When the boat comes in???, page-1696

Its going crazy in China. The price of iron ore and ferro silicon have gone crazy. China seeks to reduce pollution in China over winter and the ferrosilicon plants have been ordered to shut down. The only Ferrosilicon producer on the ASX is OM Holdings OMH for those interested.

https://news.stcn.com/sd/202012/t20201207_2600444.html

Translated


what's going on? Crazy stone "mute fire", the black series is still crazy: the two varieties once had their daily limit, and the stocks suddenly rose by 50%! How does the market outlook go?

2020-12-07 12:32 Source: e company's official micro Author: Securities Times, Zhao Li Yun
The successive statements of the China Iron and Steel Association and the China Chamber of Commerce have caused the recent skyrocketing iron ore to instantly "mute". However, in the early trading on December 7, ferrosilicon and glass rose sharply, and the overall bull market for the black series remained unchanged.

Ferrosilicon, glass and iron ore soared
On December 4, the price of the main iron ore contract 2101, which hit a record high of 993 yuan/ton in the night trading, was "misfired" in the morning on the 7th, and it was reported to 955 yuan/ton as of the morning's close.
On the news, on the evening of December 6, the media paid attention to the Vice President of the China Iron and Steel Industry Association publicly stating that the recent price of imported iron ore has risen sharply beyond industry expectations, which further increases industry operational risks and is not conducive to the stability of the industrial chain and supply chain. . DCE also stated that it would implement the "zero tolerance" requirement, and has launched a "five-in-one" regulatory coordination mechanism for iron ore and other varieties to exert regulatory force, strictly investigate market transactions and crack down on illegal transactions.