FIS API Blog
Iron ore futures moved above $99 on restocking ahead of the Chinese holiday. It was a busy day for iron ore traders as a flurry of trades were transacted as steel mills look to restock ahead of the Dragonboat festival holiday on Thursday and Friday. Some trade sources are expecting more spot supply …
Continue reading “Pre-holiday restocking lifts iron ore futures”
*Sell Navarro, Buy Trump* The age-old trader saying of buy the rumour and sell the fact has a new variation in the market today. This centre’s around the confusing events of the US President and his trade advisor Peter Navarro. Navarro told Fox News in an interview that the trade deal with China was ‘over’; …
After a strong rally last week, Capesize rates started on a slow with some selling pressure amid the short trading week. Thus, Capesize 5 time charter average dropped slightly by $147 day-on-day to $25,364 on Monday, after some jitters in the morning session about the strength of C3 market. Due to the selling pressure in …
Chinese futures continued to slide for the second consecutive days as the market headed toward correction after the rally last week. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, decreased slightly by 0.33% to RMB 757 per tonne on Tuesday. The steel rebar contract on the Shanghai Futures …
Good morning all. Brent crude fell 26 cents, or 0.6%, to $42.82 a barrel by 0545 GMT, after earlier skidding to a session low of $42.21. U.S. oil was down 38 cents, or 0.9%, at $40.35 a barrel, having dropped to a low of $39.76. Prices dropped last night after Navarro told Fox News in …
Prices dropped last night after Peter Navarro told Fox News in an interview that the trade deal with China was ‘over’, linking the breakdown in part to Beijing not sounding the alarm earlier about the outbreak of the Coronavirus. These worries were calmed by assurances from the President and White House that the agreement …
Continue reading “What the US takes away, Russia gives back”
