FIS API Blog
Chinese futures dropped on Tuesday, due to slow down in restocking activities. The most-actively traded iron ore futures for September 2020 delivery on the Dalian Commodity Exchange (DCE) slid by 1.74% day-on-day to RMB 594.50 per tonne on Tuesday. Similarly, the steel rebar contract on the Shanghai Futures Exchange also dropped by 1.14% to RMB …
Continue reading “DCE drops on expected lower construction activities”
Capesize paper market continued the downside with lower physical fixtures in view of coming May Labour holidays across countries. Due to lack of physical trading, the Capesize 5 time charter average dropped by $89 to $8,292 on Monday. Thus, many trade participants were expecting a sluggish week ahead of the many holidays in coming days. …
Continue reading “Capesize under pressure from low physical fixtures”
Chinese futures extended their drops on Wednesday, on limited activities in view of May Labour holiday ahead. The most-actively traded iron ore futures for September 2020 delivery on the Dalian Commodity Exchange (DCE) dipped by 0.58% day-on-day to RMB 595.50 per tonne on Wednesday. Following the decline, the steel rebar contract on the Shanghai Futures …
Capesize paper market slid to downward trend on limited activities ahead of the May Labor holidays. Thus, the Capesize 5 time charter average went down by $120 to $8,172 with impending holidays in the Asia, such as China and Japan enjoying their Golden week holidays soon. Minning majors like Rio Tinto and FMG were still …
Continue reading “Capesize mutes ahead impending May holidays”
U.S. crude inventories rose by 10 million barrels to 510 million barrels in the week to April 24, data from industry group the API showed last night, compared with analysts’ expectations for a build of 10.6 million barrels. So not as bad as previously thought and lower than previous weeks which has definitely given the …
Continue reading “Upward impetus as oil market clings to hope”
