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MAF Intelligence introduces Weekly Insights, wherein

our analysts report on the latest trends and patterns in the current market

we share our findings as derived from our quantitative models. This week, we

share our identification on

identified trends in certain ICE, SGX, DCE and SHFE commodities. 



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  • Strong correlation between ICE
coffee
  • sugar and ICE
sugar
  • coffee at 91.27%.
Looking at the correlation chart of both commodities, we can see that they are closely related
  •  From the Cross-Correlation Chart, we can gather a high correlation between the ICE Sugar No.11 Futures and ICE Coffee "C" Futures from their price movements. It could be a good pair trading strategy for them. 



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  • Deep backwardation in SGX Iron Ore.
Looking at the Forward Curve of the SGX TSI Iron Ore CFR China (SGX, FEF), a backwardation trend has been identified. After months of steadily increasing, the price has now begun to drop. It closed at 114.32 on Thursday, 4 July.



 

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  • Price of SGX Iron Ore fully drives FFA freight rates up.
 Looking at the Correlation Chart, we can see that as
  • As the SGX Iron Ore (SGX, FEF) rises, FFA freight rates quickly follow in recent transactions. This may be a continuing trend? 


 

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  • Comparing the prices of DCE Iron ore and SHFE Rebar, spread trading is more intuitive. 



That's it for this week's edition of Weekly Insights, and we hope you

found

find it useful

.

! For more frequent updates, do check out our Twitter and WeiBo.

We hope you tune in

Stay tuned to next week's edition of Weekly Insights! Have a great day ahead! (smile)

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