Verdict: • Short-run Neutral. Macro: • The Panama Canal Authority announced on August 5th that the maximum draft standard for ships passing through the canal will be raised to 49 feet from today. This standard has been raised again after being increased to 48 feet on July 11th, 2024. The Canal Authority explained that …
Category archives: News
FIS Fertilizer Market Report 06/08/24
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European Close 06/08/24
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Panamax Technical Report 06/08/24
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Supramax Sep 24 Morning Technical Comment – 240 Min 06/08/24
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Panamax Sep 24 Morning Technical Comment – 240 Min 06/08/24
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Capesize Sep 24 Morning Technical Comment – 240 Min 06/08/24
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Iron Ore Offshore Sep 24 Morning Technical Comment – 240 Min Chart 06/08/24
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Brent Oct 24 Morning Technical Comment – 240 Min 06/08/24
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Daily Virtual Steel Mill Report 06/08/24
Verdict: • Short-run Neutral. Macro: • Global equity market saw a “Black Monday” because of unwind on carry trades, which led to equity and some commodity drop. Nikkei index once dropped by 13%, created the biggest single day correction from 1987. However, traders bet on US emergent interest cut or market stimulus, which help …