Morning Oil Note 7/9/20

Good morning all. Brent futures fell -1.2% to $42.13 a barrel to lowest levels since July 30 whereas WTI futures were down -1.51% to $39.17 per barrel, lowest since July 10. As the US enjoys Labor Day, parts of the states are preparing to welcome record heatwaves with California grid operators issuing a “stage 2” …

Iron Ore DCE January Daily Technical Review Sep 7th

Verdict – Short-term neutral. DCE iron ore Jan contract tested 874.0 area for the third time during current three weeks and rejected to close with a long upper shadow, indicating the short-run push ended. From short-run, a breakdown on 808.0 area would indicate entering mid-run correction and create a roof area. However a return to …

China Demand Creates a Soybean Breakout

Soft commodities, particularly grains, and beans, have seen strong moves in the last 2 weeks on the back of China’s purchasing of U.S agricultural Crops.   Typhoons Maysak has brought flooding to parts of China’s North East, their top producing corn and soybean region. This has prompted speculative traders to bet on China continuing to …

Daily Ferrous Physical Review Sep 7th

Ferrous Market –    Asian traders believed iron ore exports from both Brazil and Australia will boost in Q4 according to seasonal pattern, in particular after Australia finished port overhaul in September. –    Both southern and northern ports showed interest to buy Yandi fines because of better cost and effective sinterability. –    Lump furnace input ratio …

Supramax & Handysize FFA Daily Report

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): +1 813 …

Capesize & Panamax FFA Daily Report

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): +1 813 …

FIS LONDON COKING COAL MARKET REPORT

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): +1 813 …

Medium grade fines come back to the fold

A total of 1.885 million mt of iron ore was exchanged hands for the week ended Sep 4, an increase of 52.37% as compared to the 1.237 million mt recorded last week. Medium grade fines like Pilbara Blend fines (PBF) accounted over half of the transacted trades for this week at 57%, as compared to …