Verdict: • Short-run Neutral. Macro: • China real estate developers rise after China injected $50 billion worth of low-cost funds into banks last month. Shanghai also announced lower down payment ratio for houses on Tuesday. Iron Ore Key Indicators: • Platts62 $143.20, +2.70, MTD $143.20. The liquidity injection news from China supported the …
Tag archives: CC
Coking Coal Report 02/01/24
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 7-23.pdf” title=”Europe Africa Bunker Fuel Market Update 06-07-23″]
Daily Virtual Steel Mill Report 02/01/24
Verdict: • Short-run Neutral. Macro: • China December Manufacturing PMI 49.0, est. 49.5, last 49.4. Non-Manufacturing PMI 50.4, est. 50.5, last 50.2. Iron Ore Key Indicators: • Platts62 $140.50, +1.60, MTD $136.37. Steel mills maintained low inventory levels during past week due to low steel margin. FMG widened the discounts for term contracts …
Daily Virtual Steel Mill Report 22/12/23
Verdict: • Short-run Neutral. Macro: • US Q3 GDP annual rate at 4.9%, less than expected 5.2%. Q3 PCE consumer price index up 2% on the year, lower than expected 2.3%. • China tax council announced a new list of tax exemption and preference lists covering as many as 8957 items of commodities, including …
Daily Virtual Steel Mill Report 21/12/23
Verdict: • Short-run Neutral. Macro: • EIA statistics indicated that US crude oil production reached 13.3 million barrels/day, refreshed historical high. • UK CPI in November down 0.2% on the month, created the first negative number since July. Iron Ore Key Indicators: • Platts62 $134.95, +1.15, MTD $134.80. Seaborne market regained popularity after …
Daily Virtual Steel Mill Report 20/12/23
Verdict: • Short-run Neutral. Macro: • The Eurozone November CPI reached – 0.6% on the month, refreshed the biggest monthly drop since January 2020. • The situation in the Red Sea lift concerns from traders, WTI continued its upward trend and once rose by more than 2%. The world’s biggest shipping companies said container …
Daily Virtual Steel Mill Report 19/12/23
Verdict: • Short-run Neutral. Macro: • The US Federal Governor Mary Daly indicated that a rate cut in 2024 would be appropriate. A total three cut in 2024 should be necessary. • European Central Bank Council member said that the market expectations for an interest rate cut in next March or April are too …
Coking Coal Report 18/12/23
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 7-23.pdf” title=”Europe Africa Bunker Fuel Market Update 06-07-23″]
Daily Virtual Steel Mill Report 18/12/23
Verdict: • Short-run Neutral. Macro: • The New York Federal governor John Williams said: “We are not really talking about cutting interest rates right now.” He said of the issue of interest rate cuts: “I just think it is too early to think about it.” U.S. interest rate futures responded with a sudden drop …
Daily Virtual Steel Mill Report 15/12/23
Verdict: • Short-run Neutral. Macro: • Beijing and Shanghai are optimising real estate market policies. Beijing has decreased the down payment ratio to 30% for the first home puchase, and the 40% for the second home purchase. House loans cycle rise from 25 years to 30 years. The lower limit of the interest rate …