FIS API Blog
Saudi Arabia’s loss of oil market share in China last month to Russia and Iraq is likely to be fleeting, with analysts saying shipments from the kingdom to Asia’s largest economy are rebounding in May. Saudi crude exports to China could more than double to 10 million tons this month from April, according to ship-tracking …
Continue reading “Saudi Loss of China Oil Market Share Likely Brief, Say Analysts”
Wheat futures headed for their biggest weekly loss in a month on prospects for record global stockpiles, though prices held just above $5 a bushel on Friday with some areas still dry and on demand from importers. The July rice contract rose for a ninth day on tightness in U.S. old crop supplies. Soybeans advanced …
Continue reading “Wheat Set for Worst Week in a Month on Record Stockpile Outlook”
I own a springer spaniel called Molly, she is small and gentle and knows never to pick a fight with a bigger dog as she was on the losing end of an altercation a few years back. The Australian government has an economy that is largely dependent on exports to China, not just minerals, but …
Continue reading “Is Australia the fall guy for the China – U.S. phase one trade deal?”
FIS Supramax Technical Report The index remains between support and resistance as it continues to edge higher on the back of the divergence. Momentum indicators would suggest the technical remains vulnerable to further tests to the downside. However price action has produced 5 waves down that have ended in a divergence suggesting the downside phase …
* China will implement phase 1 trade deal with U.S. – COFCO exec * China needs to use huge soybean stocks from May-Sept -COFCO exec * Bad soybean crush margins to remain – COFCO exec * China’s soybean imports in 2019/20 seen at 87.50 mln T -exec * U.S. imports to be 13.70 mln T …
Continue reading “China likely to speed up buying of U.S. farm goods – COFCO exec”
Chinese futures continued to rally for second consecutive day on higher production and margins. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, hiked by 1.09% to RMB 647.50 per tonne at Thursday. On the contrary, the steel rebar contract on the Shanghai Futures Exchange had slid slightly with …
Continue reading “DCE rebounds for the second day on better output”
Wheat futures in Chicago tumbled for a fifth day in the longest losing streak since January, dropping below $5 a bushel to the lowest in two months, on prospects for ample global supplies. Soybeans retreated for a third day, while corn eased as tensions between the U.S. and China over the coronavirus pandemic rekindled concerns …
Continue reading “Wheat Heads for Worst Run Since January as Crop Futures Decline”
Capesize freight rate reached another low due to bearish market sentiment in both the Pacific and Atlantic basins. The Capesize 5 time charter average dived down further toward the $2,000 level on Wednesday, at $2,082, down $811 on-day. The lengthy ballaster tonnage list remained hard for the market to digest, which prompt some shipowners to …
Continue reading “Another low for Capesize rates due to long ballaster list”
The fact that the Colombian government feels the need to militarize the border tells us all we need to know about the Covid-19 situation in Brazil. Fast becoming a global hotspot, neighbouring nations are become increasingly concerned by the country’s failure to tackle the pandemic with the same aggressive tactics that we are seeing internationally. …
Continue reading “Is Brazilian iron ore supply about to come under pressure?”
Iron ore futures steadied as investors focused on measures in China to shore up economic growth, as well as the outlook for demand. The People’s Bank of China recently vowed to deploy “more powerful” policies, without giving further details on what measures it will use, and key government meetings starting next week may approve more debt sales among …
Continue reading “Iron Steady With Focus on China Stimulus, Steel Output”
