FIS API Blog
Verdict – Short-term neutral. DCE iron ore rebounded during the day. However iron ore created lower highs and lows over this week, indicating the consolidation area is narrowing. A rejection on 851.5 would stuck iron ore in consolidation area. The test low area is from 807.5- 820.0, where iron ore saw strong support. From hourly …
Continue reading “Iron Ore DCE January Daily Technical Review Aug 14th”
Ferrous Market – Arcelor Mittal planned to build a 1.5 mtpa EAF furnace in AM/NS Calvert, a U.S. steel mill. – China eastern cement price up 30 yuan to 370 yuan, reached the high before rainy season in July. Cement in eastern areas up 50 yuan in total in August. – Mysteel 45 major ports …
Please click below to view the report https://freightinvestorservices.com/wp-content/uploads/2020/08/130820Fuel-Oil-Swap-Daily-Report.pdf For more information please contact FIS Oil Desk info@freightinvestor.com UK number: +44 (0) 207 090 1134 Shanghai number: +86 (0)21 63012568
* Physical scrap concluded at $285/t CFR for HMS 80:20 Physical scrap continues to move higher with fixtures completed over the last week at $285/t CFR for HMS 80:20 material. Both Baltic and US based sellers have been reported as transacting with the most recent fixture by a Baltic-origin deal concluded at $285/t CFR for …
*US Demand Rebounds The EIA reported yesterday that US crude, gasoline and distillate stock levels all dropped last week even with an increase in refinery production. This shows us that American demand for crude and oil products is finally looking like it is bouncing back. Refinery utilisation was up 1.4% to 81% of total capacity, …
Capesize rates firmed on better market sentiments with freight rates getting some support from the port congestion situation in China. Thus, the Capesize 5 time charter average inched up by $135 day-on-day to $19,339 on Wednesday, with a late rally in Sep and Q4 contracts that added to bullish market tone. Thus, the Baltic Dry …
Continue reading “Capesize rates getting support from port congestion”
Please click below to view the report
