Insight
Coronavirus impact on bulks week ended 29th May
Report summary
Despite continued stimulus injections and reopening economies, bulk commodity demand is in danger of running out of steam. Positive signs in steel and power demand were overshadowed by lower Chinese coal imports. The lower buying interest caused a modest price bull-run to fizzle out. Fears of strict customs quotas from July are already testing prices again early this week. Iron ore needs little outside boosting as prices breached US$100/t, with Brazilian supply clouded by COVID-19 infections, and Chinese steel output riding high. Steel prices have likely found a floor.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Commodity Market Report
North America gas short-term outlook: Henry Hub generates support while Waha falls into an abyss
Can prices rebound to $3/mmbtu by the start of winter?
$2,000
Insight
A delayed energy transition
3 ˚C warming pathway
$1,050
Insight
Coronavirus impact briefing: week ending 15 May
How the pandemic is affecting energy and natural resources
$1,050