Singapore Iron Ore Derivatives Report 30/10/2020

Iron Ore Market Update Market Commentary Iron ore futures rallied to $116 in London morning as investors continued to assess rising port stockpiles against the strength of China’s steel market as the country continues its recovery from the coronavirus pandemic. Iron ore futures were initially lower in Asia as the latest MySteel data showed that …

Morning Oil Report 30/10/20

Brent crude slipped for a third day and was down 51 cents, 1.4%, at $37.14 a barrel by 0628 GMT after touching a five-month low in the previous session. December Brent contract expires on Friday. U.S. West Texas Intermediate (WTI) crude declined 48 cents, or 1.3%, to $35.69 a barrel after dipping to its lowest …

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 …

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/