*Oil Slides 5% to Lowest Levels Since June* Oil futures settled 5% lower yesterday with Brent dropping to $39.53 which was the lowest level since June, and WTI at 8% lower after Saudi Arabia announced price cuts to its October selling prices. The Aramco price cuts made WTI unattractive to Asian buyers said analyst Phil …
Category archives: Products
Capesize rates drag down by thin physical market
Capesize freight rates continued to slump on thin physical market that dragged down the paper market further. The Capesize 5 time charter average dropped by $210 day-on-day to $15,892 on Tuesday, due to lack of fixtures being reported. The Baltic Dry Index (BDI) then slumped further by 1.56% or 21 points day-on-day to 1,328 readings …
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DCE dips over cautious trading
Iron ore futures entered another correction phrase for the second consecutive days, following a market selloff at the close. Thus, the most-traded iron ore for January 2021 delivery on China’s Dalian Commodity Exchange plunged by 3.40% day-on-day to RMB 824.50 per tonne, after nosediving from a high opening. The steel rebar contract on the Shanghai …
Oil and Ore Intraday Morning Technical 9/9/20
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Steel & Scrap Morning Report 9/9/20
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Fertilizer Financial Markets Report 9/9/20
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Morning Oil Report 9/9/20
Good morning. Brent was down 25 cents or 0.6%, at $39.53 at 0455GMT after a drop of over 5% through Tuesday, with WTI down 0.8%, or 28 cents to $36.48 per barrel after a fall of 8% through Tuesday. We are seeing a good correction on crude at the minute, long overdue many might add …
Iron Ore DCE January Daily Technical Review Sep 9th
Verdict – Short-term bearish. DCE iron ore correct during the day, the current three days created lower highs. Each trading day ended with long upper shadows, indicating the marginal power is diminishing for new buyers. Hourly MACD created lower dead cross. Hourly slow stochastic KD is also creating lower dead cross. Technical signals are indicating …
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Daily Ferrous Physical Review Sep 9th
Ferrous Market – Australia Walcott Pier #1&2, 5&6 maintenance total impact 990,000 tonnes of iron ore delivery this week. Geraldton Pier 5 potential decrease delivery because of sea wave. Brazil Tubarao, PDM total delivery impact arround 910,000 tonnes. – MySteel 45 port iron ore arrivals at 23.99 million tonnes down 558,000 tonnes w-o-w. Northern 6 …
London Iron Ore Market Report
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