Daily Virtual Steel Mill Report 6/9/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         China PM Li Keqiang indicated to explore and develop carbon emission industry and environment protection industry, and control high energy consumption and emission. ·         U.S. new added job roles 235,000, estimated 733,000, last 943,000. The significant low expectation would potentially slow down the exit of T-Bond …

FIS Morning Report Tanker FFA 06-09-2021

News Headlines: OIL DAYBOOK EUROPE: Saudi Arabia Cuts Prices to Asia; NOC Chair (Bloomberg) Saudi Arabia cut oil prices for sales to Asia next month by more than twice the expected amount in a sign the world’s largest crude exporter wants to entice buyers to take more of its barrels. * OIL FUTURES: Oil Extends …

FIS Singapore Iron Ore Derivatives Report 03/09/2021

Market Commentary Iron ore futures rebounded on Friday from its three days fall as investors assessed the construction activities will improve in the coming weeks thus the optimistic market sentiment, despite government strengthened up to curb steel production and pollution. Meanwhile, over 20 Chinese steel mills have issued maintenance plans in September according to Beijing …

ENGINE: East of Suez Bunker Fuel Market Update 3/9/21

Bunker prices are rising today across East of Suez ports as Brent has gained 2% in the past day.   Changes on the day to 16.00 SGT (08.00 GMT) today: VLSFO prices up in Fujairah ($11/mt), Zhoushan and Singapore ($10/mt) LSMGO prices up in Fujairah ($14/mt), Zhoushan ($13/mt) and Singapore ($12/mt) HSFO380 prices up in …