Shanghai steel futures break above 5,400 yuan a tonne for the first time on record buoyed by strong domestic demand as the peak constructions season starts. Also, production curbs aimed at reducing carbon emissions in China’s steel capital Tangshan have been boosting prices and profitability at mills. Global demand is also making a return as more economies reopen, with China’s finished steel exports surging 24.5% from a year earlier in the first four months of the year.
Last round I did make more than 40k, wanted to hang on till pass my 1st TP 0.9 but I notice everyone starts to take profit so I sell on the 2nd and 3rd day from peak price 0.855.
Starts collecting in small quantities yesterday and today.
Commodities up cycle toppish. Any rebound is for you run for your life ya. Sorry for pouring cold water. Next month finance sector still have a chance to rebound ya
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....
llrr77
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Posted by llrr77 > 2021-05-06 20:12 | Report Abuse
tmr hoot ulicorp