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QSL Market Update

Wednesday, 16 December 2020

In this week's Market Update:

  • A volatile week of deja vu leaving the market pretty much closing where it opened
  • The Indian subsidy saga continues to dominate market news. On Friday rumour had it that the Food and Finance Ministers have agreed to an export subsidy of 6000 INR/t (India Ruppee per tonne) targeting 5 million tonnes of exports
  • The AUD continues its relentless grind higher with US equities and commodities continuing to rise higher with positive movements around the COVID-19 vaccine and the first-round releases in the UK and the US
  • Iron ore currently trading at $150 a tonne will keep the AUD well supported, with continued strength expected

To read our full QSL Market Update, please click here.