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″]
Tag archives: CC
Daily Virtual Steel Mill Report 26/09/23
Verdict: • Short-run Neutral to Bearish. Macro: • ECB president Christian Lagarde indicated that the pre-historic high deposit rate could resist inflation to 2%, interest hike is still an option in rest of 2023. • Evergrande Real Estate failed to settle principal and interest payments with the bond code”20 Hengda 04”, which should be …
Daily Virtual Steel Mill Report 25/09/23
Verdict: • Short-run Neutral to Bearish. Macro: • China and US will officially launch two new working groups on economic and financial issues, aiming to provide a regular policy communication forum for the two countries and will hold regular meetings. • US Federal Reserve Governor Bowman stated that the inflation was too high and …
Daily Virtual Steel Mill Report 21/09/23
Verdict: • Short-run Neutral. Macro: • US Federal maintained interest rate from 5.25- 5.5% unchanged in the FOMC meeting in September, fell in the expectation of economists. • UK inflation rate refreshed an 18-month low, which decreased expectations on further hikes. Iron Ore Key Indicators: • Platts62 $124.65, +1.90, MTD $121.42. JMBF discount …
Daily Virtual Steel Mill Report 20/09/23
Verdict: • Short-run Neutral. Macro: • The OECD increased economy growth to 3.0% from 2.7% for 2023, and decreased growth rate from 2.9% to 2.7% for 2024. • IMF governor Alfred Kammer indicated that the ECB cannot afford interest cut in 2024. Iron Ore Key Indicators: • Platts62 $122.75, -1.70, MTD $121.15. JMBF …
Ferrous Weekly Report 19/09/23
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″][pdf-embedder url=”https://fisapp.com/wp-content/uploads/2023/07/Americas-Bunker-Fuel-Market-Update-13-07-23-003-1.pdf” title=”Americas Bunker Fuel …
Daily Virtual Steel Mill Report 19/09/23
Verdict: • Short-run Neutral. Macro: • US Treasury Secretary Janet Yellen said that it’s premature to judge the impact of UAW strike, and sought for a “win-win” deal. • ECB governors indicated that the Thursday interest hike potentially become the last hike in the year. Iron Ore Key Indicators: • Platts62 $124.45, -1.15, …
Daily Virtual Steel Mill Report 18/09/23
Verdict: • Short-run Neutral. Macro: • FedWatch indicated that the probability of skipping interest hike in September reached as high as 98%. The 25 bps hike probability for November or December reached 60%. Iron Ore Key Indicators: • Platts62 $125.60, +1.65, MTD $120.66. The seaborne iron ore market saw improved popularity because of …
Daily Virtual Steel Mill Report 15/09/23
Verdict: • Short-run Neutral to Bullish. Macro: • China announced reserve requirement ratio cut by 0.25% to consolidate the foundation for economy recovery. The reduction is the second RRR cut during 2023, expected to release over 500 billion yuan in medium liquidity. Iron Ore Key Indicators: • Platts62 $123.95, +1.45, MTD $120.11. The …
Daily Virtual Steel Mill Report 14/09/23
Verdict: • Short-run Neutral. Macro: • US August CPI up 3.7%, higher than expected 3.6%, last 3.2%. Core CPI up 4.3%, est. 4.3%, last 4.7%. • Europe Union will launch a probe of EV subsidies against China. Iron Ore Key Indicators: • Platts62 $122.60, +1.95, MTD $119.21. The mid-grade saw massive fixed trade …