Market Movers Asia, Jun 1-5: OPEC+ meeting, commodities demand recovery in focus – S&P Global

The highlights in Asia this week:

** OPEC+ ministers are considering to move up their meeting to June 4, from the previously scheduled June 9-10, so that July nominations can factor in any changes to oil production quotas

** Faster-than-expected recovery seen in China’s crude imports rekindles expectations that Asia’s commodity demand could soon normalize

** Phase 1 trade deal between US and China remains intact but Asian markets on the edge

Also in this episode: rise in construction activities in China could support steel and iron ore demand, Australian coal prices face geopolitical uncertainties, LNG prices remain under pressure.

Platts Live

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