International Comments & Steel and Iron ore

Cum Clave analysis N.14 preview.

In the WTI and Natural Gas section, we illustrated a scenario that conditions and will condition the transport of various materials and the different operations that some countries such as China intend to deal with some extraordinary operations.
Internal strengthening seems to be the only possible scenario in this market context. Negotiation must take place constantly with the various suppliers, while obtaining the required products in no time. It is necessary for many companies to reposition themselves in the new supply structure that will come.

Record commodity trade records in China look to metal products and energy futures such as stainless steel, tin and crude oil, as they protect risks from the global coronavirus epidemic or take speculative positions.
We think more about the second hypothesis, or speculation.

The average of the volumes traded increased in the first week of April, with peaks never recorded in recent years……

Steel & Iron ore

Various factors and remodulations of the adopted model require a strong revision of the targets. The correction in progress leaves no alternative. We do not hide that previously we had hypothesized even higher levels than the current ones. But the effects of the now enlarged pandemic have reduced international expectations. The Chinese market will recover before the others, strengthening internally and will direct the purchases of futures in London and Shanghai, imposing in a second phase,………..

Steel Rebar

Violent correction of the Future Steel rebar which breaks down the level of the beginning of the year at 405 dollars. High volumes in Europe, while in China it remains strangely still above the 3125-yuan level. Delay? Prices will likely flow towards lower supports,…………

Find out about industrial supply trends and forecasts. Negotiate the best with your suppliers. Sign in !!

Note that to purchase a previous analysis at a discounted price you must purchase the analysis of the week.

Share on twitter
Twitter
Share on linkedin
LinkedIn

We use cookies and other tracking technologies to improve your browsing experience on our site, show personalized content and targeted ads, analyze site traffic, and understand where our audience is coming from. To find out more or to opt-out, please read our Cookie Policy. In addition, please read our Privacy Policy.

By choosing I accept, you consent to our use of cookies and other tracking technologies.