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Continue reading “Freight Intraday Morning Technical 8/10/20”
Iron ore futures jumped with the return of Chinese trade participants from the holidays and good economic indicators in China. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange then surged by 4.80% day-on-day to RMB 830 per tonne on Friday. The steel rebar contract on the Shanghai Futures Exchange then …
Continue reading “DCE rises with the return of Chinese trade participants”
Capesize freight rates continued its downtrend as the physical market came under pressure with further easing of rates. Thus, the Capesize 5 time charter average fell by $1,958 day-on-day to $31,507 on Thursday, with a sluggish Atlantic market and Pacific rates moving Due to weak Capesize market, the Baltic Dry Index (BDI) fell by 3.62% …
Continue reading “Capesize rates ease on weak physical market”
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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 (KS): +1 …
Continue reading “Oil and Ore Intraday Morning Technical 8/10/20”
Brent was down by 8 cents at $43.26 a barrel by 0740 GMT, WTI crude fell 5 cents at $41.14 after both benchmarks gained more than 3% on Thursday. Both contracts are on course for a 10% gain this week after the news broke that the strikes in the Norwegian oil fields could signify a …
Verdict – Short-term neutral. DCE iron ore rebounded during the day related to CNY and Shanghai equity rebound, indicate a recovery on investment market. Investors should be aware of reversal in following weeks. Technically entering a consolidation in mid-run since iron ore recovered 809.0 and 816.0 area. A breakthrough on 873.0 would bring market back …
Continue reading “Iron Ore DCE January Daily Technical Review Oct 9th”
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Ferrous Market – MySteel Rebar Inventory: Rebar production 3.61 million tonnes, down 3.55% w-o-w. Mills inventory 3.68 million tonnes, up 9.29% w-o-w. Circulation inventory 8.32 million tonnes, up 4.41% w-o-w. – Ganggu Construction Steel Inventory: production 5.47 million tonnes, up 13,600 tonnes w-o-w. Mills inventory 5.09 million tonnes, up 605,700 tonnes w-o-w. Circulation …
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 (KS): +1 …
Continue reading “Capesize & Panamax FFA Daily Report 8/10/20”
