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Iron ore futures rally on rapid mill re-stocking
Iron ore futures rallied on Thursday after mills de-stocked faster than expected as inventories dropped. According to some sources, some Chinese mills are working 7-days a week to ramp up production.
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Capesize rallies on renewed buying interests
Capesize paper market rebound from losses with more ships being fixed in the Atlantic market.
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Come Together? Definitely Maybe
In oil market terms, there’s only one thing that matters today: the world’s largest oil producers are meeting to try to agree to reduce output and rescue crude markets from a catastrophic pandemic-driven collapse moved closer within reach after Russia signalled it’s ready to reduce output by 1.6 million barrels a day, or about 15%.
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Happy OPEC Cut, Mr President
In unprecedented times, unprecedented things usually happen. However, for many of us, the news that markets have been moved by a certain someone declaring policy on Twitter is common and reassuringly normal.
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Brent June 20 Morning Technical Comment – 240 Min
Brent June 20 Morning Technical Comment – 240 Min
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Capesize drops on panic selling
Capesize paper market dropped slightly for the second consecutive day in the week, despite more enquiries on the Atlantic market.
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Brent June 20 Morning Technical Comment – 240 Min
Brent June 20 Morning Technical Comment – 240 Min
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https://w.soundcloud.com/player/?url=https%3A//api.soundcloud.com/tracks/793807003&color=%23ff5500&auto_play=true&hide_related=false&show_comments=true&show_user=true&show_reposts=false&show_teaser=true&visual=true
FIS Castaway – Eps.2 – Unprecedented Coverage in Unprecedented Times
‘In Episode 2 of FIS Castaway, We are joined by Phil Stephens from Ebury to discuss recent FX activity and it’s impact on commodities, as well as updating our key markets’
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Softer iron ore reflects fears for global steel outlook
Iron ore futures were softer on Tuesday amid concerns over global steel demand. While China appears to be recovering – with China domestic consumption is slightly better than expectation at 5.677 million tonnes last week – the outlook elsewhere looks very bleak.
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We predict a riot, frankly
The world’s largest oil producers are pressing ahead with talks for an unprecedented deal to mitigate the impact of the coronavirus on their industry, even as their leaders exchange barbs.
