Tag archives: CC

Freight and Commodity Podcast 10/08/22

We take a look at the future prospects for the dry freight market, carbon markets, and shine a spotlight on the scrap market with our special guest Alberto Xodo of the LME.   Click Below to Listen:     Website – https://freightinvestorservices.com/fis-podcast/   Spotify – https://open.spotify.com/episode/7hD44ZpLp2R4que2WLFDQX?si=GTD23HjzS4iMIm_iPWgJZA   iTunes – https://podcasts.apple.com/gb/podcast/episode-103-10-08-22/id1507094242?i=1000575660552

Daily Virtual Steel Mill Report 10/08/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China NBS published July CPI annual rate up 2.7%, expand 0.2% compared with June, refreshed the highest since August 2020. PPI July up 4.2%, narrowed 1.9% compared with June, created consecutive decrease for nine months. Both numbers were lower than expectations.   Iron …

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A Room with a Technical View 08/08/22

Capesize September Futures – We noted on the last report that the futures were technically bullish based on higher highs and higher lows; however, with the RSI at 50 and the stochastic overbought, momentum was warning that if the RSI moved below 50, we could be vulnerable to a test to the downside. The RSI …

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Daily Virtual Steel Mill Report 09/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • U.S. New York Federal survey indicated that the future three-year inflation expectation fell from 3.6% to 3.2%.   Iron Ore Key Indicators: • Platts62 $108.80, +1.85, MTD $108.98. The term contract discounts for FMG in August widened in August, however market participants indicated that the …

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Daily Virtual Steel Mill Report 08/08/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • EU started to ban Russian coals shipping from August 10th. • U.S. new added jobs in July created the biggest increase since February, which strengthened the expectation of 75 bps rate hike in September.   Iron Ore Key Indicators: • Platts62 $106.95, +3.15, …

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Daily Virtual Steel Mill Report 05/08/22

Market Verdict on Iron Ore： • Neutral.   Macro • BOE increased interest rate by 50 basis points to 1.75%, created the biggest one-time hike during the past 27 years. BOE expect the inflation rate would reach roof area at 13.3% in this October. BOE expect U.K. economy would enter into recession from this Q4. …

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