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Post by jacksrbtr on Jan 15, 2014 7:55:32 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. Ford changing over to aluminum from steel on bodywork will have an effect on steel(and coal) production in th future I would think...
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Post by jacksrbtr on Jan 15, 2014 7:59:44 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. China doesn't do commods - a buddy's son who lived there to learn Tai Chi said they just piss, etc. in the streets. (they do like their gold though TG)
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Post by clinton on Jan 15, 2014 8:00:21 GMT -5
I hadnt thought of that Jack. Do they use met coal to make aluminum?
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Post by jacksrbtr on Jan 15, 2014 8:08:00 GMT -5
I hadnt thought of that Jack. Do they use met coal to make aluminum? Based on my 8th grade Industrial Processes course in Brooklyn Tech HS I don't think coal is used in aluminum mfg, but the news yest said that the kind of aluminum being used by Ford is the same as used in military vehicles...a harder material almost like an armour(!). I dunno what alloys are in that and how it's produced. Hell I doubt what I learned 50yrs ago is Germaine anymore either! Bwahahahahaaaa! Have a great day and thanks for getting my brains working!!!
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Post by jacksrbtr on Jan 15, 2014 8:28:41 GMT -5
Just did some research...one of the smelting processes used, the Hall-Heralt process, uses coal anodes for production of Al, but I have no clue if that's a significant amount or not....I kinda doubt it. Of course coal might be used up the grid to supply the electrical power needed in a coal-fired power plant, but even China is trying to phase those out now by building 20 new nukes.
Off to the gym - laterz
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Post by clinton on Jan 15, 2014 11:00:21 GMT -5
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. Ford changing over to aluminum from steel on bodywork will have an effect on steel(and coal) production in th future I would think... Greenland courting Alcoa to build smelter Greenland hopes to begin formal negotiations with Alcoa (AA +1.7%) on building a smelter capable of producing 340K metric tons/year of aluminum, the country’s finance minister says.Alcoa has been closing high-cost smelters and refocusing investment in divisions that roll and form aluminum into high-tech components used in cars and commercial aircraft.“The Greenland government has interest in making the Alcoa project successful, a pioneering project for Greenland,” the finance minister says.
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Post by clinton on Jan 15, 2014 22:39:17 GMT -5
ran into this tonight on Rio Tinto
Rio’s attributable thermal coal production was a record 26.8 million tons in 2013, up 12 percent from the year before. Production of bauxite, used to make aluminum, climbed 10 percent to a record 43.2 million tons.
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Post by clinton on Jan 16, 2014 8:27:35 GMT -5
China’s spot prices for both long and flat steel products were unchanged on Thursday January 16 as buying slowed down ahead of the Chinese New Year holiday.
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Post by jacksrbtr on Jan 16, 2014 8:38:07 GMT -5
China’s spot prices for both long and flat steel products were unchanged on Thursday January 16 as buying slowed down ahead of the Chinese New Year holiday. You nailed THAT call Clint!!! Nice one!
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Post by clinton on Jan 16, 2014 11:41:40 GMT -5
China’s spot prices for both long and flat steel products were unchanged on Thursday January 16 as buying slowed down ahead of the Chinese New Year holiday. This is bed news for us, maybe after Chinese New Year holiday price start grow up? I may be dip buying some BTU beginning of February is my plan
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Post by nirvana on Jan 16, 2014 11:50:29 GMT -5
Good plan coal companies bottomed now. Will be nice potential for grow .
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Post by clinton on Jan 16, 2014 21:49:16 GMT -5
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Post by clinton on Jan 17, 2014 7:25:00 GMT -5
CHINA STEEL WRAP: Prices largely stable ahead of holiday Jan 17, 2014 - 08:49 GMT China’s spot rebar market was quiet this week, with prices largely stable ahead of the Chinese New Year holiday, although those in the north of the country slumped on a weekly basis.
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Post by clinton on Jan 19, 2014 18:45:40 GMT -5
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Post by clinton on Jan 20, 2014 8:50:21 GMT -5
more red than a may day parade Attachments:
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Post by clinton on Jan 20, 2014 8:56:10 GMT -5
CHINA STEEL WRAP: Flats fall, longs hold steady Jan 20, 2014 - 09:35 GMT China’s spot steel prices were mixed on Monday January 20, with weak pre-holiday trade pushing flats prices down while longs price held steady.
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Post by nirvana on Jan 20, 2014 21:22:05 GMT -5
CHINA STEEL WRAP: Flats fall, longs hold steady Jan 20, 2014 - 09:35 GMT China’s spot steel prices were mixed on Monday January 20, with weak pre-holiday trade pushing flats prices down while longs price held steady. Nice!
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Post by clinton on Jan 21, 2014 7:20:30 GMT -5
CHINA STEEL WRAP: Most prices down on futures slump, de-stocking pressure Jan 21, 2014 - 10:45 GMT China’s spot prices for steel products mostly fell on Tuesday January 21 as sentiment weakened amid a slump in the futures market while flats dealers attempted to de-stock before the Chinese New Year.
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Post by clinton on Jan 21, 2014 7:46:24 GMT -5
BEIJING (Reuters) - Pollution from China travels in large quantities across the Pacific Ocean to the United States, a new study has found, making environmental and health problems unexpected side effects of U.S. demand for cheap China-manufactured goods. On some days, acid rain-inducing sulfate from burning of fossil fuels in China can account for as much as a quarter of sulfate pollution in the western United States, a team of Chinese and American researchers said in the report published by the U.S. National Academy of Sciences, a non-profit society of scholars. Read more: www.businessinsider.com/china-pollution-is-blanketing-americas-west-coast-2014-1#ixzz2r2KasrJ7
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Post by clinton on Jan 22, 2014 7:15:58 GMT -5
CHINA STEEL WRAP: Markets remain quiet ahead of holiday Jan 22, 2014 - 09:12 GMT China’s domestic steel markets were largely quiet on Wednesday January 22 with only hot rolled coil prices in the east of the country seeing falls as dealers looked to make sales ahead of the New Year holiday.
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