Tag archives: CC

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • IMF decreased global GDP growth in 2022 from 3.6% to 3.2%. • U.S. white house indicated that the country would release 20 million barrels of crude oil supply from its national reserve, 1 million barrels on daily basis. • Chinese Machinery Association statistic …

Continue reading “Daily Virtual Steel Mill Report 27/07/22”

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • Russia and Ukraine signed agreements with Turkey and the United Nations on the transportation of agricultural products from the Black Sea ports, and the parties will cooperate to export grain from three Ukrainian ports, including Odessa. • According to the sanctions adjustment agreed …

Continue reading “Daily Virtual Steel Mill Report 25/07/22”

Market Verdict on Iron Ore： • Neutral.   Macro • China NBS June excavators produced 21,769 units, down 3.4% on the year(May down 30.4%). H1 produced 156,803 units, down 27.1% on the year. • European central bank decided to increase 0% interest rate by 50 bp, created the first interest rate hike in the past …

Continue reading “Daily Virtual Steel Mill Report 22/07/22”

Market Verdict on Iron Ore： • Neutral.   Macro • China July 1-year LPR at 3.7%, est. 3.7%, last 3.7%. 5-year LPR 4.45%, est. 4.45%, last 4.45%. • The European Central Bank is expected to raise interest rates for the first time in 11 years on July 21st. Market expect the interest hike would raise …

Continue reading “Daily Virtual Steel Mill Report 21/07/22”