Daily Virtual Steel Mill Report 6/12/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         China PM Li Keqiang indicated in the conference last Friday that China potentially leverage interest rate decrease policy in different markets to facilitate the healthy environment of investment and liquidity for mid-small enterprises. ·         China Evergrande Group officially announced the inability to  perform its guaranteed liability. …

Morning Oil Report 06/12/21

Oil & Products Morning Report At 10:18 am Singapore time (0218 GMT), the ICE February Brent futures contract was up $1.73/b (2.48%) from the previous close at $71.61/b, while the NYMEX January light sweet crude contract was $1.68/b (2.54%) higher at $67.94/b.   Sentiment in oil markets appeared to have turned a corner after steep …