Good morning all. Brent futures were up 40 cents, or 0.9%, at $44.80 a barrel at 3:01 am GMT, while WTI futures rose 50 cents, or 1.2%, to $41.72 a barrel. After a two-day losing streak, oil gained momentum as Saudi Aramco predicted demand will continue to improve through the rest of the year, …
Category archives: News
FIS LONDON COKING COAL MARKET REPORT
Fuel Oil Daily Evening Report
London Iron Ore Market Report
Supramax & Handysize FFA Daily Report
Oil Through the Looking Glass 7/8/20
*Surge in European Cases Dampens Sentiment An increase in cases across the continent is threatening the recovery of Europe, as a second wave gains momentum. France, Spain and Germany have all recorded jump sin the number of infected persons, with Spain being the worst hit as cases climbed to 1772 in the last 24 hours. …
Another zenith for iron ore prices
A total of 1.839 million mt of iron ore was exchanged hands for the week ended Aug 7, slightly lesser than last week, with Australian fines accounting most of the trades. BHP’s Yandi fines garnered most of the market share at 25.55%, followed by Pilbara Blend Fines (PBF) at 22.25% and Brazilian Blend fines coming …
Capesize rate inches up on mixed outlook
Capesize rate gained on mixed market outlook amid robust iron ore demand and oversupplied vessels market. The Capesize 5 time charter average gained slightly by $51 day-on-day to $20,434 on Thursday, after a rebound in market from better Pacific market. Thus, the Baltic Dry Index (BDI) also went up higher by 1.69% day-on-day to 1,500 …
Steel & Scrap Morning Report
DCE loses steam after week-long rally
Iron ore futures came under pressure on Friday and suffered a correction, ending a week of bullish gains. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange dropped by 1.05% or RMB 9.50 day-on-day to RMB 896 per tonne on Friday. As such, the Shanghai Futures Exchange also dropped slightly by 0.60% …