Monthly archives: May 2020

Shine, shine, shine a light

We are seeing History in the making when the European Union announced its 750 billion- Euro ($824 billion) recovery package, aimed at boosting economic growth and creating a swathe of new jobs. The capital injection will have global financial markets breathing a sigh of relief, following the commitment from China at the Two Session to …

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Iron ore futures surge as inventories dive

Iron ore futures advanced again on Thursday amid ongoing supply concerns from Brazil.   Brazilian miner Vale is the subject of an anti-corruption lawsuit; with the company alleged to have hindered inspections at the site of a dam that was collapsed early last year.   Furthermore, it was reported that there had been a sudden …

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Capesize suffers from oversupply

Capesize market came under pressure again amid bearish market sentiment for June. Thus, the Capesize 5 time charter average went below $4,000 level again, after a drop of $334 to $3,786 on Wednesday. The volatile bunker market did not help to support the freight rates and thus the Baltic Dry Index went downhill by 0.79% …

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DCE rebounds on firm market fundamentals

Chinese futures rebounded today on tighter inventory and Chinese government’s stimulus for more white goods consumption. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, increased by 2.01% day-on-day to RMB 710.50 per tonne on Thursday. Likewise, the steel rebar contract on the Shanghai Futures Exchange also hiked up …

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Chinese Iron Ore Supply Once Again in Focus

CISA calls for increased production of domestic iron ore China iron and steel Association continue to focus on supply issues for the world’s second largest economy as it emerges from a forced lockdown that continues to blight countries around the world. Over a year after the Brazilian dam disaster which killed over 200 people; iron …

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Trade Tensions Keep Soybeans Muted

Soybean futures on the Chicago board of trade continued to remain muted on the back of an increasing blame gain from the White house over a phase one trade deal that looked to be the saving grace for U.S farmers after a prolonged stalemate between the U.S and Chinese Government. Global commodities and Soybeans alike …

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