Monthly archives: December 2021

Morning Oil Report 10/12/2021

At 10:25 am Singapore time (0225 GMT), the ICE February Brent futures contract was down 5 cents/b (0.07%) from the previous close at $74.37/b, while the NYMEX January light sweet crude contract fell 4 cents/b (0.06%) at $70.90/b.   Coming a month after US core inflation for October hit a 30-year high, expectations are high …

Continue reading “Morning Oil Report 10/12/2021”

Daily Virtual Steel Mill Report 10/12/21

Market Verdict on Iron Ore： ·           Neutral to bearish. Macro ·           U.S. previous week initial jobless claim reached 184,000, created the lowest since the year 1969. Estimated 220,000, last 222,000. ·            China central bank decided to increase foreign exchange deposit reserve rate from 7% to 9%, to hedge the appreciation risk of Chinese Yuan, CNH …

Continue reading “Daily Virtual Steel Mill Report 10/12/21”

Daily DCE Review 10/12/21

Iron ore futures dropped amid market uncertainty over winter stocking activities and slow steel demand. The futures of Dalian Commodity Exchange (DCE) for January delivery then dipped slightly by 0.70% day-on-day or down RMB 4.50 to RMB 639.50/mt, during the day trading session on Friday. The rebar futures also went down slightly by 0.25% day-on-day …

Continue reading “Daily DCE Review 10/12/21”