Giá quặng sắt tăng điên loạn, 19% chỉ trong 1 ngày, thế này thì BAM, BGM lồi mồm

Iron ore jumps by record 19%
Strong Chinese demand pushes prices; domestic steelmakers under pressure
Aditi Divekar | Mumbai March 8, 2016 Last Updated at 00:56 IST


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A sharp rise in global iron ore prices on Monday has put pressure on domestic iron ore mining companies such asNMDC to increase prices of the commodity.

Globally, iron ore prices (of 62 per cent ferrous content) shot up 19 per cent to $63.74 a tonne (Rs 4,270 a tonne at rupee-dollar rate of 67) on Monday, taking year-to-date gains to 46 per cent, exerting pressure on NMDC which has not revised prices since December.

The state-owned miner has kept its lump ore priced at Rs 1,800 per tonne in the last three months after a downward revision from November price of Rs 2,100 per tonne. The gap between domestic and global iron ore prices is huge, giving good leeway to NMDC. Global iron ore price trend is one of the several factors - apart from domestic demand-supply equation, the import scenario and currency fluctuation - NMDC takes into consideration before reviewing prices.

The rise in global iron ore prices is mainly because of a steel supply deficit and better margins required to increase production ahead of the Chinese peak demand season starting in the second (April-June) quarter," said Goldman Sachs in a report.

Meanwhile, NMDC has chosen a wait-and-watch approach till it's confident on the prevailing trend. "No decision on iron ore price revision has been taken so far and the price review meeting is scheduled to be held on March 15… Till then we are closely monitoring the global iron ore price trend," said an NMDC official.

NMDC is India's single-largest iron ore producer. This makes the company's production and pricing trend crucial for the domestic iron ore and steel industry. NMDC produced 25 million tonnes iron ore in February, up from about 20 million tonnes production in December, indicating rising demand from the local steel producers.

Iron Ore Jumps Most on Record as Market Goes 'Berserk'

Jasmine Ng

J

Iron ore soared the most ever after Chinese policy makers signaled their willingness to buttress economic growth, boosting the outlook for steel consumption in the top user and igniting speculation that some investors who’d bet against the market had been caught out.

Ore with 62 percent content delivered to Qingdao jumped 19 percent to $63.74 a dry metric ton, Metal Bulletin Ltd. data show. That’s the biggest gain in daily data going back to 2009 and the highest price since June. The surge was preceded in Asia by a rally in futures, with the most-active contract on Singapore Exchange Ltd. climbing 21 percent to $60 and prices on the Dalian Commodity Exchange rising by the daily limit

--- Gộp bài viết, 08/03/2016, Bài cũ: 08/03/2016 ---

Hèn gì Bam ra tham chiếu bao nhiêu hết bấy nhiêu

Iron ore's incredible rally sparks wild speculation as to what's behind it
Date
March 8, 2016 - 5:46PM

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Investors say the rally in iron ore has more to do with speculative activity and short positions being squeezed out than a sudden bullish twist on China's growth. But the stunning move higher on Monday night has also lent itself to some imaginative theories.

One is that a prominent flower show in Hebei province scheduled for April, has forced steel mills to advance production to ensure clear skies for the event. The exhibition in Tangshan will reportedly lure 10 million visitors, according to the Xinhua new agency.

Spot iron ore jumped a record 18.6 per cent to $US63.74 a tonne in Monday trading, the highest level since June 2015.


Investors were left stunned by the unexplained, 18.6 per cent rally in iron ore. Photo: Supplied

Other commodities such as crude oil rallied too, but iron ore's gains were the most remarkable.

The magnitude of the rise immediately suggested a covering of short positions, given hedge funds have been correctly bearish on the commodity price for a while.

Dalian and Singapore are the two main exchanges for trading iron ore.

Rally not over yet
Iron ore futures on Tuesday indicated the rally was not over yet. May futures rallied 5.9 per cent in China but March futures fell 3.9 per cent on thin volumes (just 14 trades) in Singapore. Shares of BHP Billiton and Rio Tinto fell by 1.8 per cent and 2.6 per cent. Fortescue Metals fell 9.4 per cent.

ANZ argued that for the iron ore price to level with market fundamentals, Chinese steel demand would have to rise by 5 per cent, "a highly unlikely scenario". That implies prices at these levels would not be sustained.

Daniel Hynes, senior commodity strategist at ANZ, said the market's bearish mood had been well founded until now. "Rightly so, there were some warning signs out there of things getting particularly worse," he said. "The speed and pace of that shift is unprecedented, that's certainly surprised a lot of people."

Chinese steel production is just under 800 million tonnes a year and peaked in 2014.

Signs of a bottom in the oil price and some base metals had paved the way for a more positive mood towards iron ore.

"Over the past couple of weeks we've seen the view on that outlook change in the Chinese steel market," Mr Hynes said. "We've seen in the wider commodity complex a distinct shift in sentiment."



Read more: http://www.smh.com.au/business/mark...-behind-it-20160307-gnd5d1.html#ixzz42IF9muKa
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chú ôm đc BGM xác định 11 phiên CE nhá, chờ nó giải trình 11 phiên trần

con này quặng kiếc gì ; nó đánh bung bét hết

Ngon quá

--- Gộp bài viết, 08/03/2016, Bài cũ: 08/03/2016 ---

Ăn 100% BAM với giá 1,8

--- Gộp bài viết, 08/03/2016 ---

Bam đè ăn hàng kinh quá

--- Gộp bài viết, 08/03/2016 ---

Múc nhanh khi có biến

Bam gom mạnh wa

--- Gộp bài viết, 08/03/2016, Bài cũ: 08/03/2016 ---

Hốt giá CE hết cho máu

đang ngon chú mở Pick làm nó sút

Sút mới có hàng

--- Gộp bài viết, 08/03/2016, Bài cũ: 08/03/2016 ---

Ngon quá múc thêm duoc BGM

--- Gộp bài viết, 08/03/2016 ---

Liều ăn nhiều

đc 10 cây CE như BGM ko ?