Tag archives: CC

Daily Virtual Steel Mill Report 11/10/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Chicago Federal official Charles Evans indicated that extra supply-chain interactions were not an issue when the unemployment rate was around the same low level in 2019, with less inflationary impact. Evans believed that if this steeper-than-usual Phillips curve is generating much of the …

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A Room with a Technical View 10/10/22

Capesize November Futures – The technical was bullish neutral last week, having held fractal support at USD 14,750. The futures had been moving higher, supported by an oversold stochastic alongside a neutral RSI; we highlighted key resistance at USD 18,917. Upside moves that failed at or below this level would leave the futures vulnerable to …

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Daily Virtual Steel Mill Report 10/10/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Chinese September Caixin PMI 49.3, first time below boom and bust line after June. Caixin Manufacturing PMI down 1.4% at 48.1.   Iron Ore Key Indicators: • Platts62 $95.80, unchanged, MTD $95.62. The trade activity in general eased off before and during golden …

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Freight and Commodity Podcast 05/10/22

In this week’s episode, we speak with the Head of the Shipbroking team and Director of Singapore Office Kim Klarmann about his thoughts on the physical freight market. We also spotlight the FFA market, geopolitical events, and market movements of our major freight and commodity markets.   Click Below to Listen:     Website – …

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A Room with a Technical View 04/10/22

Capesize November Futures – The downside move in the futures has held at the USD 14,750 support meaning the technical remains bullish but with a neutral bias (the intraday technical is bearish). Upside moves that fail at or below USD 18,917 will leave the futures vulnerable to further tests to the downside; above this level, …

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