Daily Virtual Steel Mill Report 25/11/21

Market Verdict on Iron Ore: ·         Neutral. Macro ·         China PM Li Keqiang and state council held a conference request to accelerate issuance of specialized debts in the coming year. ·         U.S. FOMC notes revealed a flexible date on the interest rate raise. ·         Indonesia president indicated the country potential stop exporting in the year …

Oil and Products Morning Report 25/11/21

At 10:25 am Singapore time (0225 GMT), the ICE January Brent futures contract was up 4 cents/b (0.05%) from the previous close at $82.29/b, while the NYMEX January light sweet crude contract was 3 cents/b (0.04%) lower at $78.36/b.   EIA Report Crude: 1,017 Cushing: 0,787 Distillate: -1,968 Gasoline: -0,603 Production: 100   Total US …