Daily Virtual Steel Mill Report 9/6/21

Market Verdict on Iron Ore: ·         Iron ore short-run neutral. Macro ·         China May CPI 1.3%, est. 1.6%, last 0.9%. China May PPI up 9%, est. 8.3%, last 6.8%. ·         World Bank published Global Economic Outlook, adjusted the year 2021 economy growth rate from 4% to 5.6%. China economy growth rate in 2021 from 7.9% …

FIS Morning Report Tanker FFA 09-06-21

  News Headlines: OIL DAYBOOK EUROPE: Asia’s Demand Recovery; Crude for Teapots (Bloomberg) Asia’s uneven oil demand recovery has been headlined by China and India, but the Covid-19 comeback that’s swept through other key fuel-consuming nations is complicating a return to pre-pandemic levels. It’s a flare-up that’s had varying impacts, but there are emerging signs …