Iron ore futures fell on the close, despite opening high at the afternoon session before slumping toward the end, due to slower steel demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange went down by 0.63% day-on-day to RMB 786.50/mt on Wednesday. The steel rebar contract on the Shanghai Futures …
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Fertilizer Financial Markets Commentary/Curves
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Morning Oil Report 04/11/20
Brent remain choppy this morning as API data shows of a Crude draw in the US but the short-term outlook remained uncertain as the outcome of the US election remained as clear as mud. West Texas Intermediate was up 0.3%, at $37.67 a barrel by 0735GMT, after trading in a nearly $1 range. Brent crude …
Steel & Scrap Morning Report 04/11/20
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Capesize rates falls after short market rebound
Capesize freight rates plunged again after the recent rebound as bearish sentiment took over the freight market. The Capesize 5 time charter average then dropped by RMB 270 day-on-day to $15,445 on Tuesday, following a negative index. The Baltic Dry Index (BDI) also came under pressure and dropped by 1.64% or 21 points to 1,263 …
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Base Morning Intraday Note 04/11/20
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London Coking Coal Report 03/11/20
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European Close 3/11/20
Strong PMI figures in China have not filtered through to the DCE iron ore with price remaining below the RMB 806 level. A positive night session has seen the futures move RMB 8 higher, USD 1.18 for the Nov futures (+1.1%). Potentially this is nothing more than day traders positioning themselves for a potential change …
Capesize & Panamax FFA Daily Report
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Supramax & Handysize FFA Daily Report
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