Tag archives: CC

Freight and Commodity Podcast 22/02/23

Shipping and marine fuel journalist and content manager Erik Hoffmann from ENGINE Online is our guest speaker. He discusses the EU sanctions on refined Russian oil products, their impact on fuel oil, ESG’s impact on the physical bunker, alternative fuels in the shipping industry and much more.   Click Below to Listen:     Website …

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Daily Virtual Steel Mill Report 22/02/22

Market Verdict on Iron Ore： • Neutral.   Macro: • IMF indicated that Asian central banks would think about incease interest rate if inflation failed to reach the target rate in 2023. • U.S. Manufacturing PMI reached 47.8 in February, up from 46.9 in January, refreshed a four-month-high.   Iron Ore Key Indicators: • Platts62 …

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Daily Virtual Steel Mill Report 21/02/22

Market Verdict on Iron Ore： • Neutral.   Macro： • The central bank of Germany indicated that Germany economy expected to recover in particular after the resilience growth rate of last Q4. However it would take more time to moderate high consumer price.   Iron Ore Key Indicators: • Platts62 $129.55, +2.25, MTD $124.94. Fixed …

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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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