Oh...Sorry, my mistake

Already out

Damien88, US$3.20/lb is extremely high!! Are you sure?

With this margin, I can charter an aircraft to send my stock to US now.

Sims,

Personally I think A$5.25 / share by the end 2022 is highly unlikely.

The current high alloy price is mainly due to the supply chain issue and China factor. It is highly unlikely that this price level is sustainable for long period of time.

Maybe RM5.25 is easily to achieve by this year-end. Just my personal opinion.

Sims, we have the same view !!

It is due to the China Power/Coal policy published last night. Time for us to collect more during this low price.

FeSi market outlook published by Fastmarket this week
China
• The ferro silicon price in China narrowed downward following a correction of a previous rally. But market sentiment remained quite positive since Qinghai issued an orderly electricity usage plan. This said that electricity usage can be divided into four levels, each corresponding to a different proportion of power cuts. The subsequent proportion of power supply will be adjusted in real time according to the power deficit at the time.
• The price went downward to a rational level mainly because the previous panic in the market had cleared by the time Qinghai announced its power cuts plan. Electricity fees will be raised by 20-30% among ferro-alloys producers.
• Considering the lessening of steel production cuts, along with the news that 50% of ferro-alloys producers were operating again in Fugu, in Shaanxi province, the industry was adopting a wait-and-see attitude.
• Overall supply was still tight since many producers have full order books. Coupled with the recent bullish ferro-silicon futures market, this can support the high price.

Europe
• European prices were steady in the week to October 15, consolidating a jump of almost 38% the week before, with deals reported within the current range.
• The market was well supported in the near term and may push higher again, with domestic availability tight and replacement material hard and expensive to source.
• There have been no signs of imports from traditional suppliers such as Brazil and Malaysia due to strong domestic and regional markets in the Americas and Asia.
• Additionally, there was reduced production in Europe this year, and European steel production was running at close to capacity.
• Acute shortages in container availability worldwide, bottlenecks at international ports, surging energy costs and record high freight rates were all seen as supporting bulk alloys prices in the near term.

United States
• The US ferro-silicon market continued its precipitous rise this week, continuing to follow the global markets upward.
• Available US stocks remained minimal, helping to drive pricing upward.
• Production cutbacks and shipping difficulties have exacerbated the tight supply situation in the US.
• Market participants thought that prices would continue to run upward in the near term given the current global market price levels and supply situation.

Exactly! But last Friday they came in earlier during morning time.

Price seem like normalized at RM3.90 now, time to collect more!!

Sims, the link is okay for me! I am using the same futures for monitoring as well

Same here. Bought back some at 3.65. Hopefully can collect some more ticket at lower price today.

Damien88, yes, you are right. Not to forget that OMH also own Manganese mines as well.

This is the news as at this morning.

国内期货早盘开盘，能化商品普跌，聚氯乙烯（PVC）期货跌停，硅铁跌超6%，锰硅、甲醇、乙二醇（EG）跌超5%，液化石油气（LPG）、纯碱、铁矿跌超4%；涨幅方面，沪锌涨超4%，国际铜主力合约涨超3%。

It is already in the major China news. You may search it at Sina Finance as well. Manganese alloys also drop 8% today

China ferro silicon futures price hit limit down today, I guess the price will continue to shrink tomorrow as China already approved to increase the power usage for heavy industry at Inner Mongolia.

Wait for a lower price to collect.

Same here.... Seem like ASX is trading at higher price now.

Both Silicon manganese and ferro silicon China future price dropped 7-8% this morning, I guess this is the reason of poor performance today.

Major Ukraine ferro-alloys producers slash output in October
Published by: Declan Conway
11 Oct 2021 @ 15:37 UTC
The two biggest ferro-alloys producers in Ukraine - Nikopol and Zaporozhye - are almost halving production of manganese alloys in October due to surging electricity prices, a source told Fastmarkets on Monday October 11.
The Privat Group, which owns the facilities is shutting five of its 13 furnaces at Nikopol, cutting its monthly manganese alloys output to 35,000 tonnes, from 65,000 tonnes in September. It is also idling two silico-manganese furnaces at Zaporozhye, cutting monthly production there by 5,000 tonnes in October. Zaporozhye's monthly ferro-silicon production is unchanged at 6,000-6,500 tonnes, the source said.

“No-one is interested in cutting production volumes, but at this stage the situation is such that an increase in the cost of electricity entails a reduction in profitability, and hence a reduction in production. And no one will work at a loss for themselves," Nikopol chairman Vladimir Kutsin said.

Ukraine energy prices jumped more than 25% to 2,175 hryvnia ($94) per 1,000 KWh in October, from 1,650 hryvnia per KWh in September, according to the Ukrainian Association of Producers of Ferroalloys & Other Electrometallurgical Products (UkrFA). Last year the average monthly energy price in Ukraine was 1,295 hryvnia per KWh.

The move to cut ferro-alloys production by Privat follows a strong rally in manganese alloys prices this month after news that Slovakia's OFZ plans to halt more than half of its furnaces due to sharply higher energy prices.

Manganese alloys prices in Europe jumped sharply last week, while silico-manganese prices in Europe increased 20% on October 8 to reach their highest level since Fastmarkets began assessing the market in January 1997. High-carbon ferro-manganese prices, meanwhile, jumped 12.6% to match a record peak last seen in October 2008. These price moves follow shrinking output across Europe, with production cuts also reported in Spain and Slovakia.

Manganese alloys availability is tight for prompt demand and replacement costs are expensive given the current logistical uncertainty and reduced production elsewhere in the world due to the Covid-19 social restrictions. Surging electricity costs, both in Europe and elsewhere have helped too cement a record rally in international bulk alloys prices.

Fastmarkets’ price assessment for silico-manganese, lumpy, 65-75% Mn, basis 15-19% Si (scale pro rata), major European destinations was €1,900-2,000 ($2,198-2,314) per tonne on Friday, while Fastmarkets assessed the price of high-carbon ferro-manganese, basis 78% Mn max, standard 7.5% C, delivered Europe at €1,800-2,000 per tonne. Privat mainly sells its ferro-alloys output to domestic steelmakers in Ukraine, but also ships volumes to steel mills and alloys traders in Europe.

Ukraine exported about 25,000 tonnes of silico-manganese in the first eight months of 2021, compared with around 50,000 tonnes or the whole of 2020. The country exported about 90,000 tonnes of ferro-silicon in January-August 2021, compared with about 180,000 tonnes in total over the whole of 2020.

The end-user markets for manganese alloys in construction and in the automotive sector are showing signs of a strong return to growth this year, while there have been steel supply shortages in Europe and only limited import availability due to container shortages and trade protection measures.

Silico-manganese is used to make long steel for the construction sector, such as rebar and wire mesh. Ferro-manganese is used as a deoxidizer in steel production and in finished products for vehicle manufacture and stainless steel. So steel mills tend to use ferro-silicon and ferro-manganese together when making the flat steel typically used in carmaking.

Nikopol made more than 200,000 tonnes of manganese alloys in the first quarter of 2021, up by almost one-fifth year-on-year and up by more than 50% since December. Nikopol Ferroalloy Plant and Zaporozhye Ferroalloy Plant produced almost 250,000 tonnes of manganese alloys in the first four months of 2021, down by more than 10% year-on-year. The decline in production was thought to be a result of measures to combat the spread of the Covid-19 pandemic.

Ukraine typically imports most of its manganese ore from Ghana, and bought in almost 125,000 tonnes in the first four months of 2021.

Most of the Europe plants already reduced their production. If the coal price keep increasing, they will shut down their operation due to high power cost.

Anson, you are right! The KPMG audit report will tell us the whole story

If you pay more attention in their AR, you can connect the dots that linked to the investigation subject matter.

Fabien _the efficient capital allocator, the MCO restriction have no impact to their existing production line since March last year as they never stop operation.

However MCO did affected their Phase 3 commissioning original schedule. Result could be even better if they managed to commissioning it earlier.

QR will be released next week. Result is superb!!! I am keeping it for longer term.

AlsvinChangan, China & USA. Price is extremely good for USA market now. Price will be even better once Biden US$2T Infra budget is approved

Being a newbie in stock exchange, I have no idea who is OTB and KYY or their stories /friendship. So I did some google on OTB and the ironic was the first article that I found KYY was recommending OTB as his best investing partner.

Priceless!!

http://www.sharetisfy.com/2019/02/my-recommendation-for-mr-ooi-teik-bee.html

Let try to purchase some!

Foggyt, their revenue is mainly project base and small amount coming from the renewal of the support maintenance contract. Good prospect or not, it is hard to say now as their main markets are still affected by COVID.

Good thing is one of their shareholder is well known Tan Sri. If they managed to sell their solution to the Tan Sri's group of companies, personally I think they have a good future.

Absolutely right. The true master won't have time to give lecture.

KKH 那些真正是股票大师的人会从股票市场中获利，他们实际上没有时间教学生股票课程。 那些讲得像salesman和表现得看起来像股票大師的人其目的都是从学生/班级课程中赚大钱。 如果他们已经这么优秀，从股市赚了很多钱，还需要教学生吗？ 真的, 买几本真正大股票大師的书来读好过交几千塊的学费给这些沒有风险管控的烂大師！
05/07/2021 5:33 PM

OTB, any idea their steel plant product is sold locally or mainly export?