Category archives: Products
Steel & Scrap
Oil market waits for data for pre-holiday direction
All eyes for signs of potential demand recovery are on data announcements due on Tuesday from the American Petroleum Institute, from the US government’s Energy Information Administration on Wednesday, and from the key 4 July holiday, when increased travel is expected. A Reuters poll showed analysts expect U.S. crude oil stockpiles fell from record …
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Capesize breaks the $30,000 level on robust shipping demand
It was another a bullish day for Capesize rates as the $30,000 level was broken due to firm shipping demand in moving iron ore cargoes. With the return of Chinese trade participants from holidays, the Capesize 5 time charter average surged by $1,137 day-on-day to $30,778 on Monday. The Baltic Dry Index (BDI) then peaked …
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Fertilizer Financial Markets Commentary/Curves
Iron Ore Offshore July 20 Morning Technical Comment – 240 Min Chart
Morning Oil Note 30/6/20
The Brent crude futures for September fell 24 cents, or 0.6%, to $41.61 a barrel by 0610 GMT, paring Monday’s 92 cent gain. The August contract, which expires on Tuesday, fell 24 cents to $41.47. U.S. crude was down 33 cents, or 0.8% at $39.37 a barrel. A Reuters poll showed analysts expect U.S. crude …
DCE flattens for second day amid slow season
Chinese futures fell for the second consecutive day due to market concerns over lower steel demand the rainy season. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, went down slightly by RMB 3.50 or 0.47% day-on-day at RMB 744.50 per tonne on Tuesday. The steel rebar contract on …
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