Author archives: Edward Hutton

Positive Outlook from U.S. Steelmakers

A traumatic start to the year for U.S. steel makers may now be behind them after some of the largest producers offered positive outlooks for the rest of the year.   Non-residential construction in the U.S has remained resilient compared to the consumer sector in recent months. With it looking increasingly like the worst of …

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China Continues to Purchase U.S. Agricultural Products

Following talks in Hawaii this week China intends to increase purchasing of U.S agricultural products as it tries to meet its obligations to the phase one trade deal.   The world’s largest soybean importer is playing catch up after falling behind due to the COVID-19 pandemic. An unnamed source told Bloomberg news that the Chinese …

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Oil Through the Looking Glass 19/6/20

*China’s New 0.5% Contract* The new contract will launch Monday on the Shanghai International Energy Exchange (INE). This development follows the news that 20 Chinese refineries are ready to provide the new IMO compliant fuel. China removed a consumption tax on fuel oil this year and issued its first-ever supply quotas for 10 million tonnes …

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Iron Ore Held in Check

Iron ore futures remain unchanged overnight Weds/Thurs with the July futures holding above USD 101.00 level (as of 06.15 UK time) having traded as low as USD 99.41. The world’s seconds largest commodity by volume followed the Shanghai Composite index in a holding pattern as traders wait in anticipation of the next round of RRR …

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