joyd12345 Overlooked this one. Annjoo, Pkp. The company will be shut down soon. By that time no more inventory gain. High raw mat, then steel price reverse. Die.
Hahaha..Now no more company will be shut down..haha..really nonsense..The economy will be collapse la..that why PM needs economic activity to run as normal as can.
Ni namanya rally kubor utk warrant.Nnti quarter report keluar,lg kaw2 goreng.So entry price must be as low as possible.Td 9.5sen warrant,i ada sapu sikit...
Kalau nk convert warrant,convert now.Jgn nnti dkt2 nk expired,baru gatal kalut nk convert.I dh advice tau kt saudee,macpie hari tu.Depa x mau dngr,laa ni terciduk...Menangis di bucu katil...huhuhu...
Sorry...Sapu warrant td at 10.5sen,not 9.5sen...I got mixed up with my other stock minho wc lowest at 9.5sen...I think i better rest la kjb... Pening kepala...Lama sngt tngk phone,not good for health...
China's new ferrous tax regime to kickstart new era of steel
China's new tax regime for ferrous raw materials and steel exports will kick off a new era for the steel sector, one in which demand and supply will become more balanced and the country cuts its dependency on iron ore at a faster pace.
Chinese authorities announced last week that, from May 1, import duties for metallics and semi-finished steel would be removed and that export duties for raw materials such as ferro-silicon, ferro-chrome and high-purity pig iron would be set at 15-25%.
At the same time, Beijing also removed export tax rebates for major steel products: hot-rolled coil, rebar, wire rod, hot-rolled and cold-rolled sheet, plate, H-beam and stainless steel.
‘Definite boost’ to prices The changes are music to the ears of steelmakers around the world, especially since they continue to power through a second quarter marked by historically high prices and marvelous profit margins for steel products.
They have been able to price in the rebate cuts even before the announcement, causing prices to increase continually in the first four months of the year. Take for example, hot-rolled coil exports from China, which have increased by 44% between January 20 and April.
RESEARCH: Bullish run in global flat steel prices continues
The upward momentum in United States' flat product prices is yet to show any signs of slowing, with US HRC prices hitting new record highs during April. Steel supply is forecast to remain short of demand due to no improvement in underlying supply and demand fundamentals, which is propelling US flat product prices higher in the near term.
Based on the underlying supportive market fundamentals, we have upwardly revised our flat product price forecasts again this month but maintain the view that prices will peak during May. Although import supplies remain limited, imports are rising and we understand steelmakers may have slightly more spot availability next month, which would help to ease pricing pressure. We equally maintain the view, however, that any downward correction in sheet prices in the coming months will be modest and mild, with sheet prices forecast to remain at or near record highs throughout the rest of 2021.
Coil prices in Europe continued to rise to new record highs and regional HRC prices climbed over €1,000 ($1,204) per tonne for the first time on April 30. European steelmakers have been increasing their offers on a weekly basis and buyers have been more concerned with securing material than negotiating discounts. Price dynamics in the region continue to be determined by an acute shortage of material, with lead times stretching into the end of the third quarter of the year.
We have upwardly revised our European coil and plate price forecasts to reflect the latest spot market levels but we maintain the view that the uptrend should not continue for much longer. The latest data shows that flat-steel production picked up in March in Germany and Italy and there should be a return to normal output levels in the second quarter. Acciaierie d’Italia (formerly known as ArcelorMittal Italia) plans to restart blast furnace No4 in June, although there are some maintenance closures scheduled during the third quarter at other producers. Semiconductor shortages remain a problem for automakers, with some production outages at a number of European car manufacturers and if more material starts to appear in the spot market with early delivery times, it will be difficult for steelmakers to maintain the price rally.
Chinese domestic flat steel prices rose as we expected in April and export prices rose stronger than anticipated while producers started to factor in a possible removal of export tax rebates. We expect further price increases in the Chinese domestic market in May but prices should start trending down as we approach the second half of the year. In the export market, Chinese material remains competitive and we have upwardly revised forecasts in expectation of a return in trading activity in May but we believe that we are close to the pricing peak. The recent changes to the rebate system are not likely to have a significant impact on the price level in China because producers and international buyers have already priced in a removal of the rebates. Looking further ahead, Chinese HRC exporters will become less competitive in the seaborne market so will increase supply within China, while other producers should get more opportunities to compete in traditional Chinese export markets.
You think Copper prices will quickly into a deep plunge? Cuba pikir lagi sekali..... tgk historical chart utk lion and the gang... bila dah naik ... nak turun balik mesti ambil masa paling kurang sebulan... convert 2 minggu cukup masa la...
ya la... jerung berani masuk sbb sudah buat kira2... boleh lepas... duit cukup.... untung 10% :)) ...semua konter besi sudah up... HIAP paling rendah...upside advantage still huge..
aaron tan must be stucked in glove and tech la, tell us switch to there, glove got vaccine showing game over already la, vaccine really work la, u try to see US, Israel, UK, SG their population majority had vaccinated, go see their cases how la, dont look at India & other poor countries la which still waiting for vaccine.... who listen to aaron tan will really eat shit & burn hands la
I bought hiapteck at 49sen mother & 9sen son on 22/4.After buying,it drops to 45-47sen mother & 7.5-8.5sen son.Now,at 7/5,it's 66.5sen mother & 12sen son.My point is--price goes up & down.As long as u buy an uptrend stock,it will keep breaking resistance.Must do u'r research & have a trading plan.
I think it makes a sense. Definitely the sales figure will increase...
Like when u can sell chicken satay RM0.50/piece during season where chicken price ranges around RM7/kilo....
But when chicken price ranges around RM10/kilo.... u sell chicken satay RM0.50/piece?? Not RM0.080 or RM1??
and you just wanna sell chicken satay... dont have to have a poultry...
.................. joyd12345 Haha, this is not copper company lol. Suprised he dunno what he invest in. One thing u should look at is the cost, iron ore spike like crazy. Higher cost die die die 07/05/2021 5:41 PM
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Anisdesanika
1,235 posts
Posted by Anisdesanika > 2021-05-07 09:57 | Report Abuse
ALHAMDULILLAH...