Market Verdict on Iron Ore： • Neutral. Macro： • Bloomberg: major economists believed that the next interest rate increase would ended 16 months interest hike. • Platts62 $116.25, +2.25, MTD $111.87. Seaborne market became quiet during the past two days. There was secondary trade on PBF at $1.1 based on August Index. Be aware …
Tag archives: CC
Daily Virtual Steel Mill Report 20/07/23
Market Verdict on Iron Ore： • Neutral. Macro： • Bloomberg: China mulls mortgage easing to spur home purchases in Tier I cities including Beijing and Shanghai. Iron Ore Key Indicators: • Platts62 $114.00, -1.85, MTD $111.53. The seaborne iron ore suddenly muted yesterday after a big day before, indicating that the market yet …
Daily Virtual Steel Mill Report 19/07/23
Market Verdict on Iron Ore： • Neutral. Macro： • JPM said that the China housing turmoil raised chance for lower down payment ratios. Previously, the huge debt default risk in Evergrande failed analysts expectations. Iron Ore Key Indicators: • Platts62 $115.85, +0.80, MTD $111.33. The seaborne trade refreshed the most active day of …
Ferrous Weekly Report 18/07/23
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
FIS Ferrous Weekly Report 11/07/23
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
Daily Virtual Steel Mill Report 10/07/23
Market Verdict on Iron Ore： • Neutral to Bearish. Macro： • China June CPI unchanged on the year, down 0.2% from May. China June PPI down 5.4% on the year, down 0.8% from May. • Initial jobless claim in U.S. for the week ended July 1st increased by 12,000 to 248,000, est. 245,000, indicating …
Daily Virtual Steel Mill Report 07/07/23
Market Verdict on Iron Ore： • Neutral. Macro： • The number of ADP employment in the US increased by 497,000 in June, the highest level since February last year, much higher than the expected 225,000 and far ahead of the expected 278,000. The yield of US two-year treasury bond bonds rose to 5.084%, the …
Daily Virtual Steel Mill Report 06/07/23
Market Verdict on Iron Ore： • Neutral. Macro： • U.S. Federal Reserve indicated divisions over interest rate decision in June meeting, however all committing to hike again later this month to fight against inflation. • Eurozone PPI down 1.9% on the month est. down 1.8%, last down 3.2%. PPI down 1.% on the year, …
Daily Virtual Steel Mill Report 05/07/23
Market Verdict on Iron Ore： • Neutral to Bearish. Macro： • The Manufacturing PMI in June reached 53.9, down 3.2 from last month. The index maintained above boom and bust line for consecutive six months. Iron Ore Key Indicators: • Platts62 $110.50, -0.05, MTD $110.53. The BRBF source became tight in the next …
Ferrous Weekly Report 04.07.23
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