Tag archives: CC

Daily Virtual Steel Mill Report 20/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • European Central Bank president Christine Lagarde indicated that high inflation would create huge impact in economy and target to bring inflation back to 2%. The ECB officials are proposing 50 bps interest raise in March. • China MIIT urged to increase the merging and restructure …

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Daily Virtual Steel Mill Report 17/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • U.S. last week jobless claims 194,000, est. 200,000, last 195,000. • China MIIT urged to increase the merging and restructure of domestic steel industries, improving the quality of steels.   Iron Ore Key Indicators: • Platts62 $124.75, +1.15, MTD $124.36. Fixed trades in mid-stream largely …

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Daily Virtual Steel Mill Report 16/02/22

Market Verdict on Iron Ore： • Neutral.     Macro： • IEA predicted that the crude oil demand expected to increase 200 million barrels/day, reaching 101.9 million barrels/day. However the restriction of Russia supply and economy recovery globally potentially cause a shortage.   Iron Ore Key Indicators: • Platts62 $123.60, -0.15, MTD $124.32. The import …

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Freight and Commodity Podcast 15/02/23

The earthquake in Turkey and Syria caused significant damage to logistics, infrastructure, and loss of life. Questions were also raised about its impact on commodities. We look at freight, FFAs, ferrous complex, and oil and products.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/2JZSF1NMc80CrBoehmtN5i?si=Ja0G8_l_SWGMW6Vn7OPCMQ   Itunes –https://podcasts.apple.com/gb/podcast/episode-118-15-02-23/id1507094242?i=1000599753813  

Daily Virtual Steel Mill Report 15/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • EU published winter report in 2023, increased the economic growth rates of EU and Euro Zone to 0.8% and 0.9%. • U.S. January CPI fell from 6.5% to 6.4%, created a 7-month drop, refreshed new low since October 2021, however higher than expected 6.2%. Core …

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Daily Virtual Steel Mill Report 14/02/22

Market Verdict on Iron Ore： • Neutral to bearish.   Macro： • EU increase the growth rate of economy from 0.3% to 0.9%. At the same time, EU decreased the inflation expectation from 6.1% to 5.6% in 2023. EU indicated that Euro potentially had escaped technical recession.   Iron Ore Key Indicators: • Platts62 $121.85, …

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