*Geopolitical Angst and Rising Virus Cases Weigh in Market The escalating tensions between China and the United States has left the market shaky. The consulate closing dispute is the latest move by the two countries which started with a trade war last year. According to data from John Hopkins University, global COVID-19 case counts have …
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DCE drops on market uncertainty and rising US-China tension
Iron ore futures slid on start of the week, continuing the correction phrase seen last week on bearish market sentiments and rising US-China tension. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange dropped by 1.99% or RMB 16.50 day-on-day to RMB 814.50 per tonne on Monday. Following the drop, the steel …
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Steel & Scrap
FIS Fuel Oil Morning Report 27/07/2020
Brent futures were down 8 cents/b, or 0.18%, to $43.26/b by 3:15 am GMT, while WTI futures were down by 4 cents/b, or 0.1%, at $41.25/b. The drop of oil prices mirrored moves in broader financial markets in Asia amid concerns about escalating tensions between the world’s two biggest economies following the closures of consulates …
Fertilizer Financial Markets Commentary/Curves
London Iron Ore Market Report
Supramax & Handysize FFA Daily Report
Capesize & Panamax FFA Daily Report
Fuel Oil Daily Evening Report
Iron ore futures sink as stockpiles rise
Iron ore futures sank to 106 in London on Friday as stockpiles in China expanded yet again. Inventory at ports rose by 2.78 million tonnes on week to 113.25 million tonnes, according to Mysteel data. Material from both Australia and Brazil climbed, with the latter gaining more than 5%. This was further exacerbated by the …