Tag archives: CC

Daily Virtual Steel Mill Report 11/07/22

Market Verdict on Iron Ore： • Neutral.   Macro • Chinese CPI in June up 2.5%, up 0.4% from May, refreshed the highest since August. PPI up 6.1% in June, down 0.3% from May, created eight months consecutive drop. • U.S. strong June job statistic supported the 75 basis points of interest rate increase in …

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Germany Is Considering Bringing Back Coal To Ensure Energy Supply 08/07/22

 Germany Weighs Intervention in Energy Markets to Bring Back Coal   Germany is considering intervening in its energy markets to bring coal plants back online and conserve natural gas as it rushes to limit further disruptions from top-supplier Russia. Parliament on Thursday plans to vote on a regulation that would provide compensation to coal-plant operators …

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Daily Virtual Steel Mill Report 07/07/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Balkin, Secretary General of OPEC, said that the oil and gas industry was being “Besieged” due to years of insufficient investment. He added that if Iran and Venezuela were allowed to bring more supplies, the shortage could be alleviated. Balkin predicted that the …

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A Room with a Technical View 05/07/22

Capesize August Futures – last week we noted that the divergence will need to be monitored on the July contract, price did move higher but failed to trade above the fractal resistance at USD 26,625 resulting in the futures moving to the downside. The roll into August has created a higher high meaning the rolling …

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