Category archives: Products

Daily Virtual Steel Mill Report 13/12/21

Market Verdict on Iron Ore： • Neutral to bullish. Macro • S&P 500 have created the biggest single week growth in percentage since February 5th, 2021. Market recovered sentiments and inflation statistic fell in expectation range. • China political conference during weekends revealed positive signals on stablising infrastructure demand, which stimulate the industrial commodities pushing …

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Daily DCE Review 13/12/21

Iron ore futures rebounded from losses last week, amid market optimism over better monetary and fiscal policy pledged by Beijing policymakers. The futures of Dalian Commodity Exchange (DCE) for January delivery then rose by 5.03% day-on-day or up RMB 32 to RMB 668.50/mt, during the day trading session on Monday. The rebar futures also went …

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Morning Oil Report 13/12/2021

At 10:40 am Singapore time (0240 GMT), the ICE February Brent futures contract was up 84 cents/b (1.12%) from the previous close at $75.99/b, while the NYMEX January light sweet crude contract was 92 cents/b (1.28%) higher at $72.59/b.   Oil prices were climbing in line with other risk assets as investors remained optimistic that …

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