Monthly archives: May 2020

China’s tariff threats on Australian barley force farmers to pause mid-planting

China’s tariff threats on Australian barley force farmers to pause mid-planting Australian grain farmers have stopped sowing barley mid-stream in some paddocks as they brace for lower prices and the prospect of losing a major market in a brewing trade storm. At the weekend, farmers were told by Australian grain groups that China was proposing …

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Recovery Quickens as PBOC Vows Support

Recovery Quickens as PBOC Vows Support Chinese industrial commodities began the week on the front foot after the central bank pledged more powerful policies to combat the coronavirus’s hammer blow to growth. The evidence of the past few days, from shrinking crude and metals stockpiles, to the rebound in car sales and usage, suggest that …

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FIS Technical – DCE Iron Ore Sep 20

FIS Technical –  DCE Iron Ore Sep 20 Upward price action has put the futures above the 8—21 period EMA’s and the RSI above 50. The EMA’s themselves remain flat with price below both the 55 and 200 period MA’s. CNY 625.8 remains a key technical level, price action that fails at or below this …

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China’s April Soybean Imports Fall to Lowest in Five Years

China’s April Soybean Imports Fall to Lowest in Five Years Soybean imports by China fell 12% in April from a year earlier on delayed loadings from top supplier Brazil and as the coronavirus pandemic hurt demand from restaurants. * The country shipped in 6.7 million tons in April, compared with 7.6 million tons in the …

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Ship Fuel Supply May Rise as Virus Hits Other Oil Products

Ship Fuel Supply May Rise as Virus Hits Other Oil Products The demand destruction in transportation fuels caused by the coronavirus pandemic is providing an incentive to produce more IMO 2020-compliant ship fuel, according to a report from Energy Aspects dated April 30. Decline in jet fuel demand could easily push up diesel yields by …

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Oil Tankers Drag Out Sailing Times as Surplus Snarls Ports

Oil Tankers Drag Out Sailing Times as Surplus Snarls Ports When the supertanker New Vigorous arrived at the port of Antifer in northern France last Saturday, it made a small bit of maritime history. The vessel, laden with 2 million barrels of crude, became the first in almost two years to make the voyage from …

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