Tag archives: CC

Daily Virtual Steel Mill Report 14/02/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • EU increase the growth rate of economy from 0.3% to 0.9%. At the same time, EU decreased the inflation expectation from 6.1% to 5.6% in 2023. EU indicated that Euro potentially had escaped technical recession.   Iron Ore Key Indicators: • Platts62 $121.85, …

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Daily Virtual Steel Mill Report 13/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China January CPI up 2.1% on the year, lower than expected 2.3%, up 0.8% on the month, refreshed new high since January in 2021. China January PPI down 0.8% on the year, down 0.4% on the month.   Iron Ore Key Indicators: • Platts62 $126.10, …

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Daily Virtual Steel Mill Report 10/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • China NDRC held meeting to improve price stablisation in 2023, including strengthening supply, enhancing price mechanism and increasing effective price management.   Iron Ore Key Indicators: • Platts62 $125.50, +2.60, MTD $124.61. Recently BHP sold few laycans of JMBF at IODEX March Index and a …

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Daily Virtual Steel Mill Report 09/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • EIA predicted the WTI price reached $83.63/barrel in 2023, $77.84/barrel in 2024.   Iron Ore Key Indicators: • Platts62 $122.90, +1.20, MTD $124.46. The BHP operation stoppage for 24 hours had limited impact on the production and shipment of iron ore. BHP sold JMBF at …

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Freight and Commodity Podcast 08/02/23

Iron ore inventories reach a six-month high last week. We discuss supply pressure in H1 and whether Australia’s FOB coking coal continuous growth is sustainable. In addition, we get a technical view of iron ore and freight markets.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/37l5j8sHMlUrnxunOiSXx7?si=eD7wUnDbRi6iXQhOawnodQ   Itunes – …

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Daily Virtual Steel Mill Report 08/02/22

Market Verdict on Iron Ore： • Neutral.   Macro: • The U.S. Federal president Jerome Powell indicated that if inflation maintained stronger than expectation, federal would consider to extend interest hike to 2024 to reach the target level at 2%.   Iron Ore Key Indicators: • Platts62 $121.70, -2.35, MTD $124.77. BHP sold JMBF at …

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