Category archives: Products

DCE rebounds from one-month low despite mixed outlook

 Iron ore futures rebounded from previous one-month low amid high port inventory that affected iron ore demand. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange was flattish and booked a small gain of 0.20% day-on-day to RMB 768 on Tuesday. Similarly, the steel rebar contract on the Shanghai Futures Exchange …

Continue reading “DCE rebounds from one-month low despite mixed outlook”

Morning Oil Report 27/10/20

Brent crude was up 19 cents, or 0.5%, at $40.65 a barrel by 0324 GMT. WTI gained 15 cents, or 0.4%, at $38.71 a barrel. Both contracts fell more than 3% on Monday. Although oil was up this morning, there are still many unanswered questions regarding the extent of the relief package that will be …

Continue reading “Morning Oil Report 27/10/20”

Capesize rates reverse into losses over weak iron ore demand

Capesize freight rates dropped over market concerns over slowing iron ore demand and weakness in the paper and bunker markets. Thus, the Capesize 5 time charter average dipped by $445 day-on-day to $18,304 on Monday, following a selloff session. The Baltic Dry Index (BDI) followed the downtrend and dropped by 0.92% or 13 points day-on-day …

Continue reading “Capesize rates reverse into losses over weak iron ore demand”

London Iron Ore Derivatives Report 26/10/2020

Click below link to view the London Iron Ore Report   https://fisapp.com/wp-content/uploads/2020/10/FIS-Iron-Ore-London-Report-26102020.pd   For more information please contact   FIS Iron Ore Desk ferrous@freightinvestor.com London Number +44 (0) 207 090 1120 Singapore: +65 6535 5189 Shanghai: +86 21 6335 4002

Singapore Iron Ore Derivatives Report 26/10/20

Market Commentary Iron ore extended its losses on Monday as investors weighed supply and demand, while casting a watchful eye on China’s Communist Party plenum. Iron ore port inventories rose for a seventh consecutive week last Friday to hit an 8-month high. In addition, there are growing signs that the strength of demand is wavering …

Continue reading “Singapore Iron Ore Derivatives Report 26/10/20”

Oil Through the Looking Glass 26/10/20

*Libya Lifts Force Majeure On El Feel Oil Field on Way To 1 Mil B/D Output* The El Feel oil field, also known as the Elephant, has had the force majeure lifted. The 70,000-bpd field is ramping up production to reach the target of 1 million barrels per day which would double current levels of …

Continue reading “Oil Through the Looking Glass 26/10/20”