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Iron Ore Seen Gripping On to Surge Before Eventual Descent
Iron ore’s surge, with its latest jump to three-digits, is set to persist in the short term powered by supply concerns, before a market surplus in the second half spells a decline for the steelmaking material. Physical spot ore surged to $101.05 a ton on Friday, the highest since August, according to Mysteel Global. Elevated steel…
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China’s May Steel Industry PMI Rises to 50.9 (Table)
Following is a table for China’s steel industry purchasing manager’s index (PMI) in May. and Purchasing, together with Shanghai-based Xiben New Line. Steel industry PMI index at 50.9 following 45.9 in April Output index at 56.4 following 53.4 in April PMI data is released by the Beijing-based National Bureau of Statistics and Federation of Logistics…
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FIS Panamax Technical Report
FIS Panamax Technical Report Technically bearish the index has not broken support having produced a 3 wave pattern down. Upside move above the USD 6,093 level would suggest the technical picture is potentially turning bullish To view the full report please click on the link
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Supramax June 20 Morning Technical Comment – 240 Min
FIS Morning Technical Supramax 29-05-20 -
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Capesize June 20 Morning Technical Comment – 240 Min
FIS Morning Technical Capesize 29-05-20 -
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Panamax June 20 Morning Technical Comment – 240 Min
FIS Morning Technical Panamax 29-05-20 -
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Capesize – a brief history of volatility
We know for certain Trump is ‘not happy’, as he announced this to the world this week, when referencing Beijing’s move to impose national security legislation on Hong Kong. Trump has announced he will announce new U.S. policies on China today; this is making global markets jittery, something the world does not need right now.…
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Shine, shine, shine a light
We are seeing History in the making when the European Union announced its 750 billion- Euro ($824 billion) recovery package, aimed at boosting economic growth and creating a swathe of new jobs. The capital injection will have global financial markets breathing a sigh of relief, following the commitment from China at the Two Session to…
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Supramax June 20 Morning Technical Comment – 240 Min
FIS Morning Technical Supramax 28-05-20 -
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Panamax June 20 Morning Technical Comment – 240 Min
FIS Morning Technical Panamax 28-05-20
