Ferrous Market Updates – MySteel 45 ports iron ore inventory at 107.81 million tonnes, up 1.64 million tonnes w-o-w. Daily evacuation 3.20 million tonnes up 93,800 tonnes w-o-w. Australia iron ore on ports at 61.34 million tonnes up 619,000 tonnes w-o-w. Brazil iron ore on ports at 21.73 million tonnes up 402,500 tonnes w-o-w. – …
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Iron Ore, Unsustainable above USD 100?
Oil Through the Looking Glass 26/6/20
Russia goes full circle The global oil plunge started with increased output as Saudi Arabia and Russia locked horns over production cuts. Four months down the line and multiple cuts Russia have gone full circle with exports of its Urals crude oil grade set to drop significantly next month. Asian Buying interest failing countered …
PBF purchases remain popular among Chinese mills
Australian medium grade fines kept its high popularity status among Chinese buyers for the week ended on 26 Jun 2020. The short trading saw a total of 2.4 million mt iron ore exchanged hands, up 21.26% on-week from previous week volumes at 1.9 million mt. New platform for iron ore trading The uptick of …
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