Daily Virtual Steel Mill Report 13/09/22

Market Verdict on Iron Ore: • Neutral to bullish.   Macro • China NBS:Chinese August PPI up 2.5% on the year, down 1.2% on the month. Chinese August CPI up 2.5% on the year, down 0.1% on the month. Chinese August M2 supply up 12.2% on the year, est. 12.2%, last 12%.   Iron Ore …

A Room with a Technical View 12/09/22

Capesize October Futures – As noted last week, the futures had started to move lower with downside moves that held above the USD 11,132, supporting a near-term bull argument. The futures traded down to but held the USD 11,132 level, supporting a near-term bull argument, resulting in the futures moving higher (current price USD 15,250 …

Freight and Commodity Podcast 07/09/22

On this week’s episode, we speak with the Head of Business Development, our Fuel Oil Broker and our Technical Analyst to look at what’s happening in the world of Freight, Iron Ore, and Oil.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/2Jgo9jFQq4VEvIGcA5yneJ?si=IJq-p2jTReWguZtNA8n1Rg   Itunes – https://podcasts.apple.com/gb/podcast/episode-105-07-09-22/id1507094242?i=1000578716086  

Daily Virtual Steel Mill Report 07/09/22

Market Verdict on Iron Ore: • Neutral.   Macro • British new PM Elizabeth Truss said that she will prioritise economic growth, tackling energy crisis and improving access to health service. • From January to August, China imported 723 million tons of iron ores, down 3.1% on the year. China imported 61.33 million tons of …