Russia goes full circle The global oil plunge started with increased output as Saudi Arabia and Russia locked horns over production cuts. Four months down the line and multiple cuts Russia have gone full circle with exports of its Urals crude oil grade set to drop significantly next month. Asian Buying interest failing countered …
Category archives: Products
PBF purchases remain popular among Chinese mills
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”
Brent August 20 Morning Technical Comment – 240 Min
Steel & Scrap
Fertilizer Financial Markets Commentary/Curves
Capesize rates slow down amid Chinese holidays
Capesize rates moved slower but gradually toward the $30,000 mark, due to the absence of Chinese trade participants during the Dragon Boat Festival holidays. Therefore, the Capesize 5 time charter average rose by $738 day-on-day to $29,395 on Thursday, despite some market concerns about the longevity of the C3 contracts. Strengthened by Capesize market, the …
Continue reading “Capesize rates slow down amid Chinese holidays”
FIS Fuel Oil Morning Report 26/06/2020
Good morning and happy Friday. Firstly a massive congratulations to the reds for winning their first title for 30 years! Oil prices rose in early trade on Friday, extending gains from the previous day on optimism about recovering fuel demand worldwide, despite surges in coronavirus infections in some U.S. states and indications of a revival …
Capesize July 20 Morning Technical Comment – 240 Min
Did Someone Mention Increasing Demand?
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 …
