MAF Intelligence introduces Weekly Insights, wherein our analysts report on the latest trends and patterns in the current market. This week, we share our identification on trends in certain ICE, SGX, DCE and SHFE commodities.
- Strong correlation between ICE coffee and ICE sugar at 91.27%.
- Deep backwardation in SGX Iron Ore.
- Price of SGX Iron Ore fully drives FFA freight rates up. Looking at the Correlation Chart, we can see that as the SGX Iron Ore rises, FFA freight rates quickly follow.
- 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 it useful. For more frequent updates, do check our Twitter and WeiBo. We hope you tune in to next week's edition of Weekly Insights!
-
Connect with us
Add Comment