Category archives: Products

Daily Virtual Steel Mill Report 5/1/22

Market Verdict on Iron Ore： • Neutral. Macro • China PM Li Keqiang held general political conference to delay some income tax incentives, equal to 1.1 trillion yuan of tax cut annually. • China proposed to increase the self-sufficiency by 35% in copper, 20% in aluminum. In addition, increase scrap ratio by 30% in steel …

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Morning Oil Report 05/01/2022

At 10:05 am Singapore time (0205 GMT), the ICE March Brent futures contract was down 27 cents/b (0.34%) from the previous close at $79.73/b, while the NYMEX February light sweet crude contract was down 24 cents/b (0.31%) at $76.75/b.   OPEC and its Russia-led partners Jan. 4 approved another hike in production quotas, betting the …

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