Iron Ore and Steel Market Updates – The low grade fines and discounted fines are becoming higher versus major brands iron ores, indciated steel mills are thinking of controling production cost. – China Jan – May cement production at 769 million tonnes, down 8.2% y-o-y. However may cement production at 249 million tonnes, up 8.6% y-o-y, …
Tag archives: IO
Iron ore holds at $100 as Brazil supply fears ease
Iron ore futures held at around $100 on Friday as supply concerns eased. Latest data showed that Brazil’s iron ore exports increased by 1.4 million tonnes during the first nine days of Jun to 1.64 million tonnes per day. Meanwhile, Vale is gradually resuming operations at its Itabira complex after receiving the green …
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FIS Weekly Market comments – 19 Jun 2020
PBF and Mac fines, most popular among buyers Australian medium grade fines remained the firm favorite for Chinese buyers for the week ended 19 Jun 2020. Among the total purchases of over 1.9 million mt, the Pilbara Blend fines (PBF) and Mac fines remained at the top spots accounting 17% respectively, followed by FMG SSF …
ShipShape: The Long and Winding Road
It is one of the best-known Beatles songs from their final studio album Let It Be, but it also encapsulates perfectly the challenge many commodity markets face as they begin to recover from the enormous disruption of Coronavirus. The pandemic has impacted every metric you can think of: quantitative easing, government debt, unemployment, share …
DCE flats on low port inventory
Chinese futures changed little as the market tried to end the week on positive note with huge drawdown of port inventory. Thus, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, rose slightly by 0.13% day-on-day to RMB 768 per tonne on Friday. Likewise, the steel rebar contract on …
DCE drops for the second day on easing Brazilian supply
Chinese futures slid for the second consecutive day due to supply easing as Vale reopened its Itabira complex. As such, the most-actively traded iron ore futures on the Dalian Commodity Exchange (DCE), for September delivery, dropped by 1.03% day-on-day to RMB 765 per tonne on Thursday. However, the steel rebar contract on the Shanghai Futures …
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Iron Ore Held in Check
Iron ore futures remain unchanged overnight Weds/Thurs with the July futures holding above USD 101.00 level (as of 06.15 UK time) having traded as low as USD 99.41. The world’s seconds largest commodity by volume followed the Shanghai Composite index in a holding pattern as traders wait in anticipation of the next round of RRR …
Oil Through the Looking Glass 18/6/20
*Fuel Demand to Remain Under Pressure* OPEC predicts that demand for fuel will continue to struggle into the second half of the year due to the effects of the virus. The group has kept its forecast for oil consumption unchanged predicting a 9% fall in demand, however it cut its supply needs by 2.17 mbd. …
