Another year of success and happiness is over, however as every New Year
brings greater challenges and obstacles in life, we wish you courage,
hope and faith to overcome all of the hurdles you may face. May you have
a great year and a wonderful time ahead…May the New Year bring your way
plethora of opportunities that allow you to weave success stories.;
Wish You a Great, Prosperous, Blissful, Healthy, Bright, Delightful,
Energetic and Extremely Happy, HAPPY NEW YEAR 2018. God bless you.
Thanks for Your Continued Support…..
After astounding 2016, 2017 proved to be yet another record breaking
year with continued recovery in prices of most commodities as the global
economic activity and manufacturing strengthened further.
Global stock markets have roared ahead in 2017, with the MSCI index of bourses in 47 countries up by 22%
China managed to maintain its rate of expansion, dispelling fears over a
potential sharp slowdown as it matures after decades of rapid growth
Eurozone staged a recovery after years of uncertainty. Amid a more
stable political backdrop, growth has roared ahead in most nations in EU
The Baltic Dry index is used as a proxy for global growth because it
measures dry freight costs for commodities such as coal, rice and wheat.
When there is a jump in demand for shipping these products, it signals
expansion for the world economy. This year it has risen to its highest
levels in four years amid a recovery in global trade.
Other barometers for growth, such as surveys of business activity from
firms’ purchasing managers, have shown appetite for goods and services
in rude health across developed economies in recent months.
The global oil price has recovered sharply in 2017, benefiting from
increasing demand from factories around the world, particularly in
China, amid a boom in economic activity.
Thus, almost everyone, associated with steel, metals and mining sectors
globally, was pleasantly surprised with the continued recovery witnessed
in 2017 and would wish continuance of such stupendous trends in 2018.
But we live in an age of uncertainty and saying by Isaac Newton “What
goes up must come down” could prove to be correct. Thus it would be
prudent to understand the reasons for recovery in various commodities in
2017 and what lies ahead in 2018. Let’s look at how various commodities
have behaved in general during 2017 and what is the consensus among
experts about the likely trends in 2018. As our analysis is quite
voluminous, Energy; Raw Materials; Semis & Finished Steel; Crude
Steel Production Estimates; China; India; Base Metals and Shipping,
please send a mail to email@example.com for a sample as these
reports are dveloped for subscribers of SteelGuru’s Market Intelligence
However, the overview for various commodities is given below
Happy New Year….
Crude Oil, Brent, USD/BBL
Natural Gas, Henry Hub , USD/mmBTU
Steam Coal, NEX, USD/T FOB Australia
Iron Ore Australia, Fines 62.5%, USD/T CFR China
Coking Coal, Prime Hard, USD/T FOB Australia
Met Coke, >62 CSR, USD/T FOB China
US Scrap, HMS 80:20, USD/T CFR Turkey
Semis & Finished Steel
Copper, LME Cash Buyer, UST/T
Aluminium, LME Cash Buyer, UST/T
Zinc, LME Cash Buyer, UST/T
Nickel, LME Cash Buyer, UST/T
Tin, LME Cash Buyer, UST/T
BDI - Baltic Dry Index
BCI - Baltic Capesize Index
BPI - Baltic Panamx Index
BSI - Baltic Supramax Index
Source : Strategic Research Institute, SteelGuru