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Post by clinton on Jan 1, 2014 11:44:21 GMT -5
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Post by novie08 on Jan 1, 2014 18:38:57 GMT -5
Hmmm. Will this cause our markets to go up or down?
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Post by walnut on Jan 1, 2014 20:43:34 GMT -5
Our markets still lead theirs, not the other way around..... right(?)
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Post by clinton on Jan 2, 2014 11:01:13 GMT -5
China’s spot prices for steel mostly held steady on the first trading day of the new year, with trading remaining slow in most regions.
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Post by clinton on Jan 3, 2014 7:51:44 GMT -5
China’s spot prices for rebar fell this week amid a slump in the futures market while those for hot rolled coil were mixed as improved liquidity in eastern China spurred some restocking.
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Post by clinton on Jan 3, 2014 7:53:41 GMT -5
shanghai hourly -1.2% Attachments:
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Post by clinton on Jan 6, 2014 10:08:01 GMT -5
China’s spot steel prices fell on Monday January 6, as high stocks and slumping forward prices drove down flats sales, while the longs market was weighed down by a weak billet and futures performance.
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Post by clinton on Jan 8, 2014 8:04:06 GMT -5
China’s spot prices for steel products continued to fall on Wednesday December 8 on weak sales and negative sentiment.
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Post by clinton on Jan 9, 2014 7:14:29 GMT -5
China’s spot prices for steel were mostly unchanged on Thursday January 9 following the release of data showing lower output in late December.
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Post by clinton on Jan 10, 2014 0:52:56 GMT -5
China Imports Rise to Help Nation Claim World Trade Crown China’s imports rose the most in five months in December, indicating that domestic demand will support economic growth, as the government claimed the title of the world’s biggest trader of goods.
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Post by clinton on Jan 10, 2014 7:54:45 GMT -5
China’s spot prices for flat and long steel end the week lower amid fragile sentiment and thin trading.
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Post by nirvana on Jan 13, 2014 0:45:24 GMT -5
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Post by nirvana on Jan 13, 2014 0:49:23 GMT -5
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Post by clinton on Jan 13, 2014 7:37:55 GMT -5
CHINA STEEL WRAP: Sales slow amid cautious sentiment Jan 13, 2014 - 09:30 GMT Sluggish sales and subdued sentiment weighed on China’s domestic steel markets on Monday January 13, with longs prices in the north of the country losing ground while those for flats and rebar in Shanghai were unchanged.
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Post by nirvana on Jan 13, 2014 13:31:08 GMT -5
WLT,breaks upper trend line . Hope China steel start grow up before chines New Years.
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Post by clinton on Jan 14, 2014 7:44:23 GMT -5
CHINA STEEL WRAP: Prices mixed as demand remains sluggish Jan 14, 2014 - 10:24 GMT China’s spot prices for steel products remained mixed on Tuesday January 14 amid sluggish demand and contradicting signals from steelmakers’ pricing policies.
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Post by clinton on Jan 14, 2014 22:18:41 GMT -5
production cuts, only bullish for steel prices
Steel reinforcement-bar futures climbed for a second day in Shanghai amid expectations that steel mills in Hebei will further cut output to reduce emissions.
Rebar for May delivery on the Shanghai Futures Exchange gained as much as 0.4 percent to 3,507 yuan ($580) a metric ton, the highest level since Jan. 7, and traded at 3,492 yuan at 10:15 a.m. local time.
Small-to-medium sized mills in Hebei, China’s biggest steel producer, are increasingly feeling the pressure to cut production as the government stepped up efforts to improve air quality, according to a report by the China Business News today.
“Output cuts are an ongoing theme in an otherwise sluggish market approaching the Lunar New Year holidays at the end of this month,” said Cai Yuehui, an analyst at Ruida Futures Co. in Fujian.
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Post by nirvana on Jan 14, 2014 23:43:28 GMT -5
This is good news about bullish for steel prices. Hopeful after steel prices , coal price go up too .
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Post by clinton on Jan 15, 2014 7:03:34 GMT -5
This is good news about bullish for steel prices. Hopeful after steel prices , coal price go up too . But they are cutting back on production, so less steel will mean less coal being used of course there's always the chance other countries increase production to fill this gap. but the good news is china will probably start ordering commods again soon as trains become avail 2nd week of feb.
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Post by clinton on Jan 15, 2014 7:51:16 GMT -5
chart - bullish close Attachments:
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