Posted by UlarSawa > 2021-11-10 16:20 | Report Abuse

BEIJING/MANILA, Nov 5 (Reuters) - Benchmark iron ore futures in China fell on Friday and logged a fourth straight weekly decline as industrial demand remained sluggish due to steel output curbs in the country.

Capacity utilisation rates of 163 blast furnaces at mills across the country stood at 62.39%, as of Nov.5, data from Mysteel consultancy showed, down from 66.17% the week earlier.


The most-traded iron ore futures on the Dalian Commodity Exchange , for January delivery, ended down 3.2% at 561 yuan ($87.65) per tonne. The contract fell 12.1% this week.

Prices for other raw materials also declined. Dalian coking coal futures faltered 0.8% to 2,390 yuan a tonne and coke prices slipped 1.9% to 3,046 yuan per tonne. They rose 5.4% and 2.3%, respectively, this week.

Weekly steel consumption in the world's top metals consumer also dipped, down 2.3% from the previous week, according to Mysteel.

"Intensifying expectation on lower costs and weak demand will further drag steel prices," analysts with Galaxy Futures wrote in a note, adding that futures prices are still lower than spot prices.

Construction rebar on the Shanghai Futures Exchange edged down 0.6% to 4,247 yuan a tonne

Hot-rolled coils , used in the manufacturing sector, dropped 2.2% to 4,569 yuan per tonne.

Shanghai stainless steel futures were down 0.6% at 18,270 yuan a tonne.

Posted by UlarSawa > 2021-11-10 16:20 |

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Posted by Russel > 2021-11-10 16:22 | Report Abuse

Solid strong support @ RM0.52, HiapTek won't drop below this....Compare AYS and Hiaptek price action today.

Posted by paktua73 > 2021-11-10 16:24 |

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Posted by MoneyMakers > 2021-11-10 16:30 | Report Abuse

Yesterday, hiaptek/ays both 25% down from peak

Today, ays now 35% drop from peak..hiaptek still 25% down

Future coming days lets see if hiaptek follow ays become 35% down from peak or ays recover

Posted by MoneyMakers > 2021-11-10 16:30 | Report Abuse

Both pump together, both dump together

Posted by paktua73 > 2021-11-10 16:34 |

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Posted by OTB > 2021-11-10 16:40 | Report Abuse

Go to hardware shop or check with local contractors, what is the selling price of steel rebar ?
RM 3,200 to 3,300.
Still very good selling price.
Thank you.

Posted by HuatRex > 2021-11-10 16:44 | Report Abuse

Otb, I remember you said share price always run 6 months ahead. If you said the coming QR is very good, it should have reflected by now. Thanks.

Posted by OTB > 2021-11-10 16:47 | Report Abuse

No point argue, wait for the result.
I am not interested to argue with you.
When the share market is not good, talk cxxk here.

Posted by OTB > 2021-11-10 16:48 |

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Posted by Johnchew6 > 2021-11-10 16:54 |

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Posted by Johnchew6 > 2021-11-10 16:56 |

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Posted by Johnchew6 > 2021-11-10 16:57 |

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Posted by Johnchew6 > 2021-11-10 16:59 |

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Posted by Johnchew6 > 2021-11-10 17:00 | Report Abuse

Ok ok MoneyMakers Shark win !! Happy ???

Posted by Johnchew6 > 2021-11-10 17:09 |

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Posted by Johnchew6 > 2021-11-10 17:09 |

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Posted by OTB > 2021-11-10 17:12 | Report Abuse

Steel rebar future in US is quoted at USD718 which is the international price.
1 MT = 1.102 US ton.
Steel rebar future per MT in US = USD718x1.102=USD791.2
1 USD = RMB6.39.
USD791.20 = RMB5,056.

Go to hardware shop or check with local contractors, what is the selling price of steel rebar ?
RM 3,200 to 3,300.
Still very good selling price.

The Malaysian price is still inline with US steel rebar future price.

It did not drop so much like China steel rebar future price.
Thank you.

Posted by Johnchew6 > 2021-11-10 17:14 |

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Posted by HuatRex > 2021-11-10 17:14 | Report Abuse

Lolz.... I quote what you had said earlier, it is cxxk and non sense? So what you said earlier is cxxk and nonsense? I asked you gently but you responded rudely. Is ok if you can't answer to what you had said earlier.

Posted by Johnchew6 > 2021-11-10 17:19 |

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Posted by goodiewilly > 2021-11-10 17:20 | Report Abuse

whats wrong just listen to Sife OTB?? He presented with facts and figures, not wordings, with updates of data so often. May be once you see November steel companies QR and you will jump in to buy heavily prior to Hiaptek QR in December, which is foreseen to be super good, especially to compare with September announcement.

Just be patient to see QRs of steel companies, especially AYS, Annjoo, Prestar, Lion etc etc, you will decide your action for Hiaptek.

If November announcements of those are bad, and US Steel price drop, China is government controlled, not free market, still drop, then all of us sell it down to 0.40 lor.

No need to accuse anyone here.

I salute to OTB who still is so gentleman.

You see me FFFFF those fellows in other forum. what gentleman if you are so angry and dulan.

Posted by MoneyMakers > 2021-11-10 17:23 | Report Abuse

Whatever good coming QR irrelevant @ alrdy reflected last month price 70sen

Posted by MoneyMakers > 2021-11-10 17:23 | Report Abuse

Now market pricing-in steel price crash & future low profit

Historically only 30sen at current steel price..prepare big dump

Posted by takaje > 2021-11-10 17:37 | Report Abuse

So far MoneyMakers is the most consistent bear. Everyday post same thing, everyday drop, everyday historically only 30sen. lol

Posted by takaje > 2021-11-10 17:40 | Report Abuse

MoneyMakers u need to up ur game. Becoming boring already...

Posted by lawrgan > 2021-11-10 19:18 | Report Abuse

No choice, he got to work day and night for shortlists. Don’t blame him for his negative thinking.

Posted by lawrgan > 2021-11-10 19:20 | Report Abuse

Life is tough for him to make a living. Snakee is his assistant for fear mongering job.

Posted by UlarSawa > 2021-11-10 19:22 | Report Abuse

Ular never work as an asst one leh. Ular always sharing mah. Sharing is Caring leh. Correct?

Posted by UlarSawa > 2021-11-10 19:24 | Report Abuse

Now Ular need the anchor promoter to help Ular become millionaire leh. Ular think Hiaptek can make ular become millionaire leh. Pls promote more facts n figures lah. Baru boleh naik harga lah. Boleh?

Posted by Colgate > 2021-11-10 19:25 | Report Abuse

BIG LESSON NOT NEGATIVE PESTS, coming day .......PRESENT TO THEM

Posted by Colgate > 2021-11-10 19:26 | Report Abuse

Typo*
BIG LESSON *To NEGATIVE PESTS, coming day .......PRESENT TO THEM

Posted by UlarSawa > 2021-11-10 19:31 | Report Abuse

What talking you. Sharing is Caring mah. You not even sharing what you do at here. Pest control job kah. Correct?

Posted by Colgate > 2021-11-10 19:36 | Report Abuse

Covid era. Sharing is Scary, Not Caring. What you doing about sharing? Sharing is Scary. LOL

Posted by Colgate > 2021-11-10 19:39 | Report Abuse

Covid era. Sharing is Scary, bring Bilis Holland, Drink Tulip Essence?

Posted by Colgate > 2021-11-10 19:44 | Report Abuse

Target Earnings KFC meals. No aiming big heads. Very pretty scary game here. Hero or Heroine Die First Standing?

Posted by Colgate > 2021-11-10 19:50 | Report Abuse

Renew FDs higher interest rates, my Grandpa and Grandma tactics in the 1970s era still applies here? Now renew Bitcoins higher Bit rates.

Posted by UlarSawa > 2021-11-10 19:53 | Report Abuse

Attention Attention. Ular now jadi promoter sekarang pasal Ular sudah loaded Hiaptek 1000 saham today. Last call last call. Train mau jalan already. If you missed the train you need to pay extra cost to buy the ticket at next stop. Those penkritik can rest for awhile until Ular cutwin baru mari sini add oils add salts. Thank you for your help for the past many days. Ular appreciate your help to remind those newbies the steel price crashed HiapTek price also crashed. Now Ular sudah ada 1000 saham Ular need your help too . Can you all stop critic Hiaptek for a short period until Ular cutwin already then you can proceed with your job again. Thank you very much if you can help Ular cutwin again. Those promoters can carry on do you regular jobs. Hang all the good good banners again. Its time to make Hiaptek flourish again. Boleh?

Posted by Colgate > 2021-11-10 19:55 | Report Abuse

Target Earnings KFC meals. No aiming big heads. Very pretty scary game here.

Posted by Colgate > 2021-11-10 19:56 | Report Abuse

Renew FDs higher interest rates, my Grandpa and Grandma tactics in the 1970s era still applies here?

Posted by Colgate > 2021-11-10 19:56 | Report Abuse

Covid era. Sharing is Scary, bring Bilis Holland???

Posted by takaje > 2021-11-10 20:11 | Report Abuse

Ular wanted to buy lower so come out scare people is it? Why change now lah? Any facts and figures?

Posted by takaje > 2021-11-10 20:44 | Report Abuse

Oh like that. But u buy because hilang kemaluan u, not proper strategy. Later u lose how? Lol

Posted by BaybieShark > 2021-11-10 20:46 | Report Abuse

time to enter?

Posted by neWbie606 > 2021-11-10 20:46 | Report Abuse

@takaje...you are one in a million lol!

Posted by MoneyMakers > 2021-11-10 21:08 | Report Abuse

“China retail steel stocks fall 2.6% to 9-mth low as of November 4”

“October PMI (demand indicator) for the Chinese steel sector was DOWN 6.7% compared to September.

Meanwhile, October sub-index for new orders in the steel sector saw a BIG DECREASE of 10.8% month on month”

Posted by MoneyMakers > 2021-11-10 21:09 |

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Posted by MoneyMakers > 2021-11-10 21:10 |

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Posted by UlarSawa > 2021-11-10 21:14 | Report Abuse

You not sporting leh. Ular appealed to you all dont come here post those no good good facts and figures leh. Now Ular is shareholder become Part Time promoter leh. Give face tampok leh. Tolong Tolong tampok lah. After Ular cutwin then you post lah. Boleh?



MoneyMakers “China retail steel stocks fall 2.6% to 9-mth low as of November 4”

“October PMI (demand indicator) for the Chinese steel sector was DOWN 6.7% compared to September.

Meanwhile, October sub-index for new orders in the steel sector saw a BIG DECREASE of 10.8% month on month”
10/11/2021 9:08 PM

MoneyMakers Commodity crash continues
————————————

“Dalian iron ore dives to 1-yr low on Wednesday on gloomy China demand outlook.

Construction steel rebar on the Shanghai Futures Exchange fell as much as 6.3% to the lowest since December 2020, while hot-rolled coil shed 6.7%”
10/11/2021 9:09 PM

MoneyMakers Steel price continue crash break new monthly low

Steel pump over..waiting sharks big dump below 50sen
10/11/2021 9:10 PM