Category archives: Products

Morning Oil Report 1/9/20

Brent futures climbed 49 cents, or 1.1%, to $45.77 a barrel at 4:06 am GMT, while WTI futures rose 37 cents, or 0.9%, to $42.98 a barrel.   The current weakness in the dollar in the wake of the U.S. Federal Reserve’s policy shift on inflation announced last week is expected to push the currency …

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DCE rallies from strong steel demand and positive PMI

Iron ore futures started the week on higher note due to strong Chinese steel demand and positive economic indicator. The most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange rose by 2.61% or RMB 21.50 day-on-day to RMB 844 per tonne on Monday. The steel rebar contract on the Shanghai Futures Exchange …

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Capesize rates flat despite tonnage clearing in the Atlantic

Capesize freight rates remained flattish despite the clearing of tonnage in Atlantic and some shipping disruption due to typhoon in the East Asia. Thus, the Capesize 5 time charter average saw slight correction of $381 day-on-day to $18,394 on Friday. The Baltic Dry Index (BDI) also followed the dip and went down by 1.06% day-on-day …

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Iron Ore DCE January Daily Technical Review Aug 31st

Verdict – Short-term neutral. DCE iron ore September decreased positions massively since this is the last trading day for individual clients before entering delivery month at sep contract. The fall of September contract indicated there is no delivery profits for September buyers after market pushed high earlier today. At the same time, jan contract is …

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Daily Ferrous Physical Review Aug 31st

Ferrous Market –    China August Manufacture PMI 51.0, est. 51.2, last 51.1. –    Tangshan execute environment production restriction on August 31st, the third environment curb over past two weeks. Physical steels push up significantly after hearing the curb. Northern ports operation are impacted by typhoon weather over weekends and expected to recover on Tuesday after …

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