To all Pmetal investors .. u all must thank Hunger .. ought to him then u all make money. He is an expert, without him u all won't make a single sen. thanks .
Aluminium prices have climbed to their highest in nearly three years as expectations of capacity cuts in top producer China, where the government is waging a war on pollution, were reinforced by a lower dollar.
Benchmark aluminium on the London Metal Exchange ended down 0.1 per cent at $US2,027.5 on profit-taking. Earlier it touched $US2,043, its highest since November 2014, a gain of around 20 per cent this year.
"Aluminium's rise is related to capacity cuts and tighter environmental regulations. Shandong province yesterday announced capacity cuts that were larger than expected," said Xiao Fu, head of commodity strategy at Bank of China International.
"It's related to supply side reform and there is a broad-based spillover into other metals. We are seeing long positions being added in copper and overall market."
SHANDONG: China's Shandong province has ordered 3.21 million tonnes of smelting capacity to be shut. In a statement the Shandong Development and Reform Commission (SDRC) said checks had shown areas of the eastern province had 3.21 million tonnes of illegal capacity built without permits.
ENVIRONMENT: The shutdowns come as China's Ministry of Environmental Protection (MEP) said it was embarking on its fourth round of environmental inspections across eight provinces and regions, including Shandong.
CHINA ALUMINIUM: China's aluminium output hit a record high of 97,700 tonnes a day in June. That was equivalent to an annualised run rate of 35.7 million tonnes and represented 56.5 per cent of global output, also a fresh high.
DOLLAR: Industrial metals overall were boosted by a lower US currency, which makes dollar-denominated commodities cheaper for non-US firms; a relationship used by funds which trade using buy and sell signals generated by numerical models.
NORTH KOREA: The dollar came under pressure after North Korea said it is examining plans for a missile strike on the US Pacific territory of Guam, just hours after US President Donald Trump told the North that any threat to the United States would be met with "fire and fury".
Experience taught me not to panic sell good FA stocks. Mr Ooi Teik Bee has set up a portfolio known as "Buy when everyone is fearful portfolio during the August 2015 crash on 12/8/2015". After four and a half months, on 31/12/2015, the portfolio gained 43.0%, and he said "I feel very sad for those investors who cut loss on 12/8/2015".
Trump is an economy player.he wun be that dumb to destroy his position as a president and his business to go for war.again,dont assume.most of his action are just for show only.to get more "popular"votes
1.The Black Swan event is something the market-place players cannot predict correctly.It had happened in the past and will be repeated again. 2.The worrying point is this Kim of North Korea.As a young and reclatritant leader of a secluded nation he is too immature and arrogant to act and respond responsibly.The worrying part is that he is too provocative and beyond the influence of his closet ally which is China. 3.South Korea is worried because the Seoul,capital of South Korea is close to the border of North Korea and there is a number of warheads pointing towards the bustling metropolis. 4.It is unlike Iran which used to sabre-rattling with US but the threat to US territory is so far away. 5.In this case if going by the news wire,NK has developed ICBM which can strike Guam- one of US protected territory then one would expect a full-blown war to happen.
Outcome: Geo-political risk emanating from NK is high of such tension is not mitigated..If the crisis blown up one will expect a full-scale nuclear strike first by US to stamp out the risks.That will provoke China and USSR nearby.
China urges U.S. to act 'prudently' in aluminum foil dispute
BEIJING (Reuters) - China urged the U.S. government on Thursday to act "prudently" to avoid damaging economic relations between the two countries, in a strongly worded response to Washington's preliminary decision to slap anti-dumping duties on Chinese aluminum foil.
In a statement posted on its Wechat account, the Ministry of Commerce said the United States had ignored offers of cooperation from the government and Chinese companies in making its ruling this week.
The statement, attributed to Wang Hejun, head of the Commerce Ministry's trade remedy and investigation bureau, was more strongly worded than typical responses to trade disputes with the United States.
The statement said there were no grounds to accuse China's downstream aluminum companies of benefiting from subsidies.
Washington has previously made similar claims about China's banking sector, unreasonably labeling Chinese commercial banks as public institutions, the statement also said.
The Wechat post followed news on Wednesday that China's top foil producers are preparing to launch a legal challenge to a U.S. Commerce Department ruling that would slap antidumping duties of 16.56 percent to 80.97 percent on Chinese aluminum foil imports.
China's government said it is highly concerned about the action the United States is taking to provide relief to its aluminum industry.
Washington is also investigating whether to curb aluminum imports from China under the rarely used Section 232 of the Trade Expansion Act of 1962, which allows restrictions on imports for reasons of national security.
U.S. President Donald Trump's administration is conducting a separate investigation into steel imports from China.
Attack balik mean rebound back . They won't play with fire . Only those don't have this Pmetal counter were playing with fire in this forum . Percayalah Pmetal sebab ia tetap boleh dan memang boleh .
Sifus, please provide your thoughts and analysis on this coming QR results to be released soon. I think that is very important.
I took a cursory look at ALU LME historical price chart between April to June 2017, looks like averaging USD1950. That would be higher than the Jan - Mar 2017, which was averaging USD1800.
Apart from ALU price, what are the other factors that would deliver another fantastic QR for PMETAL?
Is today a last chance to load up on PMETAL shares before it goes to the moon?
still holding for qr results. War is not an option and both Trump and Kim know it, just a whole lot of brinkmanship. Don't you think that Kim wants to go on living the good life? A war with the US regardless of the outcomes will bring an end to N Korea and Kim. You think the generals in N Korea, who are btw living good lives too, will allow Kim to just fire a missile and provoke a nuclear war they cannot win? Come on, be serious. Today's geopolitics are totally influenced by economics and business and profits. To those who have PM shares, sell if you must but not because of fear.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
meistsk3134
2,368 posts
Posted by meistsk3134 > 2017-08-10 21:54 | Report Abuse
Any other cheap alu share can share here?