FIS API Blog
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”
Ferrous Market Updates – MySteel 45 ports iron ore inventory at 107.81 million tonnes, up 1.64 million tonnes w-o-w. Daily evacuation 3.20 million tonnes up 93,800 tonnes w-o-w. Australia iron ore on ports at 61.34 million tonnes up 619,000 tonnes w-o-w. Brazil iron ore on ports at 21.73 million tonnes up 402,500 tonnes w-o-w. – …
Australian medium grade fines kept its high popularity status among Chinese buyers for the week ended on 26 Jun 2020. The short trading saw a total of 2.4 million mt iron ore exchanged hands, up 21.26% on-week from previous week volumes at 1.9 million mt. New platform for iron ore trading The uptick of …
Continue reading “PBF purchases remain popular among Chinese mills”
It is the panacea for all markets, the biggest factor that could help us recover some sense of normality, the only thing that will bring a smile to suppliers across the world. It is, of course, increasing demand. The virus has caused huge disruption and left markets unable to react quickly enough to counteract …
Chinese futures remained stagnant in the view of the Dragon Boat festival in the Jun 25-27 period. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, were unchanged day-on-day at RMB 771 per tonne on Thursday. Similarly, the steel rebar contract on the Shanghai Futures Exchange was flat at …
Continue reading “DCE off for Dragon Boat festival holidays”
