FIS API Blog
Australian exports of wine, seafood, oatmeal, fruit and dairy are in danger of being targeted by China if Beijing decides to escalate a row over Canberra’s calls for an investigation into the origin of Covid-19, according to people familiar with the matter Chinese officials have compiled a list of potential goods that it could target …
Continue reading “China Mulls Targeting Australian Wine, Dairy on Coronavirus Spat”
Oil’s historic crash below zero looked increasingly like an aberration as the June contract rose for a fourth day in its last session of trading before expiring. Amid growing signs of a nascent recovery in demand, deepening production cuts and optimism that the world is getting closer to finding a vaccine for the coronavirus, futures …
Continue reading “Repeat of Oil’s Sub-Zero Plunge Unlikely as June Expiry Nears”
Iron ore futures extended gains for a third day to reach the highest since January as investors weigh strong domestic demand in China and supply worries from Brazil. The recovery in the production from steel mills in China is boosting sentiment, while iron ore port stockpiles declined to the lowest in more than three years …
Continue reading “Iron Climbs as Traders Eye Steel Demand, Supply Fears”
Freight prices jumped on Monday with front month Capesize futures up over 10% on anticipation of a large stimulus package out of China later this week. This created a knock-on effect into the smaller vessels with the Panamax front month futures up over 5%. Oil futures performed well with a USD 3.00 move higher, as …
Continue reading “Commodities Bounce Back on Chinese Stimulus Anticipation and Vaccine Hopes”
Aluminum will average $1,600 a ton this year, according to Fitch Solutions, which cut its forecast from $1,850 as demand prospects weaken. Global consumption will decline 1.1% this year due to disruption from pandemic, especially closures of major car manufacturers, according to note Demand in China will fall 2% NOTE: LME aluminum last traded at $1,470/ton; YTD …
Continue reading “Fitch Solutions Cuts Aluminum Outlook Amid Risks for Metals”
Soybean futures climbed as life gradually returns to normal in China with more people dining out and more schools reopening, a trend set to increase demand for everything from meat to cooking oil in the top consumer. Soybean meal futures in Dalian headed for their best daily gain since March. Restarting schools and restaurants is …
Continue reading “Soybeans Advance on Brightening Prospects for Demand in China”
