Tag archives: CC

Daily Virtual Steel Mill Report 10/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • The vice president of ECB Luis de Guindos indicated that the bank would maintain interest increase till the inflation return to stable mode. The inflation rate expected to reach 10.7% and decrease from mid-2023. • China October PPI down 1.3% on the year, …

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Daily Virtual Steel Mill Report 09/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro： • The vice president of ECB Luis de Guindos indicated that the bank would maintain interest increase till the inflation return to stable mode. The inflation rate expected to reach 10.7% and decrease from mid-2023. • China Machinery Association statistics covering 26 enterprises indciated …

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Daily Virtual Steel Mill Report 08/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • Surveys indicated that Eurozone investing confidence index Sentix improved – 38.3 to 30.9, higher than expected 35, indicated the decrease in energy price prevent the shortage in winter. • China customs statistics indicated that the first 10 months import amount at 34.62 trillion …

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A Room with a Technical View 07/11/22

Capesize Dec Futures – The trend remains technically bearish, having broken the head and shoulders neckline to the sell side (neckline USD 14,750), resulting in the futures trading to a low of USD 10,150. We have seen light buying support in the last five sessions with what potentially looks like a bear flag forming; the …

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Daily Virtual Steel Mill Report 07/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • Chinese governors launched speech in Import Expo that China would promote all countries to share the country’s market opportunities, accelerate the construction of a bigger domestic market, optimize the trade mechanism, innovate the trade and services, and expand the import of high-quality products. …

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Daily Virtual Steel Mill Report 04/11/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • BOE increased interest rate by 75 bps to 3%, refreshed the highest interest rate since 2008. • U.S. interest rate traders believed that the Federal would maintain the target interest rate at 5% during most time of 2023 to fight inflation.   Iron …

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