-
![]()
FIS Daily Fertilizer Report
– NOLA UREA. Ideas remain flat to firm for nearby months with June and July trading and settling up a $1. Traders beginning to show greater appetite to take on paper length as demand in physical market begins to pick up, and as AG paper prices increase. Meantime Q3 sellers maintaining firmer beliefs and holding…
-
![]()
FIS Daily Ferrous Update: Saint Monday
DCE had a pullback from the highs seen in last week to settle around RMB 768.50 a tonne on Monday, down RMB 19.50 or 2.47% on-day.
-
![]()
Dry bulk FFA market: Low activity from European holidays
Capesize market was hit by lower shipping activities due to European holidays and fewer iron ore cargoes coming out of western Australia.
-
![]()
FIS Daily Fertilizer Report
– NOLA UREA. Some increased activity today, and continued support in the Q3 timeframe. The strip traded here twice at $257, with buying interest at $255 on the follow, and offered at $265. The individual months had support at similar ranges as well. Reports of physical getting done this week for July at $246 –…
-
![]()
FIS Daily Ferrous Update
Another rocking day for iron ore, initially rather choppy but a strong close on the DCE saw swaps rally to a July higher of 106.80, with Q3 trading up to 103.40. Spreads widened aggressive again, Q3/Q1 traded 11.55 during the Asian morning, with Q3/Q4 trading 6.00, with the later last trading 7.50 and left 7.75…
-
![]()
FIS Daily Ferrous Report: Short Market Squeeze
DCE closed the day at RMB 781.50 a tonne, up RMB 11.50 on-day, thanks to a last 10-minute market short squeeze.
-
![]()
FIS Daily Ferrous Report: Not a tame lion
DCE gains RMB 19 on-day to RMB 764 a tonne today, rather tame as compared to the hitting the upper trading limit on Tuesday.
-
![]()
FIS Daily Ferrous Report
Iron ore followed on from yesterday’s bullish moves by giving it another kick on higher today, the Asian afternoon DCE session opening limit up of 760.5 and remaining there for the duration. Swaps pumped as a result, Jul trading 98.70 up to 102.90 with Q3 breaking the 100 mark again, trading 100.50. spreads widened as…
-
![]()
FIS Daily Ferrous Report: It’s a roofer!
DCE hit a roofer today and reached the daily limit at the closing. Throughout the morning session, the DCE climbed to new heights since its opening at RMB 730 a tonne.
-
![]()
The strange case of the summer oil market
Front-month Brent crude futures, the international benchmark for oil prices, were at $62.71 at 0630 GMT, 42 cents, or 0.7%, above Friday’s close, and U.S. WTI crude futures were at $53.85 per barrel, 59 cents, or 1.1%, above their last settlement. Prices fell by around 1% in the previous session and crude futures are down…
