Tag archives: CC

A Room with a Technical View 19/12/22

Capesize Jan 23 Futures – Technically bearish two weeks ago, we noted that the roll into Jan had created a positive divergence with the RSI, meaning we did not consider the futures a technical sell. We did move higher with price trading above the USD 10,453 level, indicating that the technical, although bearish, now has …

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Daily Virtual Steel Mill Report 16/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • ECB: Estimated GDP growth in 2022 at 3.4%, est. 3.1%. GDP growth in 2023 at 0.5%, est. 0.9%. GDP growth in 2024 at 1.9%, est. 1.9%. • Dow Jones Index created the biggest single day correction over last three month. U.S. November retail sales drop …

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Daily Virtual Steel Mill Report 15/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • The U.S. Federal Reserve raised interest rates by 50 basis points in the last FOMC in 2022 as expected, and the benchmark interest rate rose to a new 15 year high of 4.25% – 4.5%, and reiterated that it was “possible” and appropriate to continue …

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Freight and Commodity Podcast 14/12/22

A focus on new developments with Ammonia derivatives, how they could be used to manage physical price risk, the market opportunity, the Argus Clean Ammonia Europe Conference, and how grey ammonia derivatives would work in the fertiliser and energy markets.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/7suNjJ1xITsnKoIXQNlC2D?si=HtH4vonuR322rxI8_InXMQ   …

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Daily Virtual Steel Mill Report 14/12/22

Market Verdict on Iron Ore： • Neutral.   Macro: • U.S. CPI up 0.1% in November on the month, estimated up 0.3%, last 0.4%. November CPI up 7.1% on the year, created the smallest single month increase since December 2021, est. 7.3%, last 7.7%. November PCE up 6% on the year, est. 6.1%, last 6.3%. …

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