Category archives: Products

DCE drops on oversupplied market

Iron ore futures dipped on slower steel demand and high inventory among end-users. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange dipped down by 2.17% day-on-day to RMB 787.50 per tonne on Thursday. The steel rebar contract on the Shanghai Futures Exchange was almost flat and dropped slightly by 0.28% …

Continue reading “DCE drops on oversupplied market”

Capesize rates slide on bearish physical market

Capesize freight rates headed down the curve, after another round of discounting in both basins, without much improvement in the physical market. The Capesize 5 time charter average fell by $2,192 day-on-day to $23,305 on Wednesday, due to bearish sentiment on the physical side. With freight rates dropping everywhere, the Baltic Dry Index (BDI) then …

Continue reading “Capesize rates slide on bearish physical market”

Morning Oil Report 15/10/20

Good morning all. Brent crude futures rose 7 cents, or 0.2% to $43.39 a barrel, with U.S. WTI climbing 8 cents, or 0.2%, to $41.12 a barrel at 0430 GMT. Yesterday the front FoGos strengthened throughout the day, as did the front crack with Gasoil and fuels pushing yet again.   Crude futures had pushed up …

Continue reading “Morning Oil Report 15/10/20”

Iron Ore DCE January Daily Technical Review 15/10/20

Verdict – Short-term bearish. DCE iron ore keep correction for the fourth trading day and the intra-day low tested the first support level at 783.5 observed from last week. A breakdown on this level would trigger a new round of correction towards 751.5, and restart bearish tunnel in mid-run. From hourly chart, slow stochastic correcting …

Continue reading “Iron Ore DCE January Daily Technical Review 15/10/20”

Oil and Ore Intraday Morning Technical 15/10/20

Please click below to view the report             For more information please contact         FIS       info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US …

Continue reading “Oil and Ore Intraday Morning Technical 15/10/20”

Daily Ferrous Physical Review 15/10/20

Ferrous Market –    Canada miner Black Iron signed a 60 million dollar contract including a project with 646 million tonnes of iron ores. –    Indian Miner Industrial Organisation FIMI indicated India needs 165 million tonnes of iron ore. FIMI also indicated potentially impose export tariff on 58% grade of iron ore. –    MySteel Rebar Inventory: …

Continue reading “Daily Ferrous Physical Review 15/10/20”

European Close 14/10/20

Sentiment is turning sour for the Iron Ore futures with continued downside selling pressure. Exports from Australia have held above 18 million tons for 3 consecutive weeks, following record flows in September from Port Hedland (Bloomberg). The November futures took the worst of the hit early in the night session with price trading down to …

Continue reading “European Close 14/10/20”