Category archives: News

Daily Virtual Steel Mill Report 13/1/22

Market Verdict on Iron Ore： • Neutral to bearish. Macro • U.S. December CPI up 7% y-o-y, created the highest since June, 1982. DXY corrected massively from 95.61 to 94.9, which supported U.S. dollar linked commodities and triggered a big rebound shortly across commodity sector. Iron Ore Key Indicators: • Platts62 $131.60, +3.00, MTD $126.12. …

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Morning Oil Report 13/01/22

At 10:03 am Singapore time (0203 GMT), the ICE March Brent futures contract was down 4 cents/b (0.05%) from the previous close at $84.63/b, while the NYMEX February light sweet crude contract was 5 cents/b (0.06%) lower at $82.59/b.   US DoE Crude Oil Inventories: – (W/W) 07-Jan: -4553K (est -1850K; prev -2144K) – Distillate: …

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