Chinese Government pressure on steel mills and commodity traders started to pay off earlier today when the iron price fell below $200 a ton for the first time in three weeks.

But the fall to $197/t is unlikely to put more than a dent in the profits of the biggest iron ore miners which are producing the steel-making material at a cash cost of less than $20/t.

https://www.forbes.com/sites/timtreadgold/2021/05/24/iron-ore-price-caves-but-miners-remain-hugely-profitable-for-now/?sh=67ef06e34e48

The iron ore sector “is very, very hot,” Vivek Dhar, commodities analyst at Commonwealth Bank of Australia, said in Bloomberg Television interview. “Supply is still not able to meet that strong demand.”

https://au.finance.yahoo.com/news/iron-ore-turns-very-very-005238899.html

Iron ore and steel climbed to records as Chinese investors unleashed fresh demand following a three-day holiday.

Benchmark spot iron ore prices topped $US200 ($257) a tonne for the first time ever, while futures in Singapore and China climbed. Steel demand is surging as economies chart a path back to growth just as the world’s biggest miners have been hampered by operational issues, tightening ore supply.

https://www.smh.com.au/business/markets/iron-ore-hits-us200-for-first-time-as-chinese-demand-soars-20210507-p57pok.html

Iron ore prices jumped to a fresh high on Thursday after China “indefinitely” suspended all activity under a China-Australia Strategic Economic Dialogue, in the latest setback to the strained relations between Beijing and Canberra.

https://www.mining.com/iron-ore-price-tops-200-as-china-australia-relations-break-down-further/

Iron ore prices have risen to record highs in recent weeks, largely because supply has not been able to keep pace with demand in China, where crude steel production has grown by 30% over the past five years.

Expectations are building that benchmark prices can get to $200 a tonne — topping the record $194 hit more than a decade ago — as Chinese steelmakers ramp up production in defiance of government attempts to rein in output to control the industry’s carbon emissions.

https://www.mining.com/iron-ore-price-surge-as-steel-rally-fires-up-demand/

China’s steel futures hit fresh records as the government added to a sweep of measures aimed at reining in output and emissions in the world’s top producer. Iron ore was steady.

https://www.theedgemarkets.com/article/steel-smashes-records-china-intensifies-emissions-crackdown

i queue mother at 7.5sen

son is resting in peace

I queue son at 4.5sen

I cancel my queue at 5sen, tomorrow queue to buy son at 4sen...hahaha...son pls come to papa

i queue son at 5 sen

just now i cancel queue at 6 sen,tomorrow i queue at 5 sen...let see until what price can the operator push down the son

now macpie is resting,in the afternoon later T3 force selling start...i queue to buy again son at 5.5sen

tomorrow is another T3

i cutloss son yesterday,so tomorrow i will enter again to buy son at 6sen

T3 bloody red sea.. i queue son at 7sen

queue son at 4.5sen

i bought son below 0.15 also suffer because they did not give any chance bringing son price go up... average down also useless

i queue son at 5.5cent..come on son come to papa

they controlling the price son and mother,nothing we can do except go into their trap

mayday mayday T3 is coming tomorrow

they control son price and dont allow son price to go up..cant make money like this

lets goreng wb today UP! UP!

shark collecting WB at low price on friday so im guessing WB will up on monday because of positive market sentiment

shark have no bullet already

they lure people to buy cheap WB by increasing the mother share

sauded can drop 5cent daily in 2 while exercising the warrant which in the end below 50cent and keep dropping and back to stagnant..not worth to keep if in the future they cancell the deal with china company

wakeup dnex-wd, its time for son to sprint

lets break rm1 today! damn why the son so slow

https://www.malaymail.com/news/money/2021/03/11/at-systematization-to-acquire-127.90-million-shares-in-asdion-bhd/1957016

WD is not going to be cheap anymore after this

congrats everyone and happy chinese new year

uncle kyy desperately now trying to move people from investing in AT to Supermax for his own profit:
Post on 26nov after sold AT and bought supermax:
The company has not produced 1 medical glove.
Moreover, the company has reported losses in every quarter in the last 7 quarters.

Post on 15nov when holding AT:
Now is the best time to buy before the company reports actual profit. When ATS starts to report profit from its glove sales, its share price should be much higher. You cannot imagine the share price of a medical glove manufacturer selling below Rm 1.00.

Uncle kyy pls rest in peace

uncle koon busy collecting vivocom now

Glove stocks will be green next week.

California reported 13,005 new infections, a daily record. The average rate of positive tests jumped to 5.2%, the highest since the end of August and up two percentage points from the start of November, according to state health data.

Brazil reached 6 million coronavirus infections amid growing signs the spread is accelerating in what was already one of the world’s hardest-hit nations.

Canada’s largest province ordered a lockdown in Toronto and one of its suburbs, a declaration that forces shopping malls, restaurants and other businesses to close their doors to slow a second wave of coronavirus cases.

dont panic, glove stocks is bounce back

all glove stocks is red including kyy supermx

KYY is playing speculator games to gain profit for himself assuming he is like Soros, yesterday he bought supermax because undervalue downtrend and next week after he make profit from supermax he swap back to AT saying the factory already start the production and the early Jan he change to left AT saying that output did not meet the output target .. Uncle KYY good luck and pls rest in peace

glove stocks rebound

The head of the World Health Organization said Monday that a vaccine would not by itself stop the coronavirus pandemic.

The WHO's figures for Saturday showed that 660,905 coronavirus cases were reported to the UN health agency, setting a new high water mark.

That number, and the 645,410 registered on Friday, surpassed the previous daily record high of 614,013 recorded on 7 November.

Tedros said that supplies of the vaccine would initially be restricted, with "health workers, older people and other at-risk populations (to) be prioritised. That will hopefully reduce the number of deaths and enable the health systems to cope."

Glove stocks were headed lower in Bursa Malaysia's morning trading session today due to the news flow of Covid-19 vaccine progress, which dampened sentiment on the counters.

dont panic AT, syndicate is dumping to buy more GETS stocks

Mak Siew Wei n LKL team visit AT Glove

Photo:
https://ibb.co/album/Ssw4Cx

Video:
https://youtu.be/wjCT9nBVX64

I have the photo and video of the visit

I shall buy more next week when the news US covid19 start to increase

i still hold 300k units with unrealized gains 93.5%

contra player force selling

AT Systematization Bhd (ATS) is buying Pearl Glove (Malaysia) Sdn Bhd which has a contract to produce around 500 million pieces of gloves in the next one year.
ATS, in a filing to Bursa Malaysia today, did not disclose the price it was paying but sources said Pearl Glove's contract was valued at about RM100 million.
ATS is buying PGSB with the intention to double the production capacity beyond 2021.

This is not affecting the currect AT plan for producing glove by next month. Beside glove, AT also have other business. Check out AEM price today

AT Systematization Bhd has become a substantial shareholder of AE Multi Holdings Bhd after acquiring an 18.18% stake. It primarily serves customers from the semiconductor industries, the acquisition will enable the group to further improve its prospects in the semiconductor segment via leveraging on AE Multi's strengths and expertise in the manufacturing of printed circuit board segment, coupled with AE Multi's existing business presence in Thailand.

i still hold 400k with unrealized G/L 105.65%

uncle go visit dpharma to make sure everyone will get AT gloves