Weekly Market update:

Weekly Market update:


In commodity

Steel – Soaring raw material prices KTZ is bullish on future demands for rebar but what has kept us cautious is steel margin which we haven’t seen clear sign for bottoming out.

Steel – Soaring raw material prices KTZ is bullish on future demands for rebar but what has kept us cautious is steel margin which we haven’t seen clear sign for bottoming out.

Energy – $80 oil price again Last week, WTI and Dubai prices rose 2%-5% as speculators increased a bet. We expect WTI price to stay above $80 as market is optimistic on fuel demand to increase alongside the improved prospects for US economic recovery.

Chemical – All petrochemical prices increased Last week, all petrochemical prices increased in tandem with oil price movement.

Coal – The seventh consecutive week falls Last week, the BJI index further dipped $0.5 to $94.5/ton due to expected decrease in Chinese coal demand as a result of government policy on the pollution emission.