Just got back from a long lunch, do I need to give you guys the spot prices?? Look at SP, ~30c profit if you buy or covered this morning, or if you listen to Baukaw, who said $5 yesterday, ouch. I like Baukaw, every time he appears, it's a sign to buy more.
Jokes aside, here are the Tangshan Steel Price so far (in yuan):
Billet 2970 up 100 (yes, you heard it here first, before Metal Bulletin HEADLINE)
Strip 3050 up 70
Wire 3130 up 50
Rebar 3300 up 20
Profile 3250 up 100
Hot Roll 3080 -
Mid Thick Sheet 3080 -
Tube 3300 up 100
Chinese IO 635 -
Seaborne IO 505 -
The Billet price came out after future morning session closes, so I expect a 3120 open for the SR future when it resume at 3:30pm our time.
DYOR.
Frank.l
Iron ore price, page-1096
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