Daily Virtual Steel Mill Report 28/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • China Jan-Feb industrial net income above designated scale reached 887.21 billion yuan, down 22.9% on the year • U.S. Insurance company FDIC said that First Citizens Bank & Trust Co. would take over all deposits and loans from Silicon Valley Bank (SVB), which may ease …

Daily Virtual Steel Mill Report 27/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • U.S. Market Manufacturing PMI at 49.3, refreshed the highest since October 2022, est. 47, last 47.3. • China central bank PBOC officially cut RRR by 25 bps on March 27th, equivalent to 600 billion yuan of mid-term liquidity.   Iron Ore Key Indicators: • Platts62 …

Daily Virtual Steel Mill Report 24/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • The Bank of England announced a 25 basis point increase in its benchmark interest rate to 4.25%, in line with market expectations. This is the 11th consecutive interest rate hike by the Bank of England since December 2021. The Bank of England said signs of …

Daily Virtual Steel Mill Report 23/03/22

Market Verdict on Iron Ore: • Neutral to Bearish.   Macro: • U.S. Federal hiked 25 bps interest rate to reach 4.75- 5%, as expected from Fed tools. The market expected a interest decrease before the end of 2023 to stimulate economy growth. • U.S. lowered GDP growth rate to 0.4% in 2023, previously estimated …

Freight and Commodity Podcast 22/03/23

FIS were at the forefront of the Singapore Exchange Container futures launch in February 2023. We discuss the launch of the four contracts and the outlook for the Container market in 2023.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/3z1iWsFPu4YuF2ZGmpHYh0?si=_SzDsmCHS1qhKvbxJddqlA   Itunes –https://podcasts.apple.com/gb/podcast/episode-123-22-03-2023/id1507094242?i=1000605344018