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FIS Daily Iron Ore Update
A relatively wide 18 RMB range on the DCE iron ore today, mainly one-way traffic to the downside reaching a low of 623 but recovering some of its losses in the afternoon session to close 628. This didn’t really translate into an active iron ore swaps market which traded in very thin liquidity throughout the…
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The greyhound is running, but where to?
You look for a minute and the oil market moves like a greyhound out of the trap, running after the fake hare that is world oil shortage.
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Cuts and outages support rally but is crude demand slowing?
Brent crude oil prices hit 2019 highs above $65 per barrel, spurred by OPEC-led supply cuts and a partial shutdown of Saudi Arabia’s biggest offshore oil field. Traders said prices were pushed up by the partial closure of Saudi Arabia’s Safaniyah, its biggest offshore oil field with a production capacity of more than 1m bpd.…
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FIS Weekly 15 Feb 2019 – Playing down the fear of short supply
Iron Ore Overview Sufficient iron ore supply throughout Q1 2019 FIS expected the tight supply from Brazil’s Vale to have limited impact during the Q1 2019 due to similar iron ore shipment arrival to China as compared to same period last year. Besides, mills may restock easily through the many available mainstream iron ore cargoes…
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FIS Daily Iron Ore Swap Report
Iron Ore swaps opened weaker during the Asian morning session, March dropping to 81.70 albeit in very thin liquidity, prices coming off alongside rebar which had a weak day (closing at the lows 3702). With the DCE moving higher, swaps recovered, the DCE reaching a high of 628, closing at 624, the front continuing to…
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Up, down or sideways?
Our friends at the API have plucked some random numbers out of the air to report for their prediction in stocks changes in the US oil market. It’s always reassuring when the rest of the market agrees with their prediction – like agreeing whether it’s a draw or build in stocks.
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A long wait for freight
It is the usual time of the year again, when the market took a break for the Lunar New Year celebrations. The quietness was then rocked by the unfolding events from Vale’s dam collapse.
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The Rush for Iron Ore
The rush for iron ore is on and has since pushed prices toward the ‘three digits’ mark amid fears of tight supply from Vale.
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FIS brokes first futures trade on CME Singapore FOB Marine Fuel 0.5% Futures Contract
FIS has executed the first trade on the new Singapore FOB Marine Fuel 0.5% (Platts) Futures contract specs. The FIS bunker desk brokered the deal on a spread basis for December 2019 Singapore 0.5% Fuel Oil versus December 2019 Singapore 380 spread at $200. The futures trade is the first to be made on the Platts…
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Understanding Vale’s Dam Collapse
A unfortunate dam collapse in Vale’s Corrego do Feijao has triggered lot of repercussions in term of loss of lives and assets. One week after the fatal incident, its impacts are still felt within the market…
