{"id":12951,"date":"2016-03-10T00:20:53","date_gmt":"2016-03-10T05:20:53","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=12951"},"modified":"2016-03-10T00:20:53","modified_gmt":"2016-03-10T05:20:53","slug":"chinese-steel-producers-say-dont-count-on-a-lasting-iron-ore-rally-afr-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2016\/03\/10\/chinese-steel-producers-say-dont-count-on-a-lasting-iron-ore-rally-afr-com\/","title":{"rendered":"Chinese steel producers say don&#8217;t count on a lasting iron ore rally | afr.com"},"content":{"rendered":"<p><a href=\"http:\/\/www.afr.com\/business\/mining\/iron-ore\/chinese-steel-producers-say-dont-count-on-a-lasting-iron-ore-rally-20160308-gne6vd\"><img data-recalc-dims=\"1\" decoding=\"async\" class=\"alignnone size-full\" src=\"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2016\/03\/1457482880192.jpg?w=525&#038;ssl=1\" alt=\"\" \/><\/a><\/p>\n<p>From Jasmine Ng at AFR:<\/p>\n<blockquote><p>&#8220;Don&#8217;t let wild, short-term price swings distract us from our analysis of the market,&#8221; Li Xinchuang, deputy secretary- general of the China Iron &amp; Steel Association (CISA), said after iron ore surged on Monday by the most on record.&#8221;How can the rally possibly be sustained?&#8221; he asked.<\/p>\n<p>&#8230;..Steel demand in China, which contracted 5.4 per cent last year, will shrink an additional 3 per cent this year, he said. Port inventories of iron ore have expanded 13 per cent in the past year, according to Shanghai Steelhome Information Technology Co. The global seaborne glut is estimated at 45.8 million tonnes this year and 34.1 million tonnes in 2017, Morgan Stanley said in a report last month.<\/p><\/blockquote>\n<p>You would expect Li to be calling for an end to the rally. But he does have a point: supply is expanding while production is contracting. You don&#8217;t have to be a metallurgist to figure the outcome.<\/p>\n<p>Source: <a href=\"http:\/\/www.afr.com\/business\/mining\/iron-ore\/chinese-steel-producers-say-dont-count-on-a-lasting-iron-ore-rally-20160308-gne6vd\">Chinese steel producers say don&#8217;t count on a lasting iron ore rally | afr.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Jasmine Ng at AFR: &#8220;Don&#8217;t let wild, short-term price swings distract us from our analysis of the market,&#8221; Li Xinchuang, deputy secretary- general of the China Iron &amp; Steel Association (CISA), said after iron ore surged on Monday by the most on record.&#8221;How can the rally possibly be sustained?&#8221; he asked. &#8230;..Steel demand in &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2016\/03\/10\/chinese-steel-producers-say-dont-count-on-a-lasting-iron-ore-rally-afr-com\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Chinese steel producers say don&#8217;t count on a lasting iron ore rally | afr.com&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[57],"tags":[],"class_list":["post-12951","post","type-post","status-publish","format-standard","hentry","category-stock-markets"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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Crude steel output in July was 2% higher than the month prior, and 9% higher than July 2019, according to data\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":56741,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/08\/16\/harsh-winter-for-iron-ore\/","url_meta":{"origin":12951,"position":1},"title":"&#8220;Harsh winter&#8221; for iron ore","author":"Colin Twiggs","date":"August 16, 2024","format":false,"excerpt":"Iron ore has broken support at $100 per tonne, signaling a decline to $80. China\u2019s largest steelmaker warns of a \u201charsh winter\u201d ahead for the industry: BEIJING \u2013 Chinese steelmakers slashed output in July as woeful demand forced steep cuts on an industry contending with a collapse in margins. Steel\u2026","rel":"","context":"In &quot;Base Metals&quot;","block_context":{"text":"Base Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/base-metals\/"},"img":{"alt_text":"Iron Ore","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-15-fe.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-15-fe.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-08-15-fe.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":13209,"url":"https:\/\/thepatientinvestor.com\/index.php\/2016\/04\/27\/iron-ore-only-question-now-is-how-rapid-the-fall-mining-com\/","url_meta":{"origin":12951,"position":2},"title":"Iron ore: Only question now is how rapid the fall | MINING.com","author":"ColinTwiggs","date":"April 27, 2016","format":false,"excerpt":"From Frik Els: According to Platts Mineral Value Service, a Munich-based iron ore and steel research company, domestic iron ore's contribution to the Chinese steel market has declined from 36% of market share in 2010 to around 22% in 2015. Domestic iron ore output from an industry plagued by fragmentation,\u2026","rel":"","context":"In &quot;Australia &amp; NZ&quot;","block_context":{"text":"Australia &amp; NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28663,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/11\/03\/iron-and-coal-plunge-but-copper-holds\/","url_meta":{"origin":12951,"position":3},"title":"Iron and coal plunge but copper holds","author":"Colin Twiggs","date":"November 3, 2021","format":false,"excerpt":"BEIJING\/SINGAPORE, Oct 22 (Reuters) - China's new coal output rate, hiked this week in the teeth of an energy crunch, puts it on pace to produce more of the fuel this year than ever before if the increase is sustained, according to Reuters' calculations based on official Beijing data. That\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1561,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/10\/25\/iron-ore-crash-macrobusiness-com-au\/","url_meta":{"origin":12951,"position":4},"title":"Iron ore crash &#8211; macrobusiness.com.au","author":"ColinTwiggs","date":"October 25, 2011","format":false,"excerpt":"Spot iron ore prices have shed 19 percent so far this month in a sell-off largely fueled by slower construction steel demand in China, the world\u2019s biggest buyer of imported iron ore at around 400 million tonnes a year. In Europe, a more important market for Vale than Rio, steel\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":20784,"url":"https:\/\/thepatientinvestor.com\/index.php\/2020\/06\/18\/iron-ore-fails-to-lift-heavyweight-miners\/","url_meta":{"origin":12951,"position":5},"title":"Iron ore fails to lift heavyweight miners","author":"Colin Twiggs","date":"June 18, 2020","format":false,"excerpt":"Iron ore is sitting at $103.18 per metric ton after breaking resistance at 95.00. Expect retracement to test the new support level. Rising troughs on the Trend Index signal buying pressure and respect would signal another advance. Steel rebar futures (June '20) found support at 400 but only breakout above\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=12951"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/12951\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=12951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=12951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=12951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}