Ferrous Market
– Brazil iron ore July export 33.99 million tonnes up 13% from June.
– China 45 ports arrivals at 25.28 million tonnes, up 1.61 million tonnes. Northern six ports arrivals at 13.96 million tonnes, up 1.09 million tonnes.
– Mysteel iron ore deliveries at 23.73 million tonnes previous week, down 815,000 tonnes w-o-w. Australia deliveries 16.69 million tonnes, down 511,000 tonnes. Brazil iron ore deliveries 7.04 million tonnes, down 304,000 tonnes. Global iron ore deliveries at 30.33 million tonnes, down 1.16 million tonnes.
Coal Market
– South Africa Customs: H1 South Africa coal export 34.82 million tonnes, down 3.95 million tonnes, down 10.2%. June coal export 6.23 million tonnes, down 6.3% y-o-y.
SGX Iron Ore 62% Futures& Options Open Interest(Aug 4th)
– Futures 70,044,600 tonnes(increase 451,500 tonnes)
– Options 101,099,600 tonnes(increase 5,725,000 tonnes)
Verdict
– Short-term consolidate in high level.