Freight and Commodity Podcast 01/03/23

A summary of the fertilizer market in 2022, volume and volatility in the last few weeks and what’s next for the fertilizer market. A discussion on a new product due to be released this year and upcoming events. For more information, please send an email to ferts@freightinvestor.com.   Click Below to Listen:     Website …

Daily Virtual Steel Mill Report 01/03/22

Market Verdict on Iron Ore: • Neutral.   Macro: • China “Two Sessions” political conference would open soon. The market was focusing on the government report, including economy target, investment confidence, market risk, jobs. • ECB economist believed that the Eurozone inflation risk started to ease, however the EBC would not end the rate hike …

Daily Virtual Steel Mill Report 27/02/22

Market Verdict on Iron Ore: • Neutral to bearish.   Macro: • CNH and CNY depreciated to 6.98 and 6.96 respectively, both refreshed new highs in 2023. • U.S. January PCE up 0.6% on the year, refreshed the biggest increase since August 2022, est. 0.4%, last 0.3%.   Iron Ore Key Indicators: • Platts62 $126.65, …

Daily Virtual Steel Mill Report 24/02/22

Market Verdict on Iron Ore: • Neutral.   Macro: • U.S. jobless claims fell to unexpected 192,000, estimated 200,000. Iron Ore Key Indicators: • Platts62 $130.20, -0.40, MTD $125.99. Fixed price still dominate the market in current two weeks. The import margin vanished again for mid-grade and high grade as the quick push on iron …

Daily Virtual Steel Mill Report 23/02/22

Market Verdict on Iron Ore: • Neutral.   Macro: • U.S. FOMC indicated that most of officials had saw the positive effect of slower hike. Thus, most of officials are voting for 25 bps hike. The U.S. Federal believed that the inflation risk was in general controllable.   Iron Ore Key Indicators: • Platts62 $130.60, …