Category archives: Products
Brent August 20 Morning Technical Comment – 240 Min
FIS Daily Physical Review Jun 11th
Iron Ore and Steel Market Updates MySteel sintered iron ore inventory at 16.62 million tonnes. Sintered iron ore daily consumption 625,100 tonnes. Inventory turnover in 23 days. China weather forecast indicated heavy rain and flood warning in western, mid-China and southern provinces. Guangzhou inventories decrease slower w-o-w, since several floods happen in late May and …
FIS Supramax Technical Report
FIS Supramax Technical Report To view the full report please click on the link
Iron ore softer as pundits exchange views on supply outlook
Iron ore futures were a touch softer on Wednesday as investors assessed the supply outlook for iron ore following the recent closure of Vale’s Itabria complex. Investors grew concerned over tight supply after Vale was ordered to shut down Itabria, which accounts for over 10% of Vale’s output, in the state of Minas Gerais …
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Oil Through the Looking Glass 10/6/20
The Glut is Back Those of you who have been watching your crude ticker this morning will see many red numbers on the screen. The reason for this has been the switch of sentiment to concerns about oversupply. We have had reports late last night that the API have predicted a large build in US …
Capesize pushes ahead with iron ore rally
Capesize rates continued to push forward with firm iron ore demand that pushed for more shipping activities in the Pacific market. Thus, the Capesize 5 time charter average hiked up by another $310 day-on-day to $8,055 on Tuesday, for the second consecutive day-rise for the week. Following the rally, the Baltic Dry Index (BDI) broke …
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Panamax July 20 Morning Technical Comment – 240
DCE slides for second day on cautious buying
Chinese futures dropped on limited buying interest as procurement slowed down and buyers digested high prices and supply impact in the market. The most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, continued to descend for the second consecutive day by 1.43% day-on-day to RMB 759.50 per tonne on Wednesday. …
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China Demand Pushes Copper Higher
Copper continues to make new highs and is now at its strongest level since February 19, driven by vigorous demand from China. Like iron ore, demand is strong, whilst mine closures caused by Covid-19 have restricted supply. This means previous predictions of a surplus are likely to be erased, creating an unexpected V-shaped recovery. In …