FIS Morning Report Tanker FFA 25-06-21

News Headlines: UAE Could Become First OPEC Producer To Pledge Net-Zero By 2050 (OilPrice) If the Gulf oil producer joins major industrialized nations in the net-zero emissions commitments, it will become the first major petrostate to balance major emission-reduction goals with its important oil and gas industry. Around 30 percent of the country’s gross domestic …

FIS Singapore Iron Ore Derivatives Report 24/06/21

Iron Ore Market Update Market Commentary Iron ore futures retreated on Thursday over declining mills profitability in China. Steel margins in China took a beating following the nation’s high-profile crackdown on surging commodity prices. Rebar and hot-rolled coil futures have tumbled over 20% from the respective multi-year highs in May. The China Iron & Steel …