Monthly archives: August 2020

Daily Ferrous Physical Review Aug 12th

Ferrous Market –    MySteel Australia and Brazil iron ore total delivery at 24.05 million tonnes, up 322,000 tonnes. Australia iron ore delivery 16.44 million tonnes, down 246,000 tonnes w-o-w. Australia delivery to China 14.29 million tonnes, up 734,000 tonnes w-o-w. Brazil iron ore delivery 7.6 million tonnes, up 568,000 tonnes w-o-w. Global iron ore delivery …

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Oil Through the Looking Glass 11/8/20

*Asian Refiners Grappling with Difficult Outlook A massive reduction in product demand, especially jet fuel, coupled with the increasing supply of crude into the market from OPEC is creating a challenging market environment for Asian refiners. Margins for Asia based refiners have been harder hit than other regions as closed arbs, and increased exports from …

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Slow start to Capesize in view of holidays

Capesize rates slipped on the short week, with public holidays in Singapore and Greece that affected shipping activities. The Capesize 5 time charter average thus dipped by $215 day-on-day to $19,697 on Monday, in view of lacklustre physical market. Despite the weakness of Capesize, the Baltic Dry Index (BDI) gained slightly by 0.33% day-on-day to …

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DCE rebounds on lesser mainstream supply

Iron ore futures rebounded on Tuesday, after recent losses as the exchange issued a statement last week urging market participants to trade rationally. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange gained by 2.33% or RMB 19 day-on-day to RMB 834 per tonne on Tuesday. However, the Shanghai Futures Exchange dropped …

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