Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Are you being sarcastic? I would understand such given the HK 975 direction(which is absurd!). I have been reviewing seaborne terminals out of Australia. The Gladstone gig is being pushed as a big China increase in May(via headlines), but they are down a rough 5 million tons on the year. I still can not get clean data though. It is so frustrating to say the least. Especially on Russian seaborne data.
With that said..show me the numbers!...eh?
Coal imports for China totaled 120.73 million tons from Jan-May. Seaborne imports totaled 104.5 million tons for same period. Mongolia exported 10.33 million tons from Jan-April.
That's a rough 6.0 million tons left over.
Notice the change coming with seaborne coal. It apparently dropped a rough 1.5/2 million tons in May(YoY). China imports grew less than 1% in May YoY(600 thousand tons more in May...YoY), being flat, it appears that Mongolia benefited.
When there is no liquidity........plenty..:)
Need to be over 20 million at the least......almost half way there. Would love to see it hit over 35 million to be clean. Still pathetic dollar volume as such ......but what can you do...eh?
Capitulation at hand!....would love to see more volume though.
....and when I speak of North Korea being an anomaly.........that's a great thing. Export that Anthracite as much as you can!..........because you will need sooooo' much steel if things go well with this current discussion between Nations. If such, you better expect a "major" steel boom played on said nation.
China just had a output record in steel..........so????? Why are individuals not getting it?
Markets are always irrational. They are irrational to the upside....as well as.....the downside. I have rarely seen anything correctly priced. That's for another discussion though. To your "short run" point..... the answer to such irrationality is to be in front of it :)
We are at the foot steps of a major anomaly. What lies between such is Inner Mongolia.
Data starting to trickle in:
*May coal imports to China are flat(as expected)...up a rough one point YoY
*Iron ore is up a rough 14 points MoM
*Steel production/output in China hit a record 1.96 million tonnes in the first 20 days of May
That is actually very good news...but yet once again...no one seeing it in HK.
?...Wrong family.....and whoever is suggesting that such is his direct family is just wrong. He co-owned a bar or two in his earlier days and moved up from there. Everything I have read about him is fairly positive.....but to suggest he has heavy family bank is completely false.........wrong family.....wrong pitch.
?Think I'm kiddn'.:
"Mr McGowan, who has been welcomed for high-level talks in Beijing for the past three days, told The Weekend Australian from Beijing that he was concerned by the language of some federal ministers and “appalled” by then deputy prime minister Barnaby Joyce’s suggestion in January that China posed a greater threat to Australia than Islamic State."
https://www.theaustralian.com.au/national-affairs/foreign-affairs/mcgowan-warns-turnbull-over-chinese-relations/news-story/b161b52c69342c88ae598a887fb7d607
Nothing major/extreme will come from it....but compound that with the Aussie' rail..and "rain"....!!. Bring it.
Coking coal prices on the rise........look towards Australia. As I mentioned previously...it's now having an impact.
In queue:
“Over the years, China, Australia and Indonesia will slowly lose the global market share of coking coal production to Russia, India and Mongolia,” BMI adds.
http://www.miningweekly.com/article/china-remains-dominant-coal-consumer-producer-2018-06-01
On the same note........there is no consortium currently. The pitch at play is the 30% IPO. And ...yes...the same gig was killed over five years ago. This one will go in my opinion. Then again...
Sustainable? You know that we are talking about commodities...eh? More precisely......coal. But let me get to the point. The current Australian and Chinese climate is very hostile(in some ways..more so than the current U.S./China situation)..and currently compounded by this:
https://www.smh.com.au/business/companies/coal-exports-dispute-could-inflict-a-2-billion-hit-on-queensland-s-state-budget-20180529-p4zi5g.html
extracted:"In response Aurizon, which has a monopoly on the state's coal rail network, has now said it would have to change its maintenance practices, leading to a reduction of up to 20 million tonnes in Queensland coal exports a year - or about 10 per cent of total exports."
North Korea will soon start exporting to china(once again). If Erdenes Tavan actually floats that 30% and builds what it plans to build.... then they have that seaborne coal trade by the balls(if they so choose to).
I am going to stop right there for now(and so much to say)......but remember when I say this....clean coal is good coal....and washed coal is even better. Will be back a little later.
Can you confirm where that data source came from? Please.
! Combine that with this post on May 18th:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140889607
If said image data is accurate(???)..then watch what happens within three weeks(or when May numbers are released).
And no one is paying attention in Hong Kong currently....eh?...they will be!
! This is very important:
4.54 mnt tons imported in April
-down 46.34% YOY
-down 35.22% Jan-Apr YOY
16.5 mnt total imported Jan-Apr 2018
For review:
"Since the weekend of April 15, thermal and coking coal imports at ports in Eastern China, such as Fangcheng and Zhoushan, are now restricted, while in the Southern Coast, port authorities in the Fujian Province (where the port of Xiamen is located) are telling steel mills that, in their case, this would extend to a full-scale unloading ban."
ref: https://www.magnuscmd.com/chinas-coal-restrictions-why-now/
..and....:
"Ulaanbaatar /MONTSAME/ Erdenes Mongol LLC reports that Chinese side has added entrance lanes starting from April 16, enabling coal trucks to cross the Gants mod border checkpoint through three gates."
Now go look at Mongolia's "total" coal exports Jan-April of this year. More specifically...look at Aprils coking coal export. Do you see it?.........:)
I understood it completely. The only reason you are off 25 points on the downside is due to the complete nil liquidity. Maybe the "mob" was on over weighted with regards to the consortium playing out.
The good news is that it looks as though Tavan will float 30% and attempt to play accordingly.
Just wrong man.......not cool!
Well, were you incorrect in saying ...."I got into this stock because of the asymmetric return profile."? That answer is a solid "no". If individuals fail to look at true numbers....what can you do?
The numbers are very good considering China's imports. I don't get the lack of interest....but......that's how it goes..
Wow!...USD7000 so far tonight. Amazing Dollar volume..eh? That's a joke....of course.
The Company updated their website........maybe they could put out some news.....just for the hell of it'........eh?
?...no....it went up 15 points in two days....dropped 3.5 points yesterday....and is up 1.75 points today. The past two days have been less volume(ha! today about nil ). With regards to shorting..it would cost way too much to short this ... as such....it doesn't happen.
You were a little early there..eh? I get it though.
Happy birthday Siddhartha Gautama!
Starting to push twenty points!!! Currently a rough 17 points marked.
No news ... just buying on the low.
Yippy' ti' yi' yo'............!!!!
A "stop sign" is just an OTC market designation. It has nothing to do with SEC regulations. This Company filed a Form 15 in order to "not" be bound by filing requirements. They are still bound by non disclosure requirements and SEC rules et al. Yes...a Company can still put forth news....but must be diligent as such.
It's still a public Company, therefor it must be bound by said rules.
......!and were back..... :)
Were you able to find out if that import information(vague) was correct?
A rough 3 full weeks of nil to little volume on this. Volatility begets volatility....yin yang.....alpha omega.....blah, blah,blah.
This should change soon...thinking it's "way" to the upside...........but, then again.... maybe to the down...:) I'm in no matter what though.
Those import numbers via Steelorbis can't be correct........no way. Should find out the truth with regards to coking coal soon.
Now I am really kicking myself for not paying attention. This is simple math:
...and...:
"However, the robust outcome in March went only some way to reversing the weaker trend so far this year. Imports for the first quarter as a whole totalled 12.05 million tonnes, a drop of 28 percent on the same period last year. "
ref: https://www.reuters.com/article/column-russell-coal-coking/column-chinas-coking-coal-imports-are-starting-to-rebound-russell-idUSL3N1S32KK
As such, MMC outperformed(up for debate) the short term. If Chinese imports were down 28% from previous....and MMC's "sales" were down 19% from previous..............then the Company was on par or better given the market. How the hell didn't I see that earlier?????
You know.......just going by imports and MMC numbers for first quarter...it would be a rough 650...which would be double the first quarter. Can't be.....just no way. Then again... :)
I don't know. They opened up that other gate mid April....and I am also reading that May will be a another major import dam buster:
https://usa.amegroup.com/Website/CommodityFocusDetail.aspx?faCommId=7
We need to verify that data/information. With regards to MMC...I haven't ran numbers in many Months(I forget the percentage I used). I was always a bit tempered.....so I would have to go back and review past notes.
From SteelOrbis...dated may 4th.....https://www.steelorbis.com/steel-news/latest-news/chinas-coking-coal-imports-up-525-percent-in-january_april-986901.htm
!It appears that April's coking coal imports to China "may have" surged dramatically. Hint:
Imports of coking coal, used to make steel, jumped to 4.02 million tonnes in March, up 38 percent from the 2.91 million tonnes recorded in February, according to customs data released on April 24.
However, the robust outcome in March went only some way to reversing the weaker trend so far this year. Imports for the first quarter as a whole totalled 12.05 million tonnes, a drop of 28 percent on the same period last year.
https://www.reuters.com/article/column-russell-coal-coking/column-chinas-coking-coal-imports-are-starting-to-rebound-russell-idUSL3N1S32KK
Did they import 13 million tons in April? Because I read that it has imported a rough 25 million tons from January til April. That would be more than 5 million more than previous April. That can't be...eh?
Well....I already bought it Months ago and sold it. That would make sense...eh?
??..what? That's complete nonsense....but I get it...you are being light hearten and giddy. You're trippn' .. as such....here ya' go: