FIS API Blog
Lingering concerns over rising Coronavirus infections worldwide and its impact on demand continued to weigh on crude market sentiment and limit any upside. More than 14.5 million people have been infected by the novel Coronavirus globally and more than 604,000 have died of COVID-19, the disease caused by the pathogen, according to a Reuters …
Continue reading “Crude nervy on virus threat to US gasoline demand”
Iron ore futures closed at slight correction after a strong opening, only to sustain losses at the afternoon session due to rising port inventory. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange slipped by 0.31% or RMB 2.50 day-on-day to RMB 817 a tonne on Monday. Similarly, the steel rebar contract …
A total of 2.104 million mt of iron ore was exchanged hands for the week ended Jul 17, with Australian fines dominating the market with little presence of Brazilian ores. Australian Pilbara Blend Fines (PBF) garnered almost 40% or 39.11% of iron ore products share, while Jimblebar fines came in second with 18%, followed by …
Capesize rates ended its losing streaks and booked slight gains with improvement of shipping demands in both basins. The Capesize 5 time charter average went up $252 day-on-day to $24,639 on Thursday, as the Australian miners returned to the spot market. Given the Capesize uptick, the Baltic Dry Index (BDI) inched up slightly by 0.18% …
