Derivatives Factsheet – November 2022

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Daily Virtual Steel Mill Report 12/12/22

Market Verdict on Iron Ore: • Neutral.   Macro: • IMF predicted the global economy growth rate at 2.7% in 2023, there was 25% probability that the growth rate would be lower than 2%. IMF predicted that at least 1/3 of the countries would fall into economic recession.   Iron Ore Key Indicators: • Platts62 …

Daily Virtual Steel Mill Report 09/12/22

Market Verdict on Iron Ore: • Neutral.   Macro: • U.S. last week jobless claims filed at 230,000, est. 230,000, last 225,000. • China November CPI up 1.6%, last 2.1%. China November PPI down 1.3%, down 1.3% last.   Iron Ore Key Indicators: • Platts62 $110.70, +3.25, MTD $107.98. Brazil northern system rainy weather potentially …

Daily Virtual Steel Mill Report 08/12/22

Market Verdict on Iron Ore: • Neutral.   Macro: • China state council published new measures on the pandemic control, which require no PCR test to public areas except schools, hospital and some densely populated areas. Travelling persons are not required to provide PCR test results and new tests. • Canada central bank would raise …

Daily Virtual Steel Mill Report 06/12/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro: • China Jan- Nov local debts issuance reached 7.3 trillion yuan, a historical high. • Many cities in China eased off the pandemic control in early this week, including optimise the PCR test, travel, and medical purchase.   Iron Ore Key Indicators: • Platts62 …