Tag archives: IO
Ship Shape – FIS Commodity Weekly 31/07/20
Ouch Thursday afternoon saw a report that US GDP in Q2 shrank by 32.9%. Now this may have beaten expectations, but it’s a bit like saying that you didn’t come last in the 38,000-person London Marathon, you came second last. That kind of incredible fall is the reason for the huge drops in demand for …
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London Iron Ore Market Report
DCE surges on accelerated bond completion by end-Oct
Iron ore futures rose further upon news of special bonds issuance to be completed by end-October, according to the China’s Ministry of Finance. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange went up by 1.02% or RMB 8.50 day-on-day to RMB 840 per tonne on Thursday. The steel rebar contract …
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London Iron Ore Market Report
FIS CASTAWAY – EPISODE 18
This week geopolitics takes centre stage as the team discuss escalating China-US tensions weighing on markets, along with outlining current market trends in all of FIS’s markets. Available now on the FIS website (www.freightinvestorservices.com/media ) Spotify https://open.spotify.com/show/7yMLsm5s8tLtrCQr7bG8wD?si=FW6Rvj9HRjClAx3vRjq8iw And Apple https://podcasts.apple.com/sg/podcast/fis-castaway/id1507094242 Disclaimer: This podcast is a marketing communication and is not based upon detailed analysis …
DCE rebounds over tight supply
Iron ore futures inched up at the closing of the afternoon session over supply tightness of mid-grade ores among portside stocks. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange rose by 2.31% or RMB 19 day-on-day to RMB 841.50 per tonne on Wednesday. Then, the steel rebar contract on the …
London Iron Ore Market Report
Oil and Ore Intraday Morning Technical
DCE dips on the close after high opening
Iron ore futures dipped slightly toward the close, after opening high in morning session on better market outlook on infrastructure sectors. Thus, the most-traded iron ore for September delivery on China’s Dalian Commodity Exchange dipped slightly by 0.12% or RMB 1 day-on-day to RMB 820 per tonne on Tuesday. Likewise, the steel rebar contract on …