Shanghai steel futures broke the CNY 5000 per tonne mark, the highest since late October, amid limited supply, rising iron ore and nickel prices, and prospects of a boom in demand. Production in China is likely to be constrained in the first quarter due to factories maintenance, the Lunar New Year holidays, and efforts by the government to limit pollution during the Beijing Winter Olympics. At the same time, prices of steelmaking ingredients nickel and iron ore remain elevated, with possible supply disruptions in top iron ore exporter Australia due to a surge in coronavirus cases. Meanwhile, there are prospects demand in China will increase in the second quarter of the year as the construction and infrastructure sectors pick up and the Chinese authorities adopt stimulus measures to shore up the economy.
Johnzhang! Yeah, told you guys supply will be limited! Not just Winter Olympic can China is reduction those dirty factories in China! All moving to other countries! Malaysia is in a sweet spot right now! This is going to be a year long rally for steel! Buy and enjoy the ride everybody!
20 steel factories will be totally closed during Winter Olympic! Tell me, where to get supply! I mean this 20 big factories close for 3 months! 3 months! Supply crunch!
You think Hiaptek tiny 1 factory can keep with demand! Hiaptek will have to work 27 hours a day just to supply overwhelming demands during this 3 months!
Stop keep yelling oil price history la , this old man just can't accept the fact steel time is over. Search his old history comment from last month till now about oil high price but steel stock price never big move at all
Good luck on Li Chun day, the first day of CNY (Ren Yin) Year 2022.
Steel stocks start to perform
Brent crude oil is selling at USD91.57 per barrel today. According to historical records, if the Brent crude oil price is high, all metal commodity prices will be high too. A high Brent crude oil price will benefit all steel stocks. Metal commodity price follows the same trend as the Brent crude oil price trend.
I hope the uptrend for all steel stocks has started like April 2021. The share price will break new high soon.
Despite bearish sentiment from the US stock markets, KLSE is performing well.
Posted by ValueInvestor888 > Feb 4, 2022 12:27 PM | Report Abuse
hot money gets out from tech and goes to O&G and metal stocks.... ----------------------------------- Good news. Hope this good news will help to move up the share price of Hiaptek. Also hope Hiaptek will not disappoint us. Good luck. Thank you.
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....
Tobby
7,397 posts
Posted by Tobby > 2022-01-28 15:11 | Report Abuse
Cannot tahan! 1 Wallop 48.5 cents just now! Yesterday bought 48 cents!