Market Verdict on Iron Ore： • Neutral to bullish. Macro • China PBOC decreased foreign reserve ratio from 8% to 6% to neutralise the depreciation risk on Chinese Yuan, which was the second time cut on this ratio within the year. • Chinese financial department statistics indicated that total debt issuance at 352 million …
Tag archives: CC
Coking Coal Report 05/09/22
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
A Room with a Technical View 05/09/22
Capesize October Futures – The futures roll has resulted in the technical producing an upside gap due to the carry against the September futures. We have seen a couple of bullish days following the roll, resulting in price trading into the Fibonacci resistance zone; however, the upside move has failed to trade above the USD …
Daily Virtual Steel Mill Report 05/09/22
Market Verdict on Iron Ore： • Neutral. Macro • An official from the Ministry of Industry and Information Technology (MIIT) said at the raw material industry high-quality development press conference that the prices of steel, copper, aluminum, cement and other products have declined recently, and that the MIIT will continue to ensure supply and …
Coking Coal Report 02/09/22
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Daily Virtual Steel Mill Report 02/09/22
Market Verdict on Iron Ore： • Neutral. Macro • Eurozone 19 countries August PMI decreased from 49.8 to 49.6, indicating the high energy cost and consumer price lower the demand. Germany and Italy PMI refreshed 26-months low. Iron Ore Key Indicators: • Platts62 $95.6, -5.35, AVG $95.6. PBF and NMHG regained popularity, with …
Coking Coal Report 01/09/22
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Daily Virtual Steel Mill Report 01/09/22
Market Verdict on Iron Ore： • Neutral. Macro • Eurozon August CPI up 9.1% on the year, refreshed historical high, est. 9%, last 8.9%. • The number of U.S. ADP in August was 132,000, much less than expected 300,000. Iron Ore Key Indicators: • Platts62 $100.95, +3.35, AUG AVG $104.76. PBF and NMHG …
Coking Coal Report 31/08/22
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004
Daily Virtual Steel Mill Report 31/08/22
Market Verdict on Iron Ore： • Neutral. Macro • ECB official indicated to increase previous interest hike from 50 bps to 75 bps. • China August Manufacturing PMI 49.4, est. 49.2, last 49.0. Iron Ore Key Indicators: • Platts62 $97.60, -4.15, MTD 104.94. Both seaborne and portside market saw a cooling down on …