Monthly archives: June 2022

Saudis Raise Oil Prices More Than Expected For Asian Markets 06/06/22

Saudis Raise Oil Prices More Than Expected Amid Asia Rebound Saudi Arabia raised oil prices for its biggest market of Asia by more than expected as the region’s main economies ease coronavirus restrictions, helping boost demand. The increase for July shipments resumes a streak of hikes that started in February and was only broken when …

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Daily Virtual Steel Mill Report 02/06/22

Market Verdict on Iron Ore： • Neutral to bullish.   Macro • China Automobile Association suggested that the 50% cut on vehicle purchase tax would increase 2 million sales units, equal to 300 – 350 billion yuan. • EU sets harshest Russian sanctions targeting oil and insurance.   Iron Ore Key Indicators: • Platts62 $136.55, …

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Iron Ore DCE September Daily Technical Review 02/06/22

Verdict – Short-term neutral to bullish.   DCE iron ore September contract rebounded significantly with short position cut loss before the long weekends. Hourly MACD widened above 0 axis. Hourly slow stochastic KD widened above overbought area. Hourly CCI maintained in bullish territory. Be aware of the gains taking approaching listed high at 944.5 in …

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Saudis Ready To Boost Oil Output If Russian Output Drops 02/06/22

Saudis Ready to Pump More Oil If Russian Output Drops, FT Says   Saudi Arabia is prepared to boost oil output should Russian production fall substantially due to increasing sanctions, the Financial Times reported, citing five people familiar with the discussions.   There have been discussions about an immediate increase in output from the Saudis …

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