Market Verdict on Iron Ore: • Neutral to bullish. Macro: • U.S. ISM PMI in October at 50.2, refreshed new low since May 2020. U.S. markit manufacturing PMI 50.4, refreshed new low since June 2020. • ECB president Christine Lagarde said that the main task of Europe at present is to stabilize prices, and …
Tag archives: CC
Coking Coal Report 01/11/22
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Ferrous Weekly Analysis Report 01/11/22
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A Room with a Technical View 31/10/22
Oil December Futures – We noted on the last report that the futures were bullish but in a corrective phase with key near-term support at USD 90.57; a build in the aggregate open interest (AOI) suggested the market was building to the long side. The futures broke Fibonacci support but held the USD 86.35 fractal, …
Daily Virtual Steel Mill Report 01/11/22
Market Verdict on Iron Ore: • Neutral. Macro: • Chinese October Manufacturing PMI 49.2, last 50.1. Non-manufacturing PMI 48.7, last 50.6. • Euro zone Q3 GDP growth rate 0.2% from Q2, est. 0.1%, last 0.8%. Eurozone October adjusted CPI up 1.5% on the month, est. 1.2%, last 1.2%. Eurozone October inflation rate refreshed highest …
Coking Coal Report 31/10/22
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 28/10/22
Market Verdict on Iron Ore: • Neutral. Macro: • Chinese NBS: For the first nine months of the year, Chinese industrial enterprises value-added above designated scale 6.24 trillion yuan, down 2.3% y-o-y. • U.S. Q3 GDP up 2.6% on the year, higher than expected 2.4%, created the first positive growth quarter after two consecutive …
Coking Coal Report 27/10/22
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 27/10/22
Market Verdict on Iron Ore: • Neutral. Macro: • U.S. dollar index depreciated fast from 113.93 to 109.53 since Oct 21st. Non-U.S. currency appreciated significantly during this week. Chinese yuan appreciated over 1200 bps yesterday. • World Bank: Due to the EU embargo, insurance and shipping restrictions, Russia’s oil exports may decrease by up …
Coking Coal Report 26/10/22
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