Category archives: Products

Daily Virtual Steel Mill Report 16/12/21

Market Verdict on Iron Ore： • Neutral. Macro • U.S. FOMC decided maintain the interest rate range at 0-0.25%, which fell in the expectation of market. Federal accelerate the Taper and decrease 30 billion U.S. dollars equivalent debt purchases each month, previous decrease by 150 billion dollars. The FOMC matrix indicated that commissioners expected three …

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Morning Oil Report 16/12/21

At 10:19 am Singapore time (0219 GMT), the ICE February Brent futures contract was up 58 cents/b (0.79%) from the previous close at $74.46/b, while the NYMEX January light sweet crude contract rose 70 cents/b (0.99%) to $71.57/b.   EIA Crude oil: -4.6M SPR: -2.0M Gasoline: -0.7M Distillates: -2.9M   Oil prices were also drawing …

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