Freight and Commodity Podcast 22/03/23

FIS were at the forefront of the Singapore Exchange Container futures launch in February 2023. We discuss the launch of the four contracts and the outlook for the Container market in 2023.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/3z1iWsFPu4YuF2ZGmpHYh0?si=_SzDsmCHS1qhKvbxJddqlA   Itunes –https://podcasts.apple.com/gb/podcast/episode-123-22-03-2023/id1507094242?i=1000605344018  

Daily Virtual Steel Mill Report 21/03/22

Market Verdict on Iron Ore: • Neutral to Bearish.   Macro: • CME FedWatch indicated that the 25 bps interest hike in March had reached 87.1%. • U.S. Finance Minister said that if small banks encounter a run and risk out-spread, they are willing to intervene to protect deposits.   Iron Ore Key Indicators: • …

Daily Virtual Steel Mill Report 21/03/22

Market Verdict on Iron Ore: • Neutral to Bearish.   Macro: • CME FedWatch indicated that the 25 bps interest hike in March had reached 76.8%. • The Swiss government has committed nearly 260 billion Swiss francs to rescue Credit Suisse, equivalent to one-third of Swiss GDP.   Iron Ore Key Indicators: • Platts62 $126.50, …

Daily Virtual Steel Mill Report 20/03/22

Market Verdict on Iron Ore: • Neutral to Bearish.   Macro: • China PBOC announced that it will cut Reserve Requirement Rate by 25 bps for Financial institutions starting from March 27th, viewed as a positive sign to the investment market. • UBS to buy Credit Suisse in $3.3 billion to end crisis.   Iron …

Daily Virtual Steel Mill Report 17/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • The European Central Bank, raised interest rates by 50 basis points, has persisted in fighting inflation, ignoring calls from some investors for a temporary tightening of policy until the banking turmoil has eased. The ECB announced that it would raise its deposit rate to 3%, …

Daily Virtual Steel Mill Report 16/03/22

Market Verdict on Iron Ore: • Neutral to bearish.   Macro: • The Federal Reserve interest rate swap indicated that the interest rates potentially decrease by 100 basis points before December. • US PPI rose 4.6% year-on-year in February, estimated 5.4%, and the previous value was revised to increase 5.7%; A month-on-month decrease of 0.1%, …