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MARKET NEWS & REPORTS

Copper Rallies After Trump Remarks, China Data

Copper in Shanghai headed for its best close since March in a relief rally after U.S.-China tensions eased and manufacturing data from the Asian nation pointed to a continuing slow recovery.   President Donald Trump’s threatened new measures against China proved weaker than expected, easing a major source of market jitters over the past week. That left…

Soybeans Climb as Dollar Drops and Trump Keeps Trade Deal Intact

Soybean futures in Chicago advanced as the dollar extended declines and President Donald Trump stopped short of spelling out tough new sanctions against China over Hong Kong and kept the phase one trade deal with Beijing intact. Corn increased, while wheat snapped two days of gains.   The Bloomberg Dollar Spot Index tumbled to the weakest in…

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…

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…

TECHNICAL ANALYSIS

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  

Brent July 20 Morning Technical Comment – 240 Min

FIS Morning Technical Brent 29-05-20

Supramax June 20 Morning Technical Comment – 240 Min

FIS Morning Technical Supramax 29-05-20

Capesize June 20 Morning Technical Comment – 240 Min

FIS Morning Technical Capesize 29-05-20