Overnight: DOW down 210.22 DCE IO Oct Futures up Last:705 Yuan Chg:11 US$99.40
Something going on in China- steel inventories have fallen for 8 straight weeks and are at 7 month lows. Looks like the mills will have to pick up the pace soon.Total inventories of the five major finished steel products at traders' warehouses across China under Mysteel's tracking declined for an eighth straight week over August 30-September 5, thinning by another 3.9% on week, the latest data shows.Total inventories of the five major finished steel products at traders' warehouses across China under Mysteel's tracking declined for an eighth straight week over August 30-September 5, thinning by another 3.9% on week, the latest data show. Yet some sources expressed concerns about the market outlook as demand has yet to truly show a significant pick-up.The stocks of the five steel items held by traders in the 132 cities Mysteel monitors nationwide decreased by 714,800 tonnes on week to hit a seven-month low of 17.8 million tonnes as of September 5, according to Mysteel's weekly survey.WEEKLY: China's retail steel stocks fall again
Source: Mysteel Sep 05, 2024 19:00
Overnight: DOW down 210.22 DCE IO Oct Futures up Last:705 Yuan...
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Last
$18.97 |
Change
-0.300(1.56%) |
Mkt cap ! $58.40B | |||
| Open | High | Low | Value | Volume |
| $19.01 | $19.33 | $18.71 | $210.2M | 11.07M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1879 | $18.95 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.97 | 39173 | 3 |
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| Last trade - 16.10pm 09/10/2024 (20 minute delay) ? |
| FMG (ASX) Chart |