FIS API Blog
American corn farmers are feeling better about their prospects with billions more in government aid and optimal growing conditions. There’s only one downer — demand. Much of the U.S. biofuel industry is still limping along even as the economy ramps up from coronavirus-related lockdowns. While some plants have switched to making hand sanitizer, that …
Continue reading “American Farmers Awaiting Bumper Corn Crop Need Ethanol Demand”
In the global iron ore market right now it’s a tale of two very different exporters. While mining majors in Australia are going flat out and the country may be shipping record volumes, rival Brazil has seen stunted flows with the coronavirus pandemic restraining operations. The contrasting fortunes of the pair — which between them account more than …
Continue reading “The Iron Ore Market Is Polarized as Australia Booms, Brazil Lags”
Cape Cal 21 v 22 Spread To view the full report please click on the
Iron Ore and Steel Market Updates – Turkey Iskenderun mill Koc Metalurji will extend suspension to July. KM produced 1.2 million iron ore mtpa, 550,000 tonnes of rebar annually. – Ukraine DCH group miner subsidiary Sukhaya Balka Jan – Apr production down 3.7% to 875,000 tonnes y-o-y. – CISA and Vale tele-conference suggest Vale currently …
Iron ore futures rallied above $98 on Tuesday on better Chinese outlook and ongoing supply concerns from Brazil. Iron ore port inventories have fallen to a four-year low as China moved past the coronavirus pandemic, prompting Chinese steel mills to ramp up output, boosting demand for iron ore. The latest Purchasing Manager’s Index for …
Continue reading “Iron ore “could continue to test new highs””
Chinese futures struggled to stay on positive after a selloff near closing that threatened to give up all the gains made in the morning session. Thus, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, went up slightly by 0.07% day-on-day to RMB 757 per tonne on Tuesday. Similar …
Capesize rates gained slightly despite holidays across Europe that took off several players out of the market. Despite of thin trading, the Capesize 5 time charter average hiked by $279 to $3,648 on Monday, without any noticeable change in the physical market. In the meantime, the Baltic Dry Index (BDI) had gained steadily to 520 …
Continue reading “Capesize rates hike up amid European holidays”
Brazil’s Vale SA expects iron ore shipments to China to rise in 2020, versus 2019, due to falling demand in other countries hurt by the coronavirus pandemic, according to a phone call between the miner and the China Iron and Steel Association. Production at Vale has not been impacted by the pandemic and it is …
Continue reading “Vale expected to ship more iron ore to China in 2020”
After a disastrous month for oil in April, stability has returned and we have seen a steady recovery of prices. This has had a knock on effect for all related products, pushing up values across the board. Towards the end of last month we had Rotterdam 3.5% below $100 and Rotterdam 0.5% below $200, but …
