Category archives: Products

FIS Daily Physical Review Jun 1st

Iron Ore and Steel Market Updates –    Tangshan brought out new air pollution restriction in June, will potentially affect 35,000 tonnes of pig iron production, equal to 12% lower on blast furnace utilisation rate in Tangshan. –    Steelbank Inventory: rebar inventories 7.49 million tonnes, down 4.24% w-o-w. HRC 2.21 million tonnes, down 6.93% w-o-w. –    …

Continue reading “FIS Daily Physical Review Jun 1st”

DCE rallies on good construction demand

Chinese futures rallied toward the end of the trading close, on higher construction steel demand and tighter inventory. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, jumped by 6.44% day-on-day to RMB 752 per tonne on Friday. Following the rally, the steel rebar contract on the Shanghai Futures …

Continue reading “DCE rallies on good construction demand”

Capesize rates drag by long tonnage list

Sluggish Pacific and Atlantic had dragged down Capesize rates and reversed much of the gains that occurred in previous week. By Thursday, the Capesize 5 time charter average went down further by $558 to $3,228, despite more buyers entry at the afternoon session in trying to lift the market. Given the volatile Capesize rates and …

Continue reading “Capesize rates drag by long tonnage list”

Capesize – a brief history of volatility

We know for certain Trump is ‘not happy’, as he announced this to the world this week, when referencing Beijing’s move to impose national security legislation on Hong Kong.     Trump has announced he will announce new U.S. policies on China today; this is making global markets jittery, something the world does not need …

Continue reading “Capesize – a brief history of volatility”