Boomerang

Boomerang | Joined since 2017-01-24

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2017-02-27 00:31 | Report Abuse

Hunger http://www.alcircle.com/primary_aluminium/newscircle/market/detail/27084/lme-aluminium-drops-after-fomc-meeting-signals-a-possible-rate-hike

According to the Federal Open Market Committee (FOMC) meeting, the Fed is expected to raise rate soon. Shanghai Metals Market (SMM) said in its forecast LME aluminium will "seek a breakthrough" and trade at US$1,870-1,900 per tonne on Thursday, February 23.
23/02/2017 15:32

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2017-02-27 00:00 | Report Abuse

I pick Pmetal wc. Some comments very useful:

moneykj Pmetal outlook is bright due to:
1. Recovery of Aluminium price. From below 1500 to above 1800.
2. Full commissioning of phase 3 Samalaju plant.
3. Improvement of margin thru moving upstream to secure its raw material supply, saving in transportation cost with commissioning of new port and moving into higher margin products.
4. Appreciation of Usd.
Above mentioned factors already being covered by research n investment firms. All can read the respective headlines by Rhb, Kenanga n Edge.
12/02/2017 02:54

moneykj From previous share price movement history against Lme, every hike of 100usd in lme represent 1.00 hike of share price(before ex bonus), or 0.357(current price). At 1600, share price is 1.64. At 1700, share price is 2.00. At 1800 should be 2.36. Plus invisible hand factor could reach 2.50. From current 2.24, you may argue 2.50 is not attractive enough. Will lme stop at 1800 level? My answer is of course not... to be continued later, feel tired after epl games...
12/02/2017 03:36

moneykj From aluminium price chart, every lowest and highest point getting higher and higher, moving in linear line now turned into exponential hike. If lme can closed above 1870 double top resistance level, or better psychology level of 1900. It's the strong signal that lme price is towards 2081. I believe it will happen in few months time. Then the share price is 2.36+0.357+0.357=3.07.
12/02/2017 13:05

moneykj Can lme price go to 3000 or share price above 6.00? I don't know but never say never. In 2008 lme did reached 3000. With curbs aluminium production in China which created a supply and demand gap, increasing demand in auto sector, increasing demand in electronics sector example heat sink products and potential recovery in property market in second half this year. With so many positive factors, I can say is aluminium price will keep moving on after reach 2081.
12/02/2017 13:27

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2017-01-29 13:58 | Report Abuse

Paperplane sifu, tin and aluminium which one better? Or Msc and Pmetal which one better? I saw sifus in Pmetal forum say Pmetal have 100% to go up. How about Msc?

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2017-01-28 18:53 | Report Abuse

Bizfuneng, what's your suggestion?

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2017-01-25 22:50 | Report Abuse

No chance

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2017-01-24 13:26 | Report Abuse

Buy some, buy some

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