Category archives: Products

Oil Through the Looking Glass 9/6/20

Easing of Lockdown Bounce Prices have been rising on Brent as hopes that the global recovery post covid-19 will be swift, bringing normal levels of demand back to the battered market. Prices on front month futures have pushed above the $40 level and even Goldman Sachs has raised its oil price forecasts to a $40.40 …

Continue reading “Oil Through the Looking Glass 9/6/20”

Has Iron Ore Reached its Top?

Consensus The consensus in the financial sector is that iron ore prices are looking overstretched. Almost daily we hear that supply will increase and demand will decrease in the second half of the year. If this is the case, then surely with over 100 million tons of inventory the upside is not limited, it is …

Continue reading “Has Iron Ore Reached its Top?”

DCE retreats from more Australian exports

Chinese futures retreated slightly today after a recent rally that supported by possible supply concerns in Brazil. As such, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, dropped by 1.03% day-on-day to RMB 769.50 per tonne on Tuesday. Following the decline, the steel rebar contract on the Shanghai …

Continue reading “DCE retreats from more Australian exports”

Oil Through the Looking Glass 8/6/20

Cuts and Imports It must be music to the ears of all oil producers: the oil guzzling Chinese mainland has increased their crude imports to all-time highs. Low prices have drawn Chinese buyers to boost imports, with purchases rising to 11.3 million bpd in May. If you throw in the news of the one-month extension …

Continue reading “Oil Through the Looking Glass 8/6/20”