Tag archives: CC

Daily Virtual Steel Mill Report 06/12/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro: • China Jan- Nov local debts issuance reached 7.3 trillion yuan, a historical high. • Many cities in China eased off the pandemic control in early this week, including optimise the PCR test, travel, and medical purchase.   Iron Ore Key Indicators: • Platts62 …

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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 …

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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 …

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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. …

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