09:00 GE JUN IFO – Business Climate exp: 101.8 prev: 102.2
09:00 GE JUN IFO – Current Assessment exp: 105.7 prev: 106
09:00 GE JUN IFO – Expectations exp: 97.9 prev: 98.5
15:00 US MAY New Home Sales (k) exp: 664 prev: 662
General Market Report – 21.06.18
Market Comment
US indices closed mixed to finish the week on Friday. Shares in the Banks (-1.15%), Retailing (-0.81%) and Consumer Durables & Apparel (-0.77%) sectors ended on a negative note while shares in the Energy (+2.2%), Media (+1.51%) and Materials (+1.38%) sectors gained momentum. On the economic data front, Markit manufacturing PMI decreased at a preliminary estimate of 54.6 in June (estimated 56.1) from 56.4 in May. The S&P 500 (2,754.88) is below its 20d moving average (2,755.37 – positive slope), which stands above its 50d moving average (2,714.83 – positive slope).
Additional Titanium Dioxide (TiO2) listed for EU/USA delivery
June 2018: INSCX exchange has agreed to act as a distribution point for China’s leading Titanium Dioxide (TiO2) producer, Pangang Titanium for deliveries to approved end user customers. The agreement which will see the Exchange add Pangang grades for trade is to commence May 2018. INSCX commenced formal listing of Chinese producer TiO2 grades in 2011, offering a delivered, duty paid service to end users. With the addition of Pangang, the Exchange can offer customers the full spectrum of Chinese producer TiO2 grades. End users seeking to purchase Pangang Grades for EU/USA delivery can register their interest by contacting the Exchange via mail @ Registrar@inscx.com or on 44 203 137 5187 during UK business hours.
INSCX: Upgraded Trading platform schedule
INSCX exchange will unveil its upgraded TORS (Trade Order Routing System) specific to physical trade in polymers, base oils and TiO2 by end June, 2018. The upgraded system will further enhance the existing trade portal which enables real-time price discovery, and permits Spot and forward trade types and will prove relevant to the polymer market in particular. Commenting on the upgraded version of TORS, an Exchange spokesperson added:
“The upgraded platform will be more user friendly and offer the Polymer sector their first truly auditable, real-time price discovery mechanism and the ability to trade real-time on a Spot or Forward basis. Additional features on the platform will include technical analysis, a producer reporting mechanism and the ability to trade on margin. Going forward this will provide the physical polymer industry with a more credible pricing mechanism and greater trade flexibility including practical hedging tools. Going forward, TORS will offer cost benefit to the physical polymer industry, but also permit INSCX to engage with other Exchanges who have sought physical industry benchmarks to develop more liquidity and open interest in more relevant polymer futures contracts within a defined timeframe.”
INSCX Base oil trading mechanism highlighted
The influential industry magazine for the global lubricants industry, Lubesn’Greases continued its focus on the trading of base oils on INSCX exchange having previously highlighted the INSCX exchange initiative. See Link: http://viewer.zmags.com/publication/6be5a328#/6be5a328/10
Following on from the initial Lubesn’Greases feature on INSCX, author Ray Masson continued his appraisal of the INSCX effort to aid trading methodology in Base oils trade: http://viewer.zmags.com/publication/c453c6af#/c453c6af/6