FIS API Blog
Iron ore futures extended gains on Wednesday as investors assessed risks from the Coronavirus pandemic. There are worrying signs that the outbreak has worsened in Brazil, with the nation recently surpassing the mark of one million confirmed cases and 50,000 deaths. Latest figures showed that Brazil added new deaths, bringing the total to …
Continue reading “Steel futures up on mixed Coronavirus news”
Turkish import prices retreat $8 since Wednesday Jul and Aug scrap futures trade $257/t and $260/t respectively Turkish import prices have softened $8 since last Wednesday amid a slow up in physical buying activity. The scrap futures curve continues to hold its relatively flat nature, July futures traded at $257/t, whilst August printed at $260/t …
A traumatic start to the year for U.S. steel makers may now be behind them after some of the largest producers offered positive outlooks for the rest of the year. Non-residential construction in the U.S has remained resilient compared to the consumer sector in recent months. With it looking increasingly like the worst of …
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 …
This week the group discuss supply and demand in crude, freight, iron ore, and copper markets. We explore the reasons behind the freight markets jump, oil’s crawl upwards, and iron ore’s price stall, among other market news and trends. https://freightinvestorservices.com/blog/fis-castaway-eps-12-unprecedented-coverage-in-unprecedented-times/
COVID-19 will haunt a generation. Be it from personal loss of friends or family members, loss of employment or the loss of an investment. With nearly 8 million cases worldwide the pandemic has shown no sign of slowing down. Global cases worldwide (source Bloomberg) Infection cases may continue to rise, creating further havoc for …
Continue reading “The Baltic Dry Index – ray of hope or footnote in history?”
Iron ore futures slumped on Thursday following some profit-taking activities as market participants turned cautious. The iron ore market has seen great volatility, pushing towards $100 on supply concerns following disruptions in Brazil as well as strong demand from China. The Dalian Exchange issued a notice earlier this week, urging member brokerages to …
Continue reading “Iron ore futures fall as players take profits”
2020 is taking the phrase annus horribilis to a new level for the Capesize 5tc market. The big sisters rarely have anything to celebrate in the first few months of the year, like a tourist spot emerging from lockdown, owners know that they to make hay when the sun is shining. Index values …
Continue reading “Capesize – Even Poor Summers give some Sunshine”
Dalian Iron ore futures have failed for a third day to break the high RMB 775 high that formed on the 01/06/20, bringing a halt to the previous 4-day rally after repeated warnings from financial institutions that the current supply tightness will ease in the later months of the year. Vale intend to …
Continue reading “Iron Ore Futures Consolidate on Supply Outlook”
