CHINA REBAR: Sentiment bearish despite higher mill offers pushing up prices China import billet prices largely flat but sellers bullish Iron ore market on Chinese market holidays Alliance of Russian steelmakers to protect environment China Development and Reform Commission efforts to supply steel power
The oil market has continued to rise strongly for three consecutive weeks. The global oil market has faced a price shock due to the failure to reach a clear conclusion in OPEC Plus. Brent oil also benefited from OPEC Plus' move, and its price is expected to rise by 10% by next week. Consumerism in the field of energy has sounded the alarm on environmental indicators.