Posted by UlarSawa > 2021-10-24 17:41 | Report Abuse

Posted by UlarSawa > Oct 24, 2021 9:21 AM | Report Abuse X

On October 12, during an online meeting with Mongolian Prime Minister Oyun-Erdene Luvsannamsrai, Chinese Premier Li Keqiang stated that China “hopes to carry out diversified energy cooperation, and welcomes a larger volume of coal trading between the two countries to achieve win-win results… and ensure a smooth and secure energy supply chain.” Moreover, Mongolian Foreign Minister Battsetseg Batmunkh, told the press during her visit China in July 2021 that the two countries have agreed to boost economic activities, including but limited to expanding Mongolia’s coal exports to China.

Given Mongolia’s abundance of coal and China’s heavy manufacturing industry, Mongolian coal is more than a band-aid solution for China’s domestic energy shortage. As the global coal price continues to hike, steep transportation costs and tariffs are a major dealbreaker for the Chinese, further incentivizing sourcing coal closer to home. As for Mongolia, coal exports – and the mining industry at large – will continue to be the country’s primary source of investment and business. This is an opportunity that cannot be missed, especially considering Mongolia’s slow economic growth and prolonged problematic deal with Rio Tinto.




 Posted by UlarSawa > Oct 24, 2021 9:27 AM | Report Abuse X

According to the Ministry of Energy of the Russian Federation, in the first half of 2021, Russia exported 107.3 million tons of coal, a year-on-year increase of 9.8 percent. Exports to China reached 24.15 million tons in the first six months, compared with 16.2 million tons in the same period last year.

Russia is rich in coal resources. It is close to China geographically and has a good relationship with China, making it an ideal source of coal imports for China, Han Xiaoping, chief analyst at energy industry website china5e.com, told the Global Times on Thursday.



Other provinces have also called for an increase in overseas coal supplies. East China's Zhejiang Provincial Energy Group announced on Monday it unloaded 136,000 tons of high-quality coal imported from Kazakhstan, the first time that the province purchased coal from Kazakhstan.

Northeast China's Jilin Province is advancing coal imports from Russia, Indonesia and Mongolia, according to the provincial government.



 Posted by UlarSawa > Oct 24, 2021 9:31 AM | Report Abuse X

Major coal firms pledge price caps amid efforts to ensure supply
State firms respond quickly, ‘willing to give up some profits for common good’

Four leading coal producers have openly pledged to strictly observe a price ceiling for thermal coal and ensure coal supplies, as China goes full throttle to ensure supplies before winter heating starts in mid-November and at the same time launches a campaign to put the brakes on runaway coal prices.

State-owned CHN Energy, which accounts for 40 percent of coal supplies for coal ports around the Bohai Bay, announced on Thursday that it has decided to cap the price of 5,500 kilocalorie thermal coal at 1,800 yuan ($281.33) per ton, a move it describes as a "fast response regardless of costs" and aimed at bringing coal prices back to "rational levels."

Three other companies, State-owned China National Coal Group Corporation, State-owned Jinneng Holding Group, and private-owned Inner Mongolia Yitai Group Co, have made the same pledges, saying that thermal coal will not be sold at over 2,000 yuan per ton.



https://www.globaltimes.cn/page/202110/1236983.shtml

Posted by UlarSawa > 2021-10-24 17:43 | Report Abuse

Prices under pressure
The modest rebound in steel production through mid-October has failed to lift steel prices, which have remained on a downtrend since the start of the month, mostly due to sluggish demand, market participants said.

Domestic rebar and hot rolled coil prices both fell 2% from Oct. 8 to Yuan 5,875/mt and Yuan 5,740/mt, respectively, Oct. 12.

Some traders in Beijing, Shanghai and Guangzhou said construction steel demand in September and October turned out to be weaker than a year earlier, and any further improvement in demand in Q4 was expected to be limited by a slowdown in the property sector.

China has tightened credit to the property sector since late 2020 in a move aimed at deleveraging the sector, which led to a 3.2% year-on-year decline in property new home starts over January-August.

Some flat steel traders said demand from the manufacturing sector had been battered since September by both the power rationing and soaring commodity prices and steel production could remain lower than a year ago throughout Q4, while the outlook for steel demand was similar.

However, while steel output cuts in northern China will continue until March 15 next year under a "winter output cuts" program aimed at reducing winter smog, mills in other parts of the country are expected to return to normal production levels in December or January once their output cut requirements for 2021 have been met, sources said.


Deluge of steel billet cargoes offered to Southeast Asia amid China crash
Large volumes of steel billet position cargoes held by traders have been offered at lower prices to buyers in Southeast Asia in recent days amid China’s continued price decline, sources told Fastmarkets.

Closures at Chinese rerolling mills amid power rationing and environmental measures, together with spiraling ferrous futures markets, have badly damaged steel billet demand in the country this week, prompting a crash in both local and import prices.
“The billet import market is dead and position cargoes are attempted to being moved to other destinations by traders,” a Chinese trading source said.
“Traders are offering cargoes to whichever market they can get a sale in now. There might be millions of tonnes of position cargoes out there,” a South Asian trading source said.

Extended rolling mill closures smash China steel billet prices

Reduced operations at steel rerolling mills in several key cities across China have hurt prices for steel billet in China’s local and import markets, sources said on Thursday October 21.

The northern Chinese steelmaking hub Tangshan ordered rerolling mills in its Fengrun district to suspend production from October 21 to 31 to improve air quality, market participants told Fastmarkets.
The production stoppage will reduce demand for steel billet in the country because the Fengrun district houses most of Tangshan’s rerollers, market sources said.
Tangshan billet prices dipped on Thursday because of these measures.

Fastmarkets’ price assessment for steel billet domestic, exw Tangshan, Northern China was 5,170 ($808) yuan per tonne on October 21, down by 50 yuan...

Posted by UlarSawa > 2021-10-24 17:45 | Report Abuse

Storm clouds gather over iron ore outlook with China woes, rising supply


However, there are increasing signs that the comfortable balance of the past two months is under threat from both lower Chinese demand and higher supply.

China’s daily steel output fell in September to the lowest since December 2018, with a total of 73.75 million tonnes produced in the month, down 21.2% from the same month a year earlier, and 8.6% below August’s daily average.

The faltering steel output has been blamed on production curbs as a result of Beijing’s aim of cutting pollution and energy use, and ensuring that annual steel output doesn’t exceed last year’s record 1.065 billion tonnes.

If that target is to be met, steel output in coming months will also have to be constrained, given that in the first nine months of 2021, it was up 2% from the same period last year, coming in at 805.89 million tonnes.

For January to September, daily output averaged 2.95 million tonnes. To keep 2021 steel production at no more than last year’s level, daily output during the final three months can be no more than 2.82 million tonnes.

Demand for steel is also being called into question, with China’s new construction starts slumping for a sixth straight month in September, dropping 13.54% from the same month in 2020.

It was the third month of double-digit declines and the down streak is the longest since March-August 2015, when China’s vast property sector was last in a downturn.Storm clouds gather over iron ore outlook with China woes, rising supply


However, there are increasing signs that the comfortable balance of the past two months is under threat from both lower Chinese demand and higher supply.

China’s daily steel output fell in September to the lowest since December 2018, with a total of 73.75 million tonnes produced in the month, down 21.2% from the same month a year earlier, and 8.6% below August’s daily average.

The faltering steel output has been blamed on production curbs as a result of Beijing’s aim of cutting pollution and energy use, and ensuring that annual steel output doesn’t exceed last year’s record 1.065 billion tonnes.

If that target is to be met, steel output in coming months will also have to be constrained, given that in the first nine months of 2021, it was up 2% from the same period last year, coming in at 805.89 million tonnes.

For January to September, daily output averaged 2.95 million tonnes. To keep 2021 steel production at no more than last year’s level, daily output during the final three months can be no more than 2.82 million tonnes.

Demand for steel is also being called into question, with China’s new construction starts slumping for a sixth straight month in September, dropping 13.54% from the same month in 2020.

It was the third month of double-digit declines and the down streak is the longest since March-August 2015, when China’s vast property sector was last in a downturn.

Posted by Johnchew5 > 2021-10-25 06:55 | Report Abuse

Monday , 25/10 ... Oct 18 balance T+4 = 4.3 mil ...

Oct 20, T+3 = 31.0 mil

Resistance = 0.685

Hope today will be more Volume to break 0.685 ...

Last Friday , there is buying support towards end trading that price up from 0.63 to 0.64 ...

Posted by ThousandWishes > 2021-10-25 08:25 | Report Abuse

In fact, most likely Eastern Steel Sdn Bhd will export Steel to China where steel prices are much higher than in Malaysia to make more profit.

I quote part of the rubbish article. CCP would not allow the import of normal steel especially when almost all the gigantic steel enterprises are subsidized state owned. It only permits the import of high quality steel that it could not produce from other more advanced economies such as Sweden Japan Germany etc..

Posted by kimpau > 2021-10-25 08:55 | Report Abuse

Why is Mr Ooi Teck Bee’s Rm 1.16 target for Hiap Teck easily achievable? Koon Yew Yin
Author: Koon Yew Yin | Publish date: Sun, 24 Oct 2021, 8:18 PM

My reasons for believing Mr Ooi Teck Bee’s target price for Hiap Teck is easily achievable are as follows:

In Malaysia steel rebars is much cheaper than in China.

Construction reinforcement steel bars are much cheaper in Malaysia than in China as shown on the 2 comparison photos. The average price in Malaysia is about US$ 450 and the average price in China is about US$ 750 per ton.

Malaysian steel rebar prices

China steel rebar prices

In Malaysia electricity is much cheaper than in China.

The main reasons why the steel price in China is more expensive than in Malaysia is because electricity prices in China are higher than in Malaysia as shown on the 2 comparisons above. In China 1 kwh costs US$ 0.099 = 41 sen and in Malaysia 1 kwh costs only 25 sen.

China electricity prices

Malaysia electricity prices

The steel price chart above shows that even though steel reinforce steel bars has dropped in recently in China, it has gone up from 3,500 to 5,054 RMN per ton, an increase of 44% in the last 12 months.

Hiap Teck owns 35% of Eastern Steel Sdn Bhd and 65% is own by Beijing Jianlong. Who is Jainlong?


Beijing Jianlong Heavy Industry Group Co., Ltd (hereinafter called as Jianlong Group), established in 1999, is a large enterprise group mainly engaging resource exploitation, iron and steel production, shipping, shipbuilding and electrical machinery. In 2009, the holding enterprises of the group owned total assets of RMB 37.511 billion yuan, and reached the sales income of RMB38.189 billion yuan, the tax 2.277 billion yuan, the profits 1.818 billion yuan. Now, Jianlong Group is ranked the 74th among Chinese manufacturing enterprises, the 103th among top 200 efficiency of Chinese enterprises, the 153th among top 500 Chinese enterprises.

Eastern Steel Sdn Bhd manufactures steel slabs for the steel re-rolling industries. Its manufacturing complex occupies 1200 acres of land and located at Teluk Kalung, Kemaman, Terengganu. The plant comprises of:-
* Raw Material Yard
* Ironmaking Plant:
* Sinter Plant
* Blast Furnace Plant
* Pig Iron Caster

* Steelmaking Plant:
* Converter with Ladle Refining Furnace
* Slab Continuous Casting Machine
* Oxygen Plant
* Billet Caster Plant
* 55MV Power Plant

Its current production capacity is 700,000 metric tons per annum and aims to achieve an annual production of 3 million metric tons in the near future.

China Construction Industry Set to Grow by 12.4% to Reach US$ 1,355,314 million in 2021.

While the coronavirus outbreak severely impacted the Chinese construction industry in the first quarter of 2020, the resumption of construction activities picked up pace in the second quarter. After China emerged from the pandemic in March, the government of China introduced a program including a series of fiscal stimulus for constructing roads, bridges, broadband, utilities, and railroads across the country. Consequently, the prices of metals including nickel, copper, iron ore, zinc, and others that are used to build infrastructure increased.

While the construction output recorded a lower than previously predicted growth in 2020, it is forecast to rebound sharply in 2021. Moreover, China is on its way to becoming the largest single construction industry over the next decade.

Increase Containers production requiring more steel.

China claims it has taken significant steps to ease the impact of tight container shipping capacity by boosting the availability of empty boxes and raising production of new units.

The Ministry of Transport (MoT) has also asked the major liner operators to add more calls to Chinese ports to increase capacity on export routes. The MOT said in May, the average proportion of empty containers in ports was down to 1.3%, while container manufacturers had raised production to 500,000 teu a month.

Since the 1990s, China has been the largest container producing country, with the three largest manufacturers, which have a combined market share of 82%. Last week, vice-minister of transport Zhao Chongjiu (pictured below) said: “China has become an important shipping nation and is embarking steadily on a new phase towards building its transport infrastructure.

“As China’s economy recovers from the Covid-19 pandemic, so too is international container trade, but the pandemic has disrupted port operations, resulting in the build-up and slow return of empty containers.”

Malaysia has no more MCO

Eastern Steel Sdn Bhd’s current production capacity is 700,000 metric tons per annum and aims to achieve an annual production of 3 million metric tons in the near future.

In fact, most likely Eastern Steel Sdn Bhd will export Steel to China where steel prices are much higher than in Malaysia to make more profit.

Posted by kimpau > 2021-10-25 08:55 | Report Abuse

https://klse.i3investor.com/blogs/koonyewyinblog/2021-10-24-story-h1592859192-Why_is_Mr_Ooi_Teck_Bee_s_Rm_1_16_target_for_Hiap_Teck_easily_achievable.jsp

Posted by Johnchew5 > 2021-10-25 09:05 | Report Abuse

In FY2020, ESSB increased its production to 798,512 MT (FY2019: 736,904 MT) of steel products, comprising 70,196 MT of slabs and 728,316 MT of billets,

Posted by Michael Kwok > 2021-10-25 10:07 | Report Abuse

Its time to buy back.Put big.62.5-64 cents.Each put rm 10-20k each.

Posted by Michael Kwok > 2021-10-25 10:09 | Report Abuse

Its time to buy back.Put big.62.5-64 cents.Each put rm 10-20k each.

Posted by takaje > 2021-10-25 11:23 | Report Abuse

Walau ular, so much text no essence. We are here to enjoy info sharing. You posts are really tiring. Please stop lah.

Posted by Invest_888 > 2021-10-25 12:16 | Report Abuse

China steel demand will be the guide of future steel price. As China steel production decreases, the steel price at least provide certain good support.

Posted by Want2MakeMoney > 2021-10-25 12:17 | Report Abuse

Yes, Please stop, don't appreciate what you are doing and don't even want to read what you type. But, you are absolutely annoying

Posted by takaje > 2021-10-25 12:56 | Report Abuse

I see some members projecting resistance using T+3, +4 etc. What is the technique called? Thank you.

Posted by kimpau > 2021-10-25 13:16 | Report Abuse

stay tuned!!! insider fantastic news!!!

Posted by kimpau > 2021-10-25 13:16 | Report Abuse

coming soon!!!

Posted by Johnchew5 > 2021-10-25 14:09 |

Post removed.Why?

Posted by Johnchew5 > 2021-10-25 14:09 |

Post removed.Why?

Posted by Johnchew5 > 2021-10-25 14:11 | Report Abuse

T+ 4 is rolled over .. T+3 is rolled over 13 % ...

Posted by OTB > 2021-10-25 14:44 | Report Abuse

All steel stocks in the world markets are up including steel stocks listed in China.
No reason for steel stocks listed in KLSE are down today.
Please be informed.
Thank you.

Posted by ValueInvestor888 > 2021-10-25 15:57 | Report Abuse

Steel rebar drop less than 1%, iron ore dropped more than 2%.... for steel producers profit margin is not affected. nothing has changed...

Posted by Johnchew5 > 2021-10-25 17:20 |

Post removed.Why?

Posted by ahbah > 2021-10-25 18:00 | Report Abuse

add

Posted by DickyMe3 > 2021-10-25 21:18 |

Post removed.Why?

Posted by takaje > 2021-10-25 22:15 | Report Abuse

Steel Dynamics up. US Steel Corp X gaps up. Tomorrow Hiaptek must show power sikit already.

Posted by OTB > 2021-10-25 22:24 | Report Abuse

Theoretically steel price in the world market should be up because there is more demand than supply.
China is cutting 30% output until 15/3/2022. There is a vacuum created on the supply.
US is spending USD2.2 trillion on infrastructure projects. This created a demand.

Failed to understand steel stocks listed in KLSE cannot perform.
I feel very sad.
Thank you.

Posted by risktoreward > 2021-10-25 22:33 | Report Abuse

Breaking all time high will not be smooth but will surely be rewarding. Just have patience

Posted by Slc1 > 2021-10-25 22:56 | Report Abuse

Hiap Tek go go go....

Posted by OTB > 2021-10-26 07:50 | Report Abuse

US Steel
The share price went up 7.52% today.
Good luck.
Thank you.

Posted by Johnchew5 > 2021-10-26 08:03 | Report Abuse

Tuesday , 26/10... Oct 20 , T+4 = 19 mil..

Oct 21 , T+3 = 25 mil

Predicted price range : 0.62 to 0.65

Seems Goreng / Operator will leverage if today traded volume is less than 36 million...T+5

Posted by OTB > 2021-10-26 10:19 | Report Abuse

US Steel
The share price went up 7.52% today.

https://youtu.be/58FxLcB7UD4

The demand for steel in the US is very strong.
This company recorded very good profit.

I doubt the report from Morgan Stanley.
Morgan Stanley wants to help US government to buy steel cheap for her infrastructure projects.
The demand for steel in the US is very strong for next 1 year.

Thank you.

Posted by BursaGolfer > 2021-10-26 10:23 | Report Abuse

Steel prices already soften, better sell...

Posted by kimpau > 2021-10-26 10:25 | Report Abuse

stay tuned!!! more to come!!!

Posted by Johnchew5 > 2021-10-26 10:37 | Report Abuse

Tuesday , 26/10... Oct 20 , T+4 = 19 mil..

Oct 21 , T+3 = 25 mil

Predicted price range : 0.62 to 0.65

Seems Goreng / Operator will leverage if today traded volume is less than 36 million...T+5
26/10/2021 8:03 AM

Posted by Johnchew5 > 2021-10-26 10:40 |

Post removed.Why?

Posted by Johnchew5 > 2021-10-26 11:15 | Report Abuse

High 0.645
Low 0.620
Volume 13,647,500
Volume (B/S) 2,335,200 / 1,752,500
Price Bid/Ask 0.635 / 0.640

Posted by bigprice > 2021-10-26 11:49 | Report Abuse

As long 4000 - 5000 good profit for tem.

Posted by bigprice > 2021-10-26 11:50 | Report Abuse

Above 5000 bonus

Posted by Lim Yap > 2021-10-26 15:05 | Report Abuse

In predicting stock price, we look forward, not backward. Steel bar price has been rising continously.. hence, not sustainable. All went up, must come down

Posted by goodiewilly > 2021-10-26 15:18 | Report Abuse

It shall chase up the speed of recovery like AYS later part of the day

Posted by takaje > 2021-10-26 15:18 | Report Abuse

But u are investing in the company, not speculating on steel futures. And the company's outlook is very bullish for the products it produces and customer base. No?

Posted by goodiewilly > 2021-10-26 15:27 | Report Abuse

Yes, everyone happy to see paper profit grows fast too if the surge speed is as fast as AYS. Sifu OTB may revise upwards his Target Price if additional good news and data reveal.

Posted by takaje > 2021-10-26 15:31 | Report Abuse

Mr OTB already done the hard work for all of us and now it's down to us to manage our own trades. I'm happy to sit on paper profit. Hope to hit target, sooner or later, doesn't matter.

Posted by VincentTang > 2021-10-26 15:37 | Report Abuse

China steel start rebound from bottom, is time to buy good fundamental steel stocks like Hiaptek and AYS.

Posted by winmal > 2021-10-26 16:06 | Report Abuse

AYS and Lionind are better bet to Hiap Teck

Posted by Want2MakeMoney > 2021-10-26 16:27 | Report Abuse

I see Lionind NTA looks better than HiapTeck, but Net Profit Margin of Hiap Teck is improving in last 3 quarters and looks more impressive than Lion. Lets see who will perform better by end of this year

Posted by henrychin > 2021-10-26 16:45 | Report Abuse

Hiap tek expected to make super profit in year 2021.

Posted by Want2MakeMoney > 2021-10-26 16:47 | Report Abuse

No doubt.

Posted by OTB > 2021-10-26 17:02 |

Post removed.Why?

Posted by OTB > 2021-10-26 17:18 | Report Abuse

It is very important everyone makes money.
Do not argue which stock is the best.
If I know, I should buy all AYS rather than Hiaptek.
I put more weight on Hiaptek because it is an upstream operations.
Actually, I am also wrong.
I bought AYS at 0.47 and I bought Hiaptek at 0.49.
I can buy all in AYS.
In stock market, you cannot win all.
Anyway, any stock can make money is a good stock.
Good luck.
Thank you.