Verdict: • Short-run Neutral to Bearish. Macro: • ECB banker Christian Lagarde indicated that the 2% inflation target must be realised. ECB governor indicated the first interest cut would start in June. • Reuters: India is considering an export tax on low-grade iron ore after small steel producers urged the government to curb its …
Tag archives: CC
Daily Virtual Steel Mill Report 26/02/24
Verdict: • Short-run Neutral to Bearish. Macro: • NAR statistic indicated that the sales of existing homes increased by 3.1% in January, which created the highest level since August 2023. S&P Global statistic indicated that the US February PMI dropped from 52.0 to 51.4. • IMF indicated that Japan economy could soften in 2024, …
Daily Virtual Steel Mill Report 23/02/24
Verdict: • Short-run Neutral to Bearish. Macro: • US jobless claims at 201,000, est. 216,000, last 212,000. • US Federal Reserve Patrick Harker stated that there should be no urgency to cut interest rates. The Fed’s focus is on the job market and economic data for the coming months, which will determine when the …
Coking Coal Report 22/02/24
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Daily Virtual Steel Mill Report 22/02/24
Verdict: • Short-run Neutral to Bearish. Macro: • According to data from the China Association of Automobile Manufacturers, in January, the production and sales of commercial vehicles reached 327,000 and 324,000 respectively, a decrease of 10.7% and 11.1% month on month, and a year-on-year increase of 66.2% and 79.6%, respectively. Iron Ore Key …
Daily Virtual Steel Mill Report 21/02/24
Verdict: • Short-run Neutral to Bearish. Macro: • BOE central banker Andrew Baily indicated the policymakers potentially support interest cut even without reaching the 2% inflation rate target. Iron Ore Key Indicators: • Platts62 $121.95, -6.85, MTD $128.25. Iron ore saw a stable supply in Q1 from both Brazil and Australia, seeing all …
Coking Coal Report 20/02/24
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Daily Virtual Steel Mill Report 19/02/24
Verdict: • Short-run Neutral. Macro: • The Research Institute Beike, which was the subsidiary of the biggest China house agency, indicated that Tier I house sales down 3% on the year during Chinese New Year. Tier II sales up 98% on the year. Tier III house sales up 65% on the year. Iron …
Daily Virtual Steel Mill Report 07/02/24
Verdict: • Short-run Neutral. Macro: • In 2023, the domestic production of the top three coal producers worldwide all reached historic highs. China’s coal production reached 4.66 billion tons, a year-on-year increase of 2.9%. In 2023, India’s coal production reached 1.011 billion tons, a year-on-year increase of 10.9%. Indonesia’s coal production reached a historic …
Daily Coking Coal Report 06/02/24
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004