China Hikes Steel Prices
By Leia Toovey -August 28, 2017 - 16:36 UTC

China’s largest steelmaker, China Steel Corp., will increase the prices of steel products for delivery in the fourth quarter by an average of 5.6% due to higher raw material costs.

Earlier in the month, Japan increased its steel product prices, also due to higher input costs. But, sending a bit of a mixed message, last week Nippon Steel announced that it had reduced steel prices to Toyota Motor Corp.

China Steel Corp. will raise the prices for all products by an average of $37.8 per ton. Prior to the increase, the steelmaker had lowered prices by an average of 5.28% for third quarter shipments in response to fluctuations in major steel markets.

Global steel prices have been rallying due to better demand expectations as well as Beijing’s steel capacity cutbacks. While steelmakers have been benefiting from these higher prices, higher costs for steel input ingredients have impacted their margins.

According to China Steel’s vice president Lee Shin-min, “Customer inventory has remained low in China and restocking demand is likely to continue to stimulate steel prices in the fourth quarter.”

Previously, it was anticipated that China’s demand for steel would fall later this year as the country’s stimulus-related infrastructure spending programs came to a close. However; it seems as if the opposite case has unfolded. China’s demand for steel remains strong, as the country’s economy has recovered. Even without stimulus related infrastructure programs, it appears that the country will keep building.

On top of all of this, of course, is the country’s steel capacity cuts and the expectation that output will be reduced even more, later in the year, to combat pollution during the winter when thermal coal use clogs the country’s skies with smoke. These factors will all support steel prices.

you can't compare like this ;last year u got the effect of elnino drought which cut production in to very abnormal level.,this year we have normal /high production, plus reasonable high CPO price. This has establish a new norm or PRICE PATTERN.

2q earning figure is a surprise, and it came in much higher then my early projection,the 3q and 4q figures need to revise accordingly, thus we have a higher end year net profit figure.

why suggest a q3 lower earning? what we have seen is higher FFB and cpo production figure, and higher global cpo price. it is amazing to suggest a smaller figure,which i think ,purely is a wild quess .AS usually q3 and q4 are strong demand seasons for oils/fats, as many festive seasons are around the corner.

full year net profit easily exceed 300 millions ,can be even higher in years ahead as more plants come into maturity,what else to look for?how many listed companies can give this kind of result?

second quarter steel price in world market suffered a set back , but as from 3rd quarter world steel price recover strongly, hopefully , full year can bring good healthy result.

粽油价格又涨了几十令吉，一吨两千八了。当到达三千元，哎呀，不好意思。市场自然热到爆。小心啦，阿嫂，清货了吗。干紧出货嘛。不过，看你根本没料到。无聊来此讲傻话。或者，根本就想偷料。

做梦？和无知者争论是没意义的。而门外汉，自然不会知道怎样去分析市场的需求和供应的奥秘；特别是粽油国际市场，这关系到很多国家。对门外汉，我们显然不能要求过高，要他们去理解。本人根本没任何企图说服谁，或谁。各求尊便，让市场最终决定。当营利报告出庐，自然会适当启动走向

所谓“超维稳”，以两个字表达---“发梦”。看Taann已经向上开始发动了。

没提供数据证明，自然是无意义的胡说八道，典型的顺口开河

i think ,unicorn prefers eating salt "wishful thinking",provided by older people like wildchicken professor, rather then eating normal rice (own financial research and observations).

ai ya , bad choice, annjoo seems more favourable , up 20 sen today.

this current upwave is inspired by strong price uptrend in China steel market,it goes by spectacular daily limit.

低素质的华人，跌下地也要抓把沙。

china market all steel related products well sky high , some went limit up, for last few days trading session on strong demand,expecting great future advances.

Prof Hoo Ke Ping? WHO IS HE? wide-chicken docterate professor? most of his predictions were proven wrong, and the facts provided here are full of mistakes.

傻瓜，狗屁不通。连年报数据也不懂，经济数据也不明白。请到Bursa的年报，季报详细阅读，美国USDA-wasde,印尼karpi的年报，季报详细阅读，自然明白走势。一昧不懂装懂，自欺欺人。

4.30 people said con job ,5.30 another people still say con job, 6.30 still some people will again say con job, there is a never ending speculative smears and clueless fantasy.

@curious "If oil back to USD 100 by 2020 how?" that is not going to happen, as Trump has relaxed and deregulate oil exploration and oil-rig in US , more supply will be available by then.By 2030/40 electric cars will replace fossil-oil burning cars.

Jtiasa属传统华人的家族生意，存在不良的管理问题，和政治势力深度介入。此公司非单纯粽油企业。其树桐业部门，负担过重，资金浪费严重。居然还投资于，Rsawit，造成负债并承担金融巨额利息支出。coldinvestor 乃无知之辈，阁下问他？劝你问墙壁，比较好！！

啊哟，一个无良，无知诈骗犯在诈骗。做粽油的谁都知道，第二季一贯会有所收缩，因为是需求的淡季。第三第四季是需求强劲的时期，会有高营利。

don't be silly, there will be no war. wat we see is some kind political extortion for certain benefits, that yet to be identified.

coldinvestor 的投资观点有点幼稚和单调，他只考量股息。其实应该看“企业资产价值分析”，科技股就需要看“成长的潜能”。intrinsic value and growth potential.

早期投资IOI,股价才1.20。很长时间都不升。就转换到其它股项。几年后回个头看，哎呀，股价高涨。股息，红股和分析，现在相当于十多，二十块了。后悔莫及。

"hng33 Sold back all 4.51, lock handsome contra profit 16sen/share first, free up all capital"。Now quiet .This boastful joker always make me laugh.

你的想法有其一定的道理。分开投资，减少风险是有益的投资策略。LCtitan 是另一个首选。20%，30%， 30% ，20%。分开投资，必胜策略。今日加重LCtitan。

soon you will realise , LCtitan is the best stock in Bursa.

股市常常会碰上“事后诸葛亮的人物”.他们吹嘘那些已经价格已经高涨的股；唱衰尚未起的股。而不是去分析，特定股票的价值。问题是，涨了一年多，是否会继续涨？或者已经是顶峰？好了，你买了，是否在最高的价位入货。要是如此，那恭喜发财了。尚未起的股，处于低价。有好处。就是不会让你输钱。

不同行业，自然会遭遇不同的经济周期。所以投资学，提倡portfolio management 不要把所有鸡蛋放在同一个篮子中。分开投资，而投资比率，按自己的认识，有所加大/减少，看经济和政治周期的运行而决定。随便唱衰这个，过度投入另一个。一旦出现转变，将陷困境。

既然知道SOP是‘好股，‘就不要整天唧唧歪歪。言说无聊。派息低的原因是企业需要资金，扩充种植地库，现在已经增加到有120 千hacters.；而ffb 也有大幅度的增加。长期投资是重要选项，急功近利，不如上云顶赌一把。

don't be silly , LotteTitan is not the old Titan, but very much upgraded technology wise,more to that, is expanded and enlarged . Remember those days,Titan experienced extreme difficulty,as the essential raw materials, petrolium was priced at 100 usd per barrel,and now only 49-50 usd. The cost have since largely reduced,. Economic and market enviroments had since changed, then LCtitan could be having a brighter future.

New Delhi, Aug 11 (PTI) The government today hiked the import duty on crude palm oil to 15 per cent from 7.5 per cent and on refined to 25 per cent from 15 per cent to curb cheaper shipments and boost local prices for supporting domestic farmers and refiners.
The import duties on other crude edible oils like soya and sunflower have been raised to 17.5 per cent from 12.5 per cent, according to a notification issued by the Central Board of Excise and Customs.
The hike in import duty of crude and refined palm oil will help restrict cheaper imports from Malaysia and Indonesia and benefit farmers which are in distress due to fall in prices of oilseeds below minimum support price because of bumper production. On July 27, an inter-ministerial panel headed by Finance Minister Arun Jaitley had reviewed edible oil availability in the country and discussed ways to deal with rising imports. A committee was set up later to look into import duty structure for checking cheap cooking oil shipments.
Edible oil industry body Solvent Extractors Association (SEA) welcomed the step, saying the move would help farmers to some extent but wanted duty difference between the crude palm oil and refined palm oil to be 15 per cent to support domestic processors.
"This is a welcome step to support the farmers. At the same time, the government could have raised the duty difference between crude palm oil and refined palmolein to 12.5-15 per cent to support domestic refiners for value addition," SEA Executive Director B V Mehta told PTI.
He said the decision would help in restricting cheaper imports to protect domestic farmers and processors.
"We import 70 per cent of the edible oil requirement. So, the landed cost of imported oil be such that it do not affect domestic farmers and processors," Mehta said.
India imports about 14.5 million tonnes of vegetable oils (edible and non-edible) per year to meet domestic demand.
Vegetable oil imports increased by 15 per cent in June at 13.44 lakh tonnes, according to industry data.
In the first eight months of the current 2016-17 oil marketing year, the import of vegetable oils rose marginally at 98,63,572 tonnes compared to 97,63,043 tonnes. The move is also expected to give a boost to sowing of oil seeds in the ongoing season. PTI MJH LUX MR

今天满天战争谣言，美国对峙北朝鲜。造成市场情绪疲弱，但是看粽油现货行情，居然相反走向，q强劲的又攀新高。收市2678 rm.

废话，潭桶师爷，想是投资和投机搞浑了。阁下自己想干啥，就干啥。提供错误思想就不好。

people buy high and sell low, i prefer buy low and sell high, that is the secret of stock trading,

don't be silly ,i got friends working in major plantations ,working there for many years, they gave me reliable info.if not you check up with MPOC http://www.mpoc.org.my/Palm_Oil_News.aspx

joetay deliberately tried to misled, misinforming others.OR may be he is working in FGV type of establishment, Just to justified their high cost of production.

http://klse.i3investor.com/blogs/www.eaglevisioninvest.com/129358.jsp

@joetay ,i check around with several plantations, the feedback for the cost of production varies, it is between 1500-1800 rm.and certainly that do not include FGV kind of management.

i did see many MATERIAL LITIGATIONs between THPLANT vs respective parties, and not so with SOP, further your accessment of production cost is bias and not correct (refer your post in calvin column).

no more panic selling? bottom is in ,ai ya , may be time to collect some.

somebody said 1) production cost of cpo is currently rm1.9-2.2k/mt------this can be diputed, the reasons largely depend on how the plantation is being managed,May be FGV type of management , would required that high figure, others may be more managed more efficient and can bring down the cost to 1500-1600rm. i remember many years ago the cost was only 600 rm, In those days , labour and fertilisers, land cost were cheap .

100% agree

don't be silly,HENGYUAN has transformed to be China refinery, serving China market, so you can't used the normal yardstick to measure China state own company,.

well if you lack confidence in the petrochemicals industry ,you should sell all you holding of that stock, i am interested in bargain hunting ,could find great profit in "lerong market"

Lottetitan is not a simple reincarnation of olden day Titan,it is a different set up backed by Korean chemical technology.and research.With petroleum price continues to stay low for long period of time ,petrochemical industry can be benefited as low cost of raw materials persists.

IF dividend policy can be adjusted to 50% pay out from net annual profit, the dividend could be 20 sen as minimun.

ipo price is massively overvalued, initially priced at 8.00, then changed to 6.50, something is fishy there already,now in the market , the price is around 4.50 more reasonable , as the NTA is also around 4.50.

short term speculators love to BS all the time, they just gamble up down on minor price fluctuations, but cannot improve anybody's knowledge of the respective stocks, just contribute worthless talks.

due to annual seasonal variation in supply and demand and pricing factors, the four quaterly results can be estimated in this pattern ,for SOP: 1Q--70M, 2Q-45/50M , 3Q--45/55M, 4Q--70/80M. as rough estimate.so a minimum of 200m plus is assured, as investment stock,not too bad .