Market Verdict on Iron Ore: • Neutral. Macro: • The Presiden of Indonesia, Joko Widodo, said that his country would stop exporting refined copper, because this metal would be processed into cathode copper domestically. It is understood that Free economic zone Indonesia and Amman Mineral Internal will complete the construction of smelters next year, …
Tag archives: CC
Ferrous Weekly Report 20/06/23
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Daily Virtual Steel Mill Report 20/06/23
Market Verdict on Iron Ore: • Neutral. Macro: • China 1-year length and 5-year length Loan Prime Rate down 10 bps, previously maintained unchanged for 9 months. • China NBS: China produced 16,613 units of excavators, down 25.9% on the year. Total produced 117,524 units of excavators, down 17.8% on the year. Iron …
Daily Virtual Steel Mill Report 19/06/23
Market Verdict on Iron Ore: • Neutral. Macro: • Christine Lagarde expected the high inflation would maintain at high level in very long times, ECB potentially increase interest rate in July. • China NBS: China exported 4.57 million tons of flat steel, up 0.7% on the year. Jan-May total exported 23.56 million tons of …
Singapore Iron Ore Derivatives Report 16/06/23
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London Iron Ore Derivatives Report 15/06/23
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Singapore Iron Ore Derivatives Report 15/06/23
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
Morning Steel and Scrap Report 15/06/23
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Daily Virtual Steel Mill Report 15/06/23
Market Verdict on Iron Ore: • Neutral. Macro: • U.S. lowered the unemployment rate expectation to 4.1%, est. 4.5%. U.S. PPI in May up 1.1%, refreshed new low since December 2020, est. 1.5%, last 2.3%. PPI down 0.3% on the month, est. down 0.1%, last increase 0.2%. • U.S. FOMC announced to maintain unchanged …
London Iron Ore Derivatives Report 14/06/23
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