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Lunar new year prompts airfreight uptick, BSA agreements loom
We are in the middle of RFQ season where the open market rate will start to matter for the bevy of long term contracts and contracted volumes over 2020.
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Will a US-China trade deal inflame Middle East tensions?
If China sticks to commitments in the phase one trade deal with the US, it will significantly change the traditional movements of resources around the world.
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Analysts consensus points to weaker 2020 prices for iron ore
Iron ore futures were a touch softer on Monday morning in London as steel mills wrap up iron ore buying as the holiday approaches. According to a survey conducted by Mysteel, the average trading volume among the 52 ore traders interviewed had dropped to 1.46 million tonnes/day over the past week. According to analysts at Bloomberg…
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DCE starts with slight gain amid market inactivity
Chinese futures began with slight gain on Monday, despite market inactivity with just one week ahead of Spring festival holidays.
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Bad news lifts black prices on Blue Monday
Welcome to Blue Monday, the most depressing day of the year. In the northern hemisphere, it’s where weather, debt, time since Christmas, time since failing New Year resolutions and low motivation culminate in a pseudo-scientific marker designed to cheer you up.
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Not much upside for freight ahead of Spring festival
With Lunar New Year just around the corner, the freight market seemed be weakened by the inactivity of Chinese traders.
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FIS Weekly Iron Ore Technical Report
China mills’ winter stock price which are generally 100-150 yuan cheaper than spot price, have shifted buying preference from spot to winter stock deals. As a result, physical steel spot price have softened. However another concern is that there might be too much supply with physical traders with major steel inventories up significantly. Market worries are that after New…
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DCE ends the week on slight gain
Chinese futures ended the week with a slight gain on Friday, due to better steel demand sentiment.
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Lunar New Year lull for freight market
Capesize paper market had slid throughout the week, as market activity was muted ahead of Lunar New Year.
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Long tonnage list drags down freight rates
Capesize freight rates continued to slip on long tonnage list with bunker prices cooling off.
