Ferrous Market – MySteel 45 ports iron ore inventories at 127.63 million tonnes, up 3.48 million tonnes w-o-w. Daily evacuation 3.13 million tonnes, up 47,700 tonnes w-o-w. Australia iron ore 60.30 million tonnes, up 1.72 million tonnes w-o-w. Brazil iron ore 39.39 million tonnes, up 2.39 million tonnes w-o-w. 149 ships at ports, down 2. …
Monthly archives: October 2020
Evening Oil Report 29/10/20
Click below link for the Evening Oil Report Click below link for the September Monthly Report For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
Oil Through the Looking Glass 29/10/20
*Asian Buyers Boost Physical Oil as Pandemic Punishes Futures* Traders have a view that China and India have bolstered demand for physical oil even though prices are being hammered by oversupply and demand problems that are sending shockwaves through the oil market, with lows on Thursday touching $36.64 before bouncing back up at midafternoon. Chinese …
Singapore Iron Ore Derivatives Report 29/10/20
Market Commentary Iron ore futures were largely flat on Thursday as investors weighed rising global supplies against declining steel inventories. Fortescue Metals Group Ltd, the no. 4 exporter, said on Thursday that quarterly shipment climbed 5% and that it is considering options to increase cargoes from Australia. This came after Brazilian producer Vale is ramping …
Continue reading “Singapore Iron Ore Derivatives Report 29/10/20”
Agri-Freight Report 29/10/20
Click below link to view the Agri-freight report For more information please contact FIS Agri freight Desk luisf@freightinvestor.com London +44 (0) 207 090 1120 Direct +44 (0) 7543223444
Castaway Podcast Episode 30
FIS Castaway Podcast – Episode 30 British special forces got involved in the freight market this week, and there’s plenty other intelligence to share on this week’s podcast with Tom, Kerry and Chris. Website https://freightinvestorservices.com/blog/fis-castaway-eps-30-unprecedented-coverage-in-unprecedented-times/ Spotify https://open.spotify.com/episode/67OdEwmTBiPrYHGE5AK2rK?si=jdMgyYmZQvWeHN8xH1iovA And Itunes https://podcasts.apple.com/gb/podcast/fis-castaway/id1507094242#episodeGuid=84452f7a-f512-0998-3c7d-5ccf02ea70b5 Disclaimer: freightinvestorservices.com/castaway-disclaimer/
Morning Oil Report 29/10/20
Brent crude futures were up 4 cents, or 0.10%, at $39.16 a barrel. U.S. West Texas Intermediate (WTI) crude futures edged up 7 cents, or 0.19%, to $37.46 a barrel by 0517 GMT. Brent lost over 4.5% during Wednesday’s session. Hurricane Zeta looked like it was about to bring a welcome break in supply …
DCE inches up on better steel margins
Iron ore futures maintained its upward climb after recent rally, driven by better steel margins from anticipated stricter environmental curbs. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange booked a small gain of 0.71% day-on-day to RMB 779.50/mt on Thursday. Similarly, the steel rebar contract on the Shanghai Futures Exchange …
Capesize rates dip on selling pressures
Capesize freight rates dipped on selling pressure after the recent uptick in the physical market. Thus, the Capesize 5 time charter average fell by $725 day-on-day to $17,881 on Wednesday, after a fresh wave of selloff in the market. The Baltic Dry Index (BDI) went with the dip and dropped by 2.05% or 29 points …
Iron Ore DCE January Daily Technical Review Oct 29th
Verdict – Short-term neutral. DCE iron ore corrected slightly and however maintain in a consolidation area as yesterday expected. From hourly chart, slow stochastic and CCI both corrected from the high, indicating the last push was exhausted. In short run, a breakthrough on 788.5 area would bring back a new round of rebound. In mid-run, …
Continue reading “Iron Ore DCE January Daily Technical Review Oct 29th”