FIS API Blog
Zinc retreated from its highest close since February as pandemic-driven supply disruptions ease. Zinc’s backwardation on the London Metal Exchange narrowed Tuesday in a sign that supply is set to recover. Mines are gradually resuming production as virus restrictions ease and Chinese smelters are boosting runs. Investors will focus on China’s policy-setting National People’s Congress …
Continue reading “Zinc Falls From 3-Month High on Rising Supply”
China may tighten Australian coal imports amid recent tensions between the two countries, according to a daily note from China Coal Market, which is affiliated with China Coal Transport and Distribution Association. * If the curbs are put in place, Australian coal prices will be hit, said the note * NOTE: China targeted Australian coal …
Continue reading “China May Tighten Australian Coal Imports Amid Tensions”
Iron ore is on an extraordinary rally this month as growing optimism about China stimulus fuels a market already concerned about one of its biggest suppliers. The futures contract in China has surged more than 16% in May alone as stronger-than-expected demand combined with Brazil’s emergence as the world’s new coronavirus hotspot, spurring concerns that …
Continue reading “Iron Ore Gains as Mills Shell Out Premium in Tight Market”
May 19 — China was India’s largest purchase of iron ore in the fiscal year ended March 31, and the buyer reportedly has plans to import even more ore from the sub-continental Asian nation. China bought 30.8 million tons of iron ore from India during the period, two and a half times more than the …
Continue reading “China Is Now India’s Biggest Iron Ore Buyer, And Wants to Import More”
