FIS API Blog
China may tighten Australian coal imports amid recent tensions between the two countries, according to a daily note from China Coal Market, which is affiliated with China Coal Transport and Distribution Association. * If the curbs are put in place, Australian coal prices will be hit, said the note * NOTE: China targeted Australian coal …
Continue reading “China May Tighten Australian Coal Imports Amid Tensions”
Iron ore is on an extraordinary rally this month as growing optimism about China stimulus fuels a market already concerned about one of its biggest suppliers. The futures contract in China has surged more than 16% in May alone as stronger-than-expected demand combined with Brazil’s emergence as the world’s new coronavirus hotspot, spurring concerns that …
Continue reading “Iron Ore Gains as Mills Shell Out Premium in Tight Market”
May 19 — China was India’s largest purchase of iron ore in the fiscal year ended March 31, and the buyer reportedly has plans to import even more ore from the sub-continental Asian nation. China bought 30.8 million tons of iron ore from India during the period, two and a half times more than the …
Continue reading “China Is Now India’s Biggest Iron Ore Buyer, And Wants to Import More”
Chinese futures jumped for the fifth consecutive trading day on anticipation of further infrastructure stimulus introduced during the National’s People Congress. Thus, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, hiked further by 3.64% day-on-day to RMB 711 per tonne on Tuesday. Similarly, the steel rebar contract on …
Continue reading “DCE jumps for the fifth day on stimulus expectation”
Capesize market continued its positive run with more fixings and stronger Pacific market that drove better freight rates. As such, the Capesize 5 time charter average rose by $481 to $2,875 on Monday, as some trade participants were heard to do “bottom picking” after another round of short covering. Driven by better Capesize rates, the …
Continue reading “Capesize extends positive run on better bunker prices”
Oil production from the top seven shale regions in the U.S. is set to tumble to levels not seen since 2018 as drillers scale back in response to the recent price collapse, the Energy Information Administration said. Crude output from seven major shale formations expected to fall by a record 197,000 barrels per day in …
Continue reading “Shale production tumbles as VLCC armada heads east”
