IDIOT WE'VE DISCUSSED THIS BEFORE. THEY'RE RAMPING UP STEEL PRODUCTION BEFORE THEY CUT IT DOWN FOR THE TANGSHAN INTERNATIONA HORTICULTURAL EXPOSITION, running from 29 April to 16 October.
Tangshan steelmakers to cut emissions by at least 50% during horticultural exposition Singapore (Platts)--22 Mar 2016 551 am EDT/951 GMT
Steel mills in Tangshan will need to cut emissions by at least 50% when the major Chinese steelmaking hub plays host to key events held during the Tangshan International Horticultural Exposition, according to a government notice.
The strictest measures will take effect during six major events that total 33 days, including regional political and business summits, a trade fair and a film award ceremony, a notice dated March 15 by the Tangshan municipal government said.
Photos of the document were found on a number of Chinese news websites since Friday, but it could not be located on the government's website.
When reached by phone, the municipal government's general office directed queries to its environment protection bureau, which confirmed the document.
A source at a major Tangshan steelmaker contacted by Platts confirmed the document was disseminated to them during a meeting called by the local iron and steel association. Over the weekend, spot prices of square billet in Tangshan rose Yuan 20/mt ($3/mt) to Yuan 1,930/mt ex-works including 17% value added tax. It rose a further Yuan 10/mt in Monday trading.
Details of the anti-pollution measures have been keenly awaited by the market, with speculation over its impact having contributed to volatility in steel and iron ore prices over the past two weeks.
Some, however, have played down its impact, saying only smaller companies that are less well-equipped to deal with emissions would be affected.
The exposition takes place from April 29-October 16, and is seeking to draw attendance of over 10 million.
Measures will be implemented according to two groups that divide companies by their location, although iron and steelmaking companies in both classifications are to observe emission cuts by at least 50% during the six major events.
The identified 361 Zone One companies are located in the districts Lunan, Lubei, Kaiping, Guye, Fengrun and Fengnan, and the Hi-Tech Industrial Development Zone. Major mills shortlisted include Tangshan Iron & Steel and Tangshan Guofeng Iron & Steel.
Zone Two enterprises are those located in the remaining areas of Tangshan.
Those in the iron and steel, coking, cement, glass and other industries that emit volatile organic compounds are also to observe emission cuts by at least 50%, while companies in less heavily emitting industries are to reduce emissions by at least 30%.
During the six major events, Zone One companies are to implement measures one level higher than the city's existing pollution alert classification, while Zone Two companies are to adhere to measures appropriate to current pollution levels.
Hebei Jinxi Iron & Steel and Jiujiang Wire Rod are classified under Zone Two.
Monitoring and implementation of the measures will be undertaken by at least 14 government agencies, including the city's development and reform commission, environmental protection bureau and transport department.
Activities including building construction and demolition, mining, transportation and stockpiling of bulk materials will also be controlled, as will the movement of traffic.
--Keith Tan, keith.tan@platts.com, with analysis by Zhang Jing and Sharon Liao --Edited by Irene Tang, irene.tang@platts.com
Eight days away. Let's hope the wind blows.
Whenever you have an argument with someone, there comes a moment where you must ask yourself, whatever your political persuasion, 'am I the Nazi?'
Like all free markets, supply and demand determine price. As the debate around iron ore has intensified, it is appropriate to reflect on the facts behind this important Australian industry.
Between 1980 and 2005, the price of iron ore leaving Port Hedland (in 2015 dollar terms, what we call ‘real Free on board Pilbara’) averaged US$30 per dry metric tonne (dmt). For the 10-year period from 2005 to 2015, the price of iron ore averaged US$96 per dmt. And driven by the Chinese industrialisation, we even saw once-in-a-generation prices that peaked at more than US$180 per dmt.
1980 to 2005 is a long time at $30 (2015 dollars) were they selling it to aliens on some kind of "unfree" market ?
Why don't you tell the class how long you consider iron ore to have been freely traded, and why ?
Here is another chart for for you to pour over... notice any long, flat bits yet ?
Btw, haste has an e on the end numb nuts... did your wrists cramp up masterbating over the 4 month IO chart ? If you want me to bother checking my post for errors, how about you use a brain to construct your posts, and check your own spelling
Go back and read what I said, you've got it wrong yet again.
PS - you really do need to change the settings on your phone to auto correct.
If the futures market was always right, money would be pretty easy to make... they are a reflection of perceptions today for the future... watch them move around.
There are many analyists predicting higher IO prices... they may be right.. many of them predicted recovery of prices all the way down also so take their predictions with a grain of salt.
Btw... it is a tablet, not a phone, and auto correct does not fix touch screen problems... thanks anyway.
If the futures market was always right, money would be pretty easy to make... they are a reflection of perceptions today for the future... watch them move around.
There are many analyists predicting higher IO prices... they may be right.. many of them predicted recovery of prices all the way down also so take their predictions with a grain of salt.
Btw... it is a tablet, not a phone, and auto correct does not fix touch screen problems... thanks anyway.
Had you looked you would have noticed that the futures market isn't predicting future prices around $70 but they are up. Here is the link again - http://www.barchart.com/futures/commodities/ITI
Take risks - if you win you will become wealthy, if you lose you will become wise
Had you looked you would have noticed that the futures market isn't predicting future prices around $70 but they are up. Here is the link again - http://www.barchart.com/futures/commodities/ITI
Actually as a general rule futures do not attempt to, and are not used to "predict" the price of a commodity at a future date. They are used to "lock in" today's price at a future date. So going long or short on a particular expiry is either a reflection of your desire to lock in today's price, or a speculative play where you think the price will move in some direction over that timeframe. Thus the longer dated futures generally reflect spot price plus cost of carry - with maybe a little bending of the curve based on the weight of speculation one way or the other - but price can't move too far away from the spot + carry fundamentals, or else liquidity (ie people to take the other side of your trade) will dry up.
Bullshit, you are squirming yet again... unlike yourself, I watched the hole being dug, you were the one digging it
Here is how we got to this point...
Poontang asked why you considered gold could not to rise to new highs as some shares did.
You posted
Gold has long bear cycles. It could surprise us, I just think it's more of a long shot.
I pointed out iron ore, like gold has had a long bear cycle...
You then claimed.
Iron ore hasn't been a spot market long enough to make that call.
I posted, the price of iron ore, as shown on a chart, clearly had a bear market..
You then claimed
How does a bear "market" happen in a commodity which isn't freely traded?
Why don't you stop squirming and explain just what you mean when you claim iron ore has not had a bear cycle.... all i see is denial from you.
Gold and iron ore have been traded throuh periods of both bull and bear markets... you are an idiot if you are not aware of this basic fact.
If the futures market was always right, money would be pretty easy to make... they are a reflection of perceptions today for the future... watch them move around.
There are many analyists predicting higher IO prices... they may be right.. many of them predicted recovery of prices all the way down also so take their predictions with a grain of salt.
Btw... it is a tablet, not a phone, and auto correct does not fix touch screen problems... thanks anyway.
No, wrong again. You aren't capable of comhrending other peoples posts are you.
IDIOT WE'VE DISCUSSED THIS BEFORE. THEY'RE RAMPING UP STEEL PRODUCTION BEFORE THEY CUT IT DOWN FOR THE TANGSHAN INTERNATIONA HORTICULTURAL EXPOSITION, running from 29 April to 16 October.
Tangshan steelmakers to cut emissions by at least 50% during horticultural exposition Singapore (Platts)--22 Mar 2016 551 am EDT/951 GMT
Steel mills in Tangshan will need to cut emissions by at least 50% when the major Chinese steelmaking hub plays host to key events held during the Tangshan International Horticultural Exposition, according to a government notice.
The strictest measures will take effect during six major events that total 33 days, including regional political and business summits, a trade fair and a film award ceremony, a notice dated March 15 by the Tangshan municipal government said.
Photos of the document were found on a number of Chinese news websites since Friday, but it could not be located on the government's website.
When reached by phone, the municipal government's general office directed queries to its environment protection bureau, which confirmed the document.
A source at a major Tangshan steelmaker contacted by Platts confirmed the document was disseminated to them during a meeting called by the local iron and steel association. Over the weekend, spot prices of square billet in Tangshan rose Yuan 20/mt ($3/mt) to Yuan 1,930/mt ex-works including 17% value added tax. It rose a further Yuan 10/mt in Monday trading.
Details of the anti-pollution measures have been keenly awaited by the market, with speculation over its impact having contributed to volatility in steel and iron ore prices over the past two weeks.
Some, however, have played down its impact, saying only smaller companies that are less well-equipped to deal with emissions would be affected.
The exposition takes place from April 29-October 16, and is seeking to draw attendance of over 10 million.
Measures will be implemented according to two groups that divide companies by their location, although iron and steelmaking companies in both classifications are to observe emission cuts by at least 50% during the six major events.
The identified 361 Zone One companies are located in the districts Lunan, Lubei, Kaiping, Guye, Fengrun and Fengnan, and the Hi-Tech Industrial Development Zone. Major mills shortlisted include Tangshan Iron & Steel and Tangshan Guofeng Iron & Steel.
Zone Two enterprises are those located in the remaining areas of Tangshan.
Those in the iron and steel, coking, cement, glass and other industries that emit volatile organic compounds are also to observe emission cuts by at least 50%, while companies in less heavily emitting industries are to reduce emissions by at least 30%.
During the six major events, Zone One companies are to implement measures one level higher than the city's existing pollution alert classification, while Zone Two companies are to adhere to measures appropriate to current pollution levels.
Hebei Jinxi Iron & Steel and Jiujiang Wire Rod are classified under Zone Two.
Monitoring and implementation of the measures will be undertaken by at least 14 government agencies, including the city's development and reform commission, environmental protection bureau and transport department.
Activities including building construction and demolition, mining, transportation and stockpiling of bulk materials will also be controlled, as will the movement of traffic.
--Keith Tan, keith.tan@platts.com, with analysis by Zhang Jing and Sharon Liao --Edited by Irene Tang, irene.tang@platts.com
Typing misguided racist comments in big bold letters does not prove a point nor make you appear intelligent.
Just saying.
My only hope for my three boys is that they turn out nothing at all like Chris.
Actually as a general rule futures do not attempt to, and are not used to "predict" the price of a commodity at a future date. They are used to "lock in" today's price at a future date. So going long or short on a particular expiry is either a reflection of your desire to lock in today's price, or a speculative play where you think the price will move in some direction over that timeframe. Thus the longer dated futures generally reflect spot price plus cost of carry - with maybe a little bending of the curve based on the weight of speculation one way or the other - but price can't move too far away from the spot + carry fundamentals, or else liquidity (ie people to take the other side of your trade) will dry up.
yes, I see my error... there is no way that what you posted could possibly be confused with predicting the future price...
"a speculative play where you think the price will move in some direction over that timeframe "
Australian Property Forum is an economics and finance forum dedicated to discussion of Australian and global real estate markets and macroeconomics, including house prices, housing affordability, and the likelihood of a property crash. Is there an Australian housing bubble? Will house prices crash, boom or stagnate? Is the Australian property market a pyramid scheme or Ponzi scheme? Can house prices really rise forever? These are the questions we address on Australian Property Forum, the premier real estate site for property bears, bulls, investors, and speculators. Members may also discuss matters related to finance, modern monetary theory (MMT), debt deflation, cryptocurrencies like Bitcoin Ethereum and Ripple, property investing, landlords, tenants, debt consolidation, reverse home equity loans, the housing shortage, negative gearing, capital gains tax, land tax and macro prudential regulation.
Forum Rules:
The main forum may be used to discuss property, politics, economics and finance, precious metals, crypto currency, debt management, generational divides, climate change, sustainability, alternative energy, environmental topics, human rights or social justice issues, and other topics on a case by case basis. Topics unsuitable for the main forum may be discussed in the lounge. You agree you won't use this forum to post material that is illegal, private, defamatory, pornographic, excessively abusive or profane, threatening, or invasive of another forum member's privacy. Don't post NSFW content. Racist or ethnic slurs and homophobic comments aren't tolerated. Accusing forum members of serious crimes is not permitted. Accusations, attacks, abuse or threats, litigious or otherwise, directed against the forum or forum administrators aren't tolerated and will result in immediate suspension of your account for a number of days depending on the severity of the attack. No spamming or advertising in the main forum. Spamming includes repeating the same message over and over again within a short period of time. Don't post ALL CAPS thread titles. The Advertising and Promotion Subforum may be used to promote your Australian property related business or service. Active members of the forum who contribute regularly to main forum discussions may also include a link to their product or service in their signature block. Members are limited to one actively posting account each. A secondary account may be used solely for the purpose of maintaining a blog as long as that account no longer posts in threads. Any member who believes another member has violated these rules may report the offending post using the report button.
Australian Property Forum complies with ASIC Regulatory Guide 162 regarding Internet Discussion Sites. Australian Property Forum is not a provider of financial advice. Australian Property Forum does not in any way endorse the views and opinions of its members, nor does it vouch for for the accuracy or authenticity of their posts. It is not permitted for any Australian Property Forum member to post in the role of a licensed financial advisor or to post as the representative of a financial advisor. It is not permitted for Australian Property Forum members to ask for or offer specific buy, sell or hold recommendations on particular stocks, as a response to a request of this nature may be considered the provision of financial advice.
Views expressed on this forum are not representative of the forum owners. The forum owners are not liable or responsible for comments posted. Information posted does not constitute financial or legal advice. The forum owners accept no liability for information posted, nor for consequences of actions taken on the basis of that information. By visiting or using this forum, members and guests agree to be bound by the Zetaboards Terms of Use.
This site may contain copyright material (i.e. attributed snippets from online news reports), the use of which has not always been specifically authorized by the copyright owner. Such content is posted to advance understanding of environmental, political, human rights, economic, democratic, scientific, and social justice issues. This constitutes 'fair use' of such copyright material as provided for in section 107 of US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed for research and educational purposes only. If you wish to use this material for purposes that go beyond 'fair use', you must obtain permission from the copyright owner. Such material is credited to the true owner or licensee. We will remove from the forum any such material upon the request of the owners of the copyright of said material, as we claim no credit for such material.
Privacy Policy: Australian Property Forum uses third party advertising companies to serve ads when you visit our site. These third party advertising companies may collect and use information about your visits to Australian Property Forum as well as other web sites in order to provide advertisements about goods and services of interest to you. If you would like more information about this practice and to know your choices about not having this information used by these companies, click here: Google Advertising Privacy FAQ
Australian Property Forum is hosted by Zetaboards. Please refer also to the Zetaboards Privacy Policy