*Surge in European Cases Dampens Sentiment An increase in cases across the continent is threatening the recovery of Europe, as a second wave gains momentum. France, Spain and Germany have all recorded jump sin the number of infected persons, with Spain being the worst hit as cases climbed to 1772 in the last 24 hours. …
Category archives: Products
Another zenith for iron ore prices
A total of 1.839 million mt of iron ore was exchanged hands for the week ended Aug 7, slightly lesser than last week, with Australian fines accounting most of the trades. BHP’s Yandi fines garnered most of the market share at 25.55%, followed by Pilbara Blend Fines (PBF) at 22.25% and Brazilian Blend fines coming …
Capesize rate inches up on mixed outlook
Capesize rate gained on mixed market outlook amid robust iron ore demand and oversupplied vessels market. The Capesize 5 time charter average gained slightly by $51 day-on-day to $20,434 on Thursday, after a rebound in market from better Pacific market. Thus, the Baltic Dry Index (BDI) also went up higher by 1.69% day-on-day to 1,500 …
Steel & Scrap Morning Report
DCE loses steam after week-long rally
Iron ore futures came under pressure on Friday and suffered a correction, ending a week of bullish gains. The most-traded iron ore for September delivery on China’s Dalian Commodity Exchange dropped by 1.05% or RMB 9.50 day-on-day to RMB 896 per tonne on Friday. As such, the Shanghai Futures Exchange also dropped slightly by 0.60% …
Iron Ore DCE September Daily Technical Review Aug 7th
Verdict – Short-term neutral to bearish. DCE iron ore September is expected to roll to January contract as major contract next Monday. The U.S. China tension once again linked commodities sector and equity very closely. Iron ore in general in a sentiment to test low. DCE iron ore evaporated 35,000 lots of positions which were …
Continue reading “Iron Ore DCE September Daily Technical Review Aug 7th”
Fertilizer Financial Markets Commentary/Curves
Daily Ferrous Physical Review Aug 7th
Ferrous Market – Mysteel 45 major ports iron ores inventory 113.46 million tonnes, down 569,600 tonnes w-o-w. Daily evacuation 3.16 million tonnes, up 50,000 tonnes w-o-w. Austrilian iron ores inventory 61.24 million tonnes, down 1.3979 million tonnes w-o-w. Brazil iron ores inventory 26.53 million tonnes, up 810,900 tonnes w-o-w. 168 ships at ports up 9 …
Morning Oil Note 7/8/20
Good morning all. Brent crude fell 6 cents, or 0.1%, to $45.03 at 2:46 am GMT, while WTI crude futures slipped 2 cents to $41.93 a barrel. The resurgence of coronavirus infections remains the main uncertainty in the oil market, as that will determine how fast fuel demand rebounds. Tallies show infections in the United States are …
Supramax & Handysize FFA Daily Report
Click below link for Supramax & Handysize FFA Report For more information on Dry Freight FFAs please contact: info@freightinvestor.com London +44 (0) 20 7090 1120 Singapore: +65 6535 5189 Shanghai: +86 21 6335 4002 Dubai + 971 4 449 3900