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3 comment(s). Last comment by Tobby 2022-02-07 15:43
Posted by Tobby > 2022-02-07 15:38 | Report Abuse
Steel Rebar increased 5.71% to 5051 CNY/T, 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.
Posted by Arrogant83 > 2022-02-07 15:41 | Report Abuse
covid-19 spreading like no tomorrow!
Posted by Tobby > 2022-02-07 15:43 | Report Abuse
Arrogant! Yeah, but Omicron is mild! Fasten herd immunity! Just go get your booster!
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CS Tan
4.9 / 5.0
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....
Posted by Tobby > 2022-02-07 15:38 | Report Abuse
Investment!