*UAE’s Breach of OPEC Output Pact Shakes Oil Traders’ Faith* Just as OPEC+ seemed to have output quotas under control, the UAE has admitted to oversupplying in both July and August amidst uncertain pricing level for the crude benchmarks. This has traders wary of what the rest of the year will bring according to Bloomberg …
Category archives: News
Oil and Ore Intraday Morning Technical 14/9/20
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DCE rebounds on better market outlook
Iron ore futures closed higher on Monday, rebounding from last week losses due to better market outlook. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 2.41% day-on-day to RMB 848.50 per tonne at start of the week. The steel rebar contract on the Shanghai Futures Exchange then bounced …
FIS-DAILY AGR-FREIGHT REPORT 14/9/20
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Capesize rates bottom out on market optimism
Capesize freight rates rebounded from losses as trade sources believed that the market had bottomed out. Thus, the Capesize 5 time charter average spotted a small rise of $173 day-on-day to $15,248 on Friday, on better market optimism. The Baltic Dry Index (BDI) then stayed flattish and went down slightly by 0.16% or 2 points …
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Freight Intraday Morning Technical 14/9/20
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Steel & Scrap Morning Report 14/9/20
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Fertilizer Financial Markets Report 14/9/20
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Morning Oil Report 14/9/20
Good morning all. Brent crude futures gained 9 cents or 0.2% to $39.92 per barrel, whereas the US WTI was up 18 cents or 0.5% to $37.51 per barrel as Storm sally prepares to for landfall in the US. Last week was a rollercoaster of a ride for crude that was unable to firm …
London Iron Ore Market Report 11/9/20
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