Category archives: Products

Oil Through the Looking Glass 02/11/20

*Russia Respond to Lockdowns by Assessing OPEC Cuts* Russia are looking to push forward with the review of OPEC oil cut relaxations that are due on 1st January 2021 as prices look to not bounce back to pre-Covid levels anytime soon. The cuts made to output imposed by OPEC are due to be relaxed in …

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DCE rises on China’s positive economic data

Iron ore futures rose on positive economic data from China due to higher steel consumptions and demand.   The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 1.91% day-on-day to RMB 801/mt on Monday.   The steel rebar contract on the Shanghai Futures Exchange also went up slightly by …

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Iron Ore Offshore Nov 20 Morning Technical Comment – 240 Min Chart (rolling contract)

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Capesize rates to bottom out from slump

Capesize freight rates dipped slightly on limited shipping activities and market expectation that it might bottom out after the recent slump.   Thus, the Capesize 5 time charter average then fell modestly by RMB 231 day-on-day to $15,550 on Friday, as the physical market seemed to find a floor, while the paper market braced for …

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