $73.88/b, while the NYMEX October WTI contract was 30 cents/b (0.43%) higher at $70.76/b.   API Crude -5.437M Cushing -1.345M Gasoline -2.761M Distillate -2.888M   Around 720,217 b/d or 39.6% of Gulf …

FIS Singapore Iron Ore Derivatives Report 14/09/21

Market Commentary Iron ore declined for a fifth day to $120 as production curbs in China continue to weigh on demand. Power rationing is limiting mill operations and China has brought forward its target for steels cuts. According to Bloomberg Intelligence, production between August and December is estimated to fall by 10% from a year …