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 …
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Fertilizer Financial Markets Commentary/Curves
FIS LONDON COKING COAL MARKET REPORT
London Iron Ore Market Report
Capesize & Panamax FFA Daily Report
Supramax & Handysize FFA Daily Report
Fuel Oil Daily Evening Report
No more Samba for the week
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 rebounds upon market optimism
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% …
DCE ends the week in corrections
Iron ore futures continued its correction phrase as buyers found prices too high amid mixed market sentiments. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange dropped by 0.42% or RMB 3.50 day-on-day to RMB 826 a tonne on Friday. However, the steel rebar contract on the Shanghai Futures Exchange gained slightly …