DCE rebounds on higher steel output

Iron ore futures closed on the high due to increased steel production and stable steel demand in China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then rose slightly by 0.32% day-on-day to RMB 789 per mt on Tuesday. The steel rebar contract on the Shanghai Futures Exchange however, dipped …

Capesize rates under pressure from selloff

Capesize freight rates came under pressure in both basins with more selloffs in the paper market amid the soft physical market. The Capesize 5 time charter average dropped by $1,550 day-on-day to $18,402 on Monday, as the FFA touched new lows in the morning session of $15,950 for Nov contract, then $15,000 for Dec contract …

Oil and Ore Intraday Morning Technical

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Fertilizer Financial Markets Commentary/Curves

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Morning Oil Report 20/10/20

Brent crude futures dropped 32 cents, or 0.8%, to $42.30 a barrel by 0418 GMT, after falling 31 cents on Monday. WTI  futures fell 26 cents, or 0.6%, to $40.57 a barrel, after losing 5 cents on Monday. Despite rises in early morning trading, Brent entered the morning European window still in negative territory.   …

European Close 19-10-20

The November iron ore futures traded up to a high of USD 117.36 but failed to hold at these levels during the Asian day session, as concerns about increasing supply continue to linger. However, price is up 0.64% from the Singapore close (USD 116.20) but below the USD 1116.76 level that we were seeing on …

FIS LONDON COKING COAL MARKET REPORT

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