Tag archives: CC

A Room with a Technical View 05/12/22

Capesize Jan 23 Futures – The Roll into the Jan contract has resulted in a downside breakaway gap due to the discount between the two contracts. The downside move has created a positive divergence in the futures, resulting in price finding light buying support. Upside moves that fail at or below USD 10,453 on the …

Continue reading “A Room with a Technical View 05/12/22”

Daily Virtual Steel Mill Report 05/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • G7 member countries and Australia reached a consensus to set roof price of Russia export oil at $60/barrel. • U.S. Labor Department statistics indicated that the November Non-Agricultural population reached 263,000 , beyond expected 200,000.   Iron Ore Key Indicators: • Platts62 $107.30, +4.20, MTD …

Continue reading “Daily Virtual Steel Mill Report 05/12/22”

Daily Virtual Steel Mill Report 02/12/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • China Caixin Manufacturing PMI 49.4, up 0.2 compared to October. U.K. Manufacturing November PMI 46.5, better than expected 46.2. Japan Manufacturing PMI 49, last 49.4. EU November Manufacturing PMI 47.1, lower than expected 47.3. Germany November Manufacturing PMI 46.2, last 46.7. • U.S. …

Continue reading “Daily Virtual Steel Mill Report 02/12/22”

Daily Virtual Steel Mill Report 01/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • Citi Bank expected the global economy growth drop below 2% in 2023, similar to previous predictions by Morgan Stanley, Barkley, Goldman Sachs. • China November official PMI 48, est. 49, last 49.2. • U.S. Federal Jerome Powell indicated that potentially slow down December interest hike. …

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

Freight and Commodity Podcast 30/11/22

EU sanctions on Russia, a G7 meeting, a price cap on Russian oil, an OPEC+ meeting, and rare protests in China against zero-COVID rules included in our conversations on how this impacts the freight & FFA market, crude oil & products market, and the ferrous commodity complex.   Click Below to Listen:     Website …

Continue reading “Freight and Commodity Podcast 30/11/22”

Daily Virtual Steel Mill Report 30/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • Germany October CPI up 10% on the year, lower than estimated 10.4%. • China November official PMI 48, est. 49, last 49.2.   Iron Ore Key Indicators: • Platts62 $101.25, +2.35, MTD $92.88.China CSRC reopened the refinancing of property companies, the continuous sentiment …

Continue reading “Daily Virtual Steel Mill Report 30/11/22”