Tag archives: CC

Daily Virtual Steel Mill Report 12/01/22

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 …

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Freight and Commodity Podcast 11/01/23

John Banaszkiewicz, CEO and founder of Freight Investor Services, has a conversation with us about the FFA market in 2022, FFA in 2023, China opening up and its impact, and what FIS is doing about the war in Ukraine.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/3KisbQjd5oaqb9a1HayYev?si=z62DZhf3SQOOz2ALchZtDg   Itunes …

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Daily Virtual Steel Mill Report 11/01/22

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 …

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Daily Virtual Steel Mill Report 10/01/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • ECB announced that the strong EU salaries increase would become important factor to support interest hike. • U.S. Atlantic Federal president Raphael Bostic predicted a 1% economy growth in U.S. in 2023 instead of recession. Bostic believed that inflation rate potentially drop to …

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Daily Virtual Steel Mill Report 09/01/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • U.S. non-agriculture claims increased by 223,000 in December, created the smallest increase since December 2020, higher than predicted 200,000. • U.S. Atlantic Federal president Raphael Bostic indicated that the Federal would insist on interest hike to fight high inflation, till interest rate reach …

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