Monthly archives: August 2020

Oil Through the Looking Glass 3/8/20

*Asian Fuel Oil Market News It is expected that the strong sentiment in the physical is to continue for VLSFO with lower arbitrage cargoes coming into Singapore. Imports for August are estimated to be 1.5 – 2 million tonnes, down from 2 – 2.5 million tonnes in July. This is also being driven by lower …

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Iron Ore DCE September Daily Technical Review Aug 3rd

Verdict – Short-term consolidate at high level. Iron ore rebounded during the first half hour by Asian morning, along with significant volume and open interest built. DCE iron ore September contract created yearly-high, the high of previous year was 924.5 created in Jul 16th, 2019. Most of commodities rebounded during this morning. However be aware …

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Daily Ferrous Physical Review Aug 3rd

Ferrous Market Updates –    Steelbank Inventory: rebar inventories 7.60 million tonnes, up 1.12% w-o-w. HRC 1.88 million tonnes, up 2.04%. –    China Mettallurgical Association statistics indicated Jun China iron ore concentrates 23.77 million tonnes, up 2.7% m-o-m. Jan – Jun iron ore production 130 million tonnes, down 0.3% y-o-y.  Glencore said it will lower coal …

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