Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): …
Monthly archives: October 2020
DCE drops on mixed market outlook
Iron ore futures opened high before plunging at the close, as the market digested the economic data from China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then dropped slightly by 0.38% day-on-day to RMB 781 per tonne on Monday. The steel rebar contract on the Shanghai Futures Exchange also …
Oil and Ore Intraday Morning Technical
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): …
Fertilizer Financial Markets Commentary/Curves
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): …
Continue reading “Fertilizer Financial Markets Commentary/Curves”
Morning Oil Report
Brent crude for December slipped 15 cents, or 0.4%, to $42.78 a barrel by 0405 GMT. WTI for November was at $40.70 a barrel, down 18 cents. The fall in oil was sparked by the smaller than expected rise in economic growth in China, with the underlying cause for concern being the increasing global coronavirus …
Capesize rates plunge on thin market activity
Capesize freight rates were subdued toward the end of the week, following the selloff in paper markets and thin physical market. The Capesize 5 time charter average dropped by $1,785 day-on-day to $19,952 on Friday, as the physical market showed no signs of improvement. Due to weak freight market, the Baltic Dry Index (BDI) plunged …
Continue reading “Capesize rates plunge on thin market activity”
Iron Ore DCE January Daily Technical Review Oct 19th
Verdict – Short-term bearish. DCE iron ore tested high below 809.0 on Friday night session, however corrected deeply during Monday. From hourly chart, the rejection around 809.0 area indicated iron ore shift back to bearish territory. Iron ore potentially test 751.5, which was a three month low level. CCI rebounded from the lowest level last …
Continue reading “Iron Ore DCE January Daily Technical Review Oct 19th”
Daily Ferrous Physical Review Oct 19th
Ferrous Market – Steelbank Inventory: construction steel inventories 6.73 million tonnes, down 7.94% w-o-w. HRC 6.38 million tonnes, down 4.83%. – World Steel Association: 2o2o Global steel demand down 2.4% y-o-y to 1.725 billion tonnes. Year 2021 steel demand recovered to 1.795 billion tonnes, up 4.1% estimated. – MySteel 45 ports iron ore inventories at …
European Close 16-10-20
Is the market taking a rest, or is it bullish? This is the question that traders need to ask when looking at the iron ore. Four bearish days have been capped by two bullish days (one bullish and a push into the night session) with the futures up 1.6% at USD 116.76, this would suggest …
London Iron Ore Market Report
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): …