Good morning. Oil is lower today with the virus weighing on demand again. Cases rose in the United States and other places, leading some countries to resume partial lockdowns that could hurt fuel demand. Brent dropped 81 cents, or 2%, to $40.21 a barrel by 0653 GMT, while U.S. was at $37.74, down 75 cents, or …
Category archives: News
DCE drops despite return of Chinese participants from holidays
Chinese futures slipped downward despite the return of Chinese participants after a long holiday. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, went down by RMB 29 or 3.79% day-on-day at RMB 736 per tonne on Monday. The steel rebar contract on the Shanghai Futures Exchange followed suite …
Continue reading “DCE drops despite return of Chinese participants from holidays”
Brent August 20 Morning Technical Comment – 240 Min
BHP makes first blockchain trade with Baosteel
BHP completed its first blockchain iron ore trade with China Baoshan Iron & Steel worth around 14 million mt on Monday. The transaction was done via MineHub platform for June delivery and the platform process included contract terms, exchanged digital documents and provided real-time cargo visibility. Keeping its promise Thus, BHP had kept its …
Continue reading “BHP makes first blockchain trade with Baosteel”
FIS Coking Coal, London Report
Fuel Oil Daily Evening Report
Capesize & Panamax FFA Daily Report
Supramax & Handysize FFA Daily Report
Iron Ore, Unsustainable above USD 100?
Oil Through the Looking Glass 26/6/20
Russia goes full circle The global oil plunge started with increased output as Saudi Arabia and Russia locked horns over production cuts. Four months down the line and multiple cuts Russia have gone full circle with exports of its Urals crude oil grade set to drop significantly next month. Asian Buying interest failing countered …