Daily Virtual Steel Mill Report 25/10/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         China state council researched to support wind based electricity, solar based electricity and to increase utilize advanced smart power grid technology. To control coal, steel, electrolytic aluminum, cement, and petro-chemical projects investments. To support green and low carbon consumption program development. ·         China financial department drafted …

Morning Oil Report 25/10/21

At 10:28 am Singapore time (0228 GMT), the ICE December Brent futures contract was up 64 cents/b (0.75%) from the previous close at $86.17/b, while the NYMEX December light sweet crude contract was 84 cents/b (1%) higher at $84.60/b.   Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply …

Morning Tanker FFA Report 25/10/21

News Headlines:   Oil prices extend gains to multi-year highs on tight supply (Reuters) Oil prices climbed on Monday, extending pre-weekend gains to hit multi-year highs as global supply remained tight amid solid fuel demand in the United States and elsewhere in the world as economies pick up from coronavirus pandemic-induced slumps.   To view …

FIS Singapore Iron Ore Derivatives Report 22/10/2021

Market Commentary Iron ore found some support and rebounded on Friday on recovered China imported iron ore prices and sales after days of softening. At the moment higher grade iron ore productions demand has recovered modestly with comparably healthy steel margins. From market source, some physical traders purchased Brazilian ore to bet on its higher …