Just when you thought things were looking up for the steel/iron industry in China and for local players like Delong, this fellow came and shingzed the whole party.
Of particular note:
“The iron ore market remains massively oversupplied and steel consumption in China will extend declines this year,” Li said in an interview on Tuesday. On Wednesday, he told a conference in Perth that he sees iron ore prices trading between $40 and $60 a metric ton this year as China’s demand weakens.
God bless you.
Showing posts with label sti. Show all posts
Showing posts with label sti. Show all posts
Thursday, 10 March 2016
Friday, 5 February 2016
WHAT'S HAPPENING TO STI TODAY? 5 FEB 2016.
Nothing.
Just an elevated pre-lunar new year short-covering by the various funds which had been shorting the STI happily in the past one month.
恭喜发财 everyone. May the Singapore bourse prosper on 初三!
P.S. Keep a lookout for non-farm payrolls tonight 9.30pm Singapore time.
Just an elevated pre-lunar new year short-covering by the various funds which had been shorting the STI happily in the past one month.
恭喜发财 everyone. May the Singapore bourse prosper on 初三!
P.S. Keep a lookout for non-farm payrolls tonight 9.30pm Singapore time.
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