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Category archives: News
Oil Through the Looking Glass 9/9/20
*Oil Slides 5% to Lowest Levels Since June* Oil futures settled 5% lower yesterday with Brent dropping to $39.53 which was the lowest level since June, and WTI at 8% lower after Saudi Arabia announced price cuts to its October selling prices. The Aramco price cuts made WTI unattractive to Asian buyers said analyst Phil …
Capesize rates drag down by thin physical market
Capesize freight rates continued to slump on thin physical market that dragged down the paper market further. The Capesize 5 time charter average dropped by $210 day-on-day to $15,892 on Tuesday, due to lack of fixtures being reported. The Baltic Dry Index (BDI) then slumped further by 1.56% or 21 points day-on-day to 1,328 readings …
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DCE dips over cautious trading
Iron ore futures entered another correction phrase for the second consecutive days, following a market selloff at the close. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange plunged by 3.40% day-on-day to RMB 824.50 per tonne, after nosediving from a high opening. The steel rebar contract on the Shanghai …
Oil and Ore Intraday Morning Technical 9/9/20
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Steel & Scrap Morning Report 9/9/20
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Fertilizer Financial Markets Report 9/9/20
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Morning Oil Report 9/9/20
Good morning. Brent was down 25 cents or 0.6%, at $39.53 at 0455GMT after a drop of over 5% through Tuesday, with WTI down 0.8%, or 28 cents to $36.48 per barrel after a fall of 8% through Tuesday. We are seeing a good correction on crude at the minute, long overdue many might add …
London Iron Ore Market Report
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Supramax & Handysize FFA Daily Report
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