Tag archives: CC

China’s Coal Production Hits 3-month Low In August 16/09/22

China’s daily coal output hits 3-month low in August on rains, COVID curbs   China’s daily coal output in August slipped to a three-month low as some mines in its biggest coal mining regions reduced operations or even shut down due to heavy rainfall and COVID-19 curbs. China, the world’s top coal producer, mined 370.44 …

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Daily Virtual Steel Mill Report 15/09/22

Market Verdict on Iron Ore： Neutral to bullish.   Macro: The Muifa Typhoon entered inland China, while Chinese eastern ports area recovered normal operation after stopped for two days because of Typhoon and heavy rains. U.S. August PPI up 8.7%, est. 8.8%, last 9.8%. U.S. five-year T-bond yield refreshed highest since 2008 at 3.62%. Chinese …

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Daily Virtual Steel Mill Report 14/09/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • U.S. August CPI growth rate at 8.3%, est. 8.1%, last 8.2%. The market expected that the Federal would prefer to initiate aggressive interest hike by 75 bps next week. • Chinese State Administration of Taxation indicated that from June to August, 3.553 million …

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Daily Virtual Steel Mill Report 13/09/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China NBS:Chinese August PPI up 2.5% on the year, down 1.2% on the month. Chinese August CPI up 2.5% on the year, down 0.1% on the month. Chinese August M2 supply up 12.2% on the year, est. 12.2%, last 12%.   Iron Ore …

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A Room with a Technical View 12/09/22

Capesize October Futures – As noted last week, the futures had started to move lower with downside moves that held above the USD 11,132, supporting a near-term bull argument. The futures traded down to but held the USD 11,132 level, supporting a near-term bull argument, resulting in the futures moving higher (current price USD 15,250 …

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