Tag archives: CC

Market Verdict on Iron Ore： • Neutral to bearish.   Macro: • The China Banking and Insurance Regulatory Commission issued a message that it should focus on expanding domestic demand and lead the banking and insurance industry to give priority to supporting recovery and expanding consumption, including issuing relevant financial products, supporting consumption in housing, …

Continue reading “Daily Virtual Steel Mill Report 17/01/22”

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • China exported 3.32 million automobiles in 2022, up 56.8% on the year. Import 878,000 vehicles, down 6.2% on the year. China produced 27.02 million automobiles, up 3.4% on the year. Sales at 26.86 million vehicles, up 2.1% on the year. • The initial …

Continue reading “Daily Virtual Steel Mill Report 16/01/22”

Market Verdict on Iron Ore： • Neutral.   Macro: • The annual rate of CPI in the U.S. in December was 6.5%, expected 6.50%, and the previous value was 7.10%. • Research Center of the Chinese Academy of Sciences: China’s economy condition maintain resilient in 2023, and the annual GDP growth rate is expected to …

Continue reading “Daily Virtual Steel Mill Report 13/01/22”

Market Verdict on Iron Ore： • Neutral.   Macro: • China National Bureau of Statistics: China PPI in December down 0.7% on the year, down 0.5% on the month. CPI up 1.8% in December, flat from last month. • China’s regulatory authorities have preliminarily determined the list of high-quality developers to implement the “Balance Sheet …

Continue reading “Daily Virtual Steel Mill Report 12/01/22”

Market Verdict on Iron Ore： • Neutral.   Macro: • China PBOC statistic indicated that December M2 up 11.8%, up 2.8% on the year, lower than 12.4% in November.   Iron Ore Key Indicators: • Platts62 $118.70, -1.10, MTD $118.07.Seaborne saw the most active trade in January yesterday. IOCJ traded at $137.2. MACF traded at …

Continue reading “Daily Virtual Steel Mill Report 11/01/22”