Discover and read the best of Twitter Threads about #ironore

Most recents (16)

#stockstowatch #steel #ironore
Steel, iron ore & iron ore pellet prices are all likely to correct sharply given the imposition of export duties. Export taxes levied are
Steel- 30% from NIL
Iron Ore- 50% from 30%/0%
Iron Ore Pellets- 45% from NIL
Let's calculate the price impact
Global iron ore prices are currently around US$129/t. Based on the current duty of 50% export tax up from 30%, the iron ore prices should fall in India by Rs1500/t. See table below for calculations
Iron Ore Pellet prices in India ex Raipur stands at Rs10300/t. Accounting for increase in export tax to 50% from 0% and also factoring in the cost of making pellets post possible drop in iron ore price. Expect iron ore pellet prices to drop by Rs3500/4000/t to Rs6500-7000/t
Read 8 tweets

CJI NV Ramana: there needs to be a level playing field for coal mines in bellary etc. On halting the unchecked excavation in Karnataka's 3 mining areas , the situation has worked out well. But situation has now changed
SC: We are of the opinion that 2011 order deserves to be relaxed and the e-auction is receiving low response. Thus restriction on sale of iron ore needs to be lifted ! #coalmining
SC: Export of iron ore is also allowed subject to Govt of India terms and conditions. #ironoremining
Read 5 tweets
#SupremeCourt is hearing applications seeking to re-start iron ore export from Karnataka

CJI NV Ramana: issue is whether e auction should be started or not and whether ore export be allowed.
Adv Prashant Bhushan: Steel Ministry says that more and more iron ore is needed. it says India produces 120 million tons every years and it needs 192 million tons every year.
Bhushan: ministry is saying we need to increase production of steel and thus we need more iron ore. it is not saying that there is surplus of iron ore and thus we dont need to export.
Read 16 tweets
Dalian iron ore futures gain 4.7% in night session, coking coal futures up 2.9%, coke futures up 2.3%.
#coal #CoalTwitter #ironore #iron
SHFE nickel, steel rebar, hot rolled coils futures rise more than 2%. #nickel #steel
Shanghai INE crude oil futures rise 1.9%, low sulfur fuel oil futures rise 2.1%. #OOTT
Read 4 tweets
China's most active nickel futures rise 3.5% in night session to 214,050 yuan/ton, thermal coal futures up 2.4%. #nickel #coal #CoalTwitter
Dalian coking coal futures fall 4.3% at night open, coke futures down 3.7%, iron ore futures down 3.6%, LPG futures down 3.2%, palm oil futures down 3.1%.
#coal #CoalTwitter #LPG #ironore #iron
Zhengzhou thermal coal futures trim intraday gains to 0.2% vs rise of 2.4% at open. #coal #CoalTwitter
Read 4 tweets
Crude oil futures in #China INE open up 9%, low sulfur fuel oil also rises 6.34%.
#Ironore futures up 2.7%, thermal coal advances 3%, #zinc and #aluminum rise 1.8%.
Rapeseed meal and soybean meal are running off the reason peak. ImageImageImage
Crude oil futures in INE surges 11%, hitting the limit-up, low sulfur fuel oil jumps 9.4%.
#China #Futures #OOTT #inflation Image
DCE iron ore futures extended gains to 5.7%, to 788 yuan per tonne.
SGX iron ore rises 6%, back to above $150 per tonne.
#Ironore #China Image
Read 6 tweets
#China's most-traded #IronOre futures, thermal #coal futures fall about 3% in night session.
Thermal #coal futures traded on ZCE trim losses rapidly, last down 0.9%. #China
SHFE #SteelRebar futures fall about 2.4% as #IronOre futures extend decline to more than 4%. #China
Read 5 tweets
The most-traded #ironore contract fell below 600 yuan per ton, down 5.65%, for the first time since May 2020.
SGX #ironore index futures due December fells more than 3%.
#China #future Image
The most-traded #ironore contract extended its decline to 8.04% at 577.5 yuan/ton. Image
The most-traded #ironore contract in #China dives to the limit down.
SGX #ironore future plunges 7%.
Iron ore stockpiles in 7 major ports from Australia and Brazil recorded 12.92 mln tons from Oct.25-31, rosed by 0.33 mln tons w/w, slightly above 2021 average, data shows. Image
Read 5 tweets
#Copper thread

1/ Everywhere on Twitter 'I Told You So' copper bulls are running

I get it- a technical setup where the 200d is defended & old highs are retested

And yes, I'm short duration & know the correlation w/ copper/gold

(ed note: do copper bulls short gold or bonds? :)
2/ Unfortunately, the only tangible news behind this copper squeeze are a #CCP PBOC official talking about 'Rule of Law' principles resolving Evergrande.

Are you kidding me?…
3/ Chinese home sales are contracting faster than at any time in recorded, post-Deng history
Read 11 tweets
#China Jan -Sept. imports rise 22.6% y/y and Jan.-Sept. exports +22.7% y/y in yuan terms.
#trade #import #export #economy πŸ‡¨πŸ‡³
China's General Customs' Jan-Sept Import Data: (YoY)
#crude oil imports fall 6.8% y/y to 387 mln tonnes;
#natgas imports rise 22. 2% y/y to 89.85 mln tonnes;
#ironore imports fall 3% y/y to 842 mln tonnes;
#copper imports 4.02 mln tonnes, down 19.5% y/y.
#OOTT #trade #importπŸ‡¨πŸ‡³ πŸ‡ΊπŸ‡Έ
In the first three quarters of this year, #China's #exports reached 15.55 trillion yuan, up 22.7% y/y and #imports reached 12.78 trillion yuan, up 22.6% y/y.

Foreign trade imports and exports have achieved positive year-on-year growth for five consecutive quarters.
Read 4 tweets
#China's most active thermal #coal up 8.15%, coking coal up 3.66%, #coke up 4.12% in the Wednesday morning.
#China #commodities #futures ImageImage
Most-active Shanghai steel #rebar contract falls 3% in early trade.
#China #commodities #futures Image
#Manganese-silicon futures drops about 1.70%;
#Ferrosilicon futures down 0.39% on Wednesday.
#China #commodities #futures
@nid_rockz ImageImageImage
Read 6 tweets
Cycle length dependents and flexibility:
A) The spot price level provides implications for supply or demand volumes
B) Rapid increases to super normal margin levels will stimulate accelerated supply responses sooner than originally projected
C) Fluid view on duration required
Working examples:

#ironore massive evaluated price created a massive supply response in 6 months, spot down 50% plus

#coal massive accelerated price, potential shortages of substitution alternatives over the next 6 months, emerging market supply response in due course.
Now in the context of #uranium: cycle duration from today

Spot moves to $120 plus in:

18 months = cycle duration remaining 24 months

12m = 18 months
9m = 15 months
6m = 12 months
3m = 9 months
Read 3 tweets
#China's most active manganese-silicon futures contract and ferrosilicon futures contract in Zhengzhou open 8% higher and hit the limit-up.
#Ferro #silicon
Iron ore futures in Dalian drop 3%, still on the downtrend.
Rubber and asphalt also drop 2.7%.
Live hogs down 4.5%.
#Iron #ironore #steel
Coke and coking #coal futures in Dalian DCE extend gain to 4%, thermal coal in CZCE gains 6.13%.
The coal shortage problem in China is yet to be solved.

#Tin futures in Shanghai up 3%.
Read 9 tweets
#Geology Shiny ore deposit, pretty sure itβ€˜s iron?
#ironore / pig iron in clay?
Area: Europe, North Switzerland
Read 4 tweets
Coking coal futures rise more than 4% in Dalian, while stainless steel and hot-rolled coil contracts in Shanghai up 2.5%.
#China #futures #steel #coal
China's most-traded iron ore futures fall over 3.5% in the morning trade.
#China #ironore #commodities #futures
Iron ore futures extend loss to 5%, back to 1066 yuan per ton, the lowest since May 31.
The steel capacity limitation set by the industrial department still has negative impacts on the iron ore demand.
#Iron #Ironore #steel
Read 8 tweets
#China stocks roar on, with #CSI300 up ~20% in little more than a week as (official) #margin debt climbs Y150bln to touch Y1.3 trillion - levels only seen in the peak months of 2015's madness.
Worth noting a rejection here could mean the Jan'19 formation is complete.
As the money floods into #China #equities, #bonds bear the brunt. Wealth Managers are the MOMO traders de jour "Our company's mixed products can have 60% allocations to #stock, but now we're at 70-80%. This is a normal phenomenon [sic]," said one.

This latest burst has also spared #CNY the ignominy of setting a new 12-year high above 7.18, instead pushing it briefly back through the talismanic 7.00 parity. Ergo, either locals are repatriating to get in on the action or Johnny Foreigner is being sucked into the move.
Read 14 tweets

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