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Tag archives: CC
FIS Steel & Scrap Morning Report 26/04/2023
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
Daily Virtual Steel Mill Report 26/04/22
Market Verdict on Iron Ore： • Neutral to bullish. Macro： • The draft of China banks’ mortgage approvals became a sign for the levy of real estate tax. However most of house analysts believed that the tax potentially take many years to land. Moreover, some big southern cities eased house buying restrictions for non-residents. …
Daily Virtual Steel Mill Report 24/04/22
Market Verdict on Iron Ore： • Neutral. Macro： • Wells Fargo Bank recently predicted that the US economy will enter a recession later this year, but the Federal Reserve will not lower interest rates this year. The bank expected that the Federal Reserve would not turn until inflation expectation approached 2%, and rate cuts …
Daily Virtual Steel Mill Report 20/04/22
Market Verdict on Iron Ore： • Neutral. Macro： • The Federal Reserve stated in its Beige Book that in recent weeks, the US economy has stagnated, recruitment and inflation have slowed, and credit channels have narrowed. The US Republican Party proposes to raise the debt ceiling by $1.5 trillion or extend it until March …
Daily Virtual Steel Mill Report 19/04/22
Market Verdict on Iron Ore： • Neutral. Macro: • U.S. Federal governor Raphael Bostic estimated the interest rate would maintain unchanged for a long period after the last hike in 2023. The Federal Reserve’s support for further interest rate hikes to cope with persistent inflation. The market has exaggerated concerns about economic recession. • …
Ferrous Weekly Report 18/04/2023
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
Daily Virtual Steel Mill Report 18/04/22
Market Verdict on Iron Ore： • Neutral. Macro： • U.S. NAHB April index 45, last 44, est. 44. The improvement on the housing investment was contributed by the limited sources of second-hand houses on the market, as well as the lower mortgage rates, which stimulated the demand for new houses. • China Q1 GDP …
Daily Virtual Steel Mill Report 17/04/22
Market Verdict on Iron Ore： • Neutral. Macro： • ECB official indicated that to stop interest hike or to increase by 25 bps or potentially become major decision of the next meeting, instead of a 50bps hike. Iron Ore Key Indicators: • Platts62 $118.90, -0.05, MTD $120.42. Physical traders expected active trading activities …
Daily Virtual Steel Mill Report 13/04/22
Market Verdict on Iron Ore： • Neutral. Macro: • U.S. March CPI up 5% on the year, lower than 5.2% expected, refreshed new low from May 2021, created a consecutive 9-month drop. However core CPI in March up from 5.5% to 5.6%. • G7 Group indicated that the central banks in global countries would …