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SLEF Market Sentiment Indicator

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Total Votes : 1573

Latest topics
» PABC : This must pass 20 rs. level very soon
by soileconomy Today at 9:31 pm

» Today run LOFC 5+
by kjojo Today at 8:25 pm

» Penny TESS 7.4Mn trade volume!
by D.G.Dayaratne Today at 8:25 pm

» Planning to buy some shares - Suggession please
by sanjulanka Today at 7:33 pm

» CFVF run Will start soon
by kjojo Today at 7:16 pm

» Comparison TAFL,BFL & GRAN
by TARGET Today at 7:14 pm

» LLUB - At the Current Price
by kjojo Today at 5:49 pm

» Positive Trends.. Exports up..
by ranferdi Today at 5:03 pm

» LCEM 10/-.......
by kjojo Today at 2:46 pm

» KZOO ... KZOO ...Stock Buy Back underway ?
by Namal Today at 1:32 pm

» VALLIBEL FINANCE PLC
by Investor1994 Today at 11:17 am

» Save the stock market- and may be they (cse) will bring down the cse & sec levy.
by sheildskye Today at 9:14 am

» LANKA CEMENT....STILL GOOD
by Wimal Modawansa Today at 9:09 am

» BALA WILL BE A STAR
by Wimal Modawansa Today at 9:05 am

» The New Pope: Bergoglio of Argentina
by leasingmandate Yesterday at 5:41 pm

» HEXP Starts Next Run to Rs.300
by kjojo Yesterday at 2:54 pm

» කිංස්බරි හෝටලයේ විදුලි සෝපානය මනාලයා සමග හිරවේ.. මංගල උත්සවය ජංජාලයක් වෙයි.. මනාලයා වන්දි ඉල්ලා නඩු යයි.
by trasantha Yesterday at 8:03 am

» UDPL Next Run soon
by kovida Tue Oct 17, 2017 10:58 pm

» Financial Instrument- Lease BG/SBLC
by leasingmandate Tue Oct 17, 2017 2:39 pm

» HVA.............? wtz gonna happen with HVA?
by anjelo Tue Oct 17, 2017 1:53 pm

» watch CSF
by kjojo Tue Oct 17, 2017 12:21 pm

» RENUKA CAPITAL PLC (KZOO.N0000)
by The Hunter Tue Oct 17, 2017 10:08 am

» ගංගා මෑණියන්ගේ බැල්ම ලගදිම කොටස් වෙලදපොල දෙසට
by ranferdi Tue Oct 17, 2017 7:57 am

» + Point for Market : IMF reaches staff level agreement on third review of Sri Lanka’s EFF
by Ran49 Tue Oct 17, 2017 7:16 am

» Hotels face tough time --- Drop in tourist arrivals predicted/so many new hotels are opening
by kcrRanz Tue Oct 17, 2017 4:55 am

» Asian shares conquer 10-year peak
by kcrRanz Tue Oct 17, 2017 4:51 am

» Ideas about SCAP.N000 ?
by kcrRanz Tue Oct 17, 2017 4:40 am

» Why CSEC going up....???
by kcrRanz Tue Oct 17, 2017 4:30 am

» why bfl...gran...tafl...not moving
by kcrRanz Tue Oct 17, 2017 3:17 am

» Time to Talk About How Budget 2018 will Help for Us!
by Dailytrader Mon Oct 16, 2017 7:02 pm

» MBSL - MERCHANT BANK OF SRI LANKA
by Roshan Fernando Mon Oct 16, 2017 2:11 pm

» LOFC 7+ next week
by kjojo Mon Oct 16, 2017 12:41 pm

» SAMP - ABSORBING REAL VALUE
by niru Mon Oct 16, 2017 11:43 am

» RENUKA CAPITAL PLC (KZOO.N0000)
by Namal Mon Oct 16, 2017 10:54 am

» From today - Watch Watch
by Richman Mon Oct 16, 2017 8:44 am

» IS CTBL.N ready to run ?
by Richman Mon Oct 16, 2017 8:43 am

» Sri Lanka tea prices seen remaining high on global shortfall
by Wimal Modawansa Mon Oct 16, 2017 8:10 am

» Recommended buys in planation
by Wimal Modawansa Mon Oct 16, 2017 8:08 am

» BFN .. ORIENT FINANCE PLC
by worthiness Sun Oct 15, 2017 1:38 pm

» Plantation Sector Summary
by Wimal Modawansa Sun Oct 15, 2017 7:28 am

» BUY CFT with expect to cross share 10+
by sameboy Sat Oct 14, 2017 12:53 pm

» HATTON PLANTATIONS LTD
by gdid Fri Oct 13, 2017 5:32 pm

» WATA N00000
by gdid Fri Oct 13, 2017 5:29 pm

» MAL N and X
by Captain Fri Oct 13, 2017 12:05 pm

» Watch DFCC and NDB and guess which one is best
by Captain Fri Oct 13, 2017 11:54 am

» WHY WE SHOULD BUY CFVF...
by kjojo Fri Oct 13, 2017 11:42 am

» 4 new all-time record prices in Lanka Commodity Brokers Catalogue of 11 Oct. auction
by anjelo Fri Oct 13, 2017 8:58 am

» LIOC run Just started
by Ran49 Fri Oct 13, 2017 7:28 am

» LIOC is going to increase oil price
by SIRRA123 Thu Oct 12, 2017 9:06 pm

» See what these UNP criminals has done to our EPF and ETF, We have to burn these fellas
by Ryan Hudson Thu Oct 12, 2017 7:57 pm

» COCR COCR
by newone Thu Oct 12, 2017 5:41 pm

» Heavy rainng......But still VPEL & HPFL at very low price
by newone Thu Oct 12, 2017 5:35 pm

» TKYO - Capital Trust Recommends BUY
by Maxime Thu Oct 12, 2017 3:17 pm

» CEYLON TEA BROKERS PLC (CTBL.N0000)
by Namal Thu Oct 12, 2017 2:26 pm

» DOCK FUTURE hit 120 share
by kjojo Thu Oct 12, 2017 1:58 pm

» keey eye on DOCK
by kjojo Thu Oct 12, 2017 12:37 pm

» look MULL. Today Run
by TuTanKaman Thu Oct 12, 2017 12:25 pm

» MEL.N0000-ANY NEWS
by DHAVER88 Thu Oct 12, 2017 12:15 pm

» Aitken Spence - Prospects
by MasterD Thu Oct 12, 2017 10:41 am

» NDB Bank PLC
by MasterD Thu Oct 12, 2017 10:38 am

» UBC - Union bank a hidden GEM
by MarketWch Thu Oct 12, 2017 10:36 am

» Correct time to buy DFCC
by Harry82 Thu Oct 12, 2017 9:28 am

» NTB A RISING STAR
by samaritan Thu Oct 12, 2017 9:20 am

» Watch the followings
by Harry82 Thu Oct 12, 2017 9:03 am

» WHERE IS TELLER........market down.......ASI 5700...
by kjojo Thu Oct 12, 2017 9:01 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:17 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:16 am

» Bank Guarantee/StandBy Letter of Credit(MT760),Project Funding,MT103,Loan.
by kimsungnyon010 Thu Oct 12, 2017 8:13 am

» AGST can move
by Richman Thu Oct 12, 2017 7:28 am

» ACAP latest penny
by Richman Thu Oct 12, 2017 7:06 am

» Can the oil price remain as it is?
by predictor Thu Oct 12, 2017 6:52 am

» Market is falling continuously
by Yahapalanaya Thu Oct 12, 2017 5:27 am

» COLOMBO SHIT EXCHANGE UNDER YAHAPALANAYA
by Yahapalanaya Thu Oct 12, 2017 5:20 am

» LDEV Price
by sanjulanka Wed Oct 11, 2017 6:10 pm

» Stock Market Entertainment
by SL.Market Wed Oct 11, 2017 6:05 pm

» DOCK FUTURE
by kjojo Wed Oct 11, 2017 1:02 pm

» LLMP N0000
by kjojo Wed Oct 11, 2017 12:54 pm

» AINV.N is ready to run ?
by kjojo Wed Oct 11, 2017 10:46 am

» look LOFC- Ready to run
by max shanu Wed Oct 11, 2017 10:03 am

» LOLC towards ...150
by Harry82 Wed Oct 11, 2017 9:37 am

» Is it ok vone
by prasa2004 Wed Oct 11, 2017 8:53 am

» WILL SEYLAN WAKE UP TODAY TO JOIN BANKING RUN??
by prasa2004 Wed Oct 11, 2017 8:51 am

» How about LDEV
by sanjulanka Tue Oct 10, 2017 11:29 pm

» FC recommends a STRONG BUY on SAMP.N
by Harry82 Tue Oct 10, 2017 4:08 pm

» Watch LDEV..
by Beta1 Tue Oct 10, 2017 2:09 pm

» How About CHOU
by max shanu Tue Oct 10, 2017 11:30 am

» ACME and LCEM
by Tissa Tue Oct 10, 2017 10:31 am

» UDPL Lead the Plantation
by Ran49 Tue Oct 10, 2017 7:43 am

» Financial Instrument- Lease BG/SBLC
by leasingmandate Tue Oct 10, 2017 4:32 am

» ready to ACME blast
by gayanath1983 Mon Oct 09, 2017 3:06 pm

» ACME 9+ Coming soon
by rasikagamage Mon Oct 09, 2017 2:31 pm

» World bank confirms bribery involving Maithri –Australian Co. that gave it blacklisted
by samaritan Mon Oct 09, 2017 2:14 pm

» HEXP Start next run to 150
by Miss-Sangeetha Mon Oct 09, 2017 11:56 am

» Top Ten Tomorrow (TTT)
by Wimal Modawansa Mon Oct 09, 2017 10:28 am

» Although there is a huge buying pressure, why not AINV.N move ?
by Eugine Fernando Mon Oct 09, 2017 10:25 am

» Next ALUF Target Price 40
by kcrRanz Mon Oct 09, 2017 10:23 am

» Russiyawata Wada Loki irrisiyawa
by sanjulanka Mon Oct 09, 2017 9:30 am

» This weaek runners...
by Wimal Modawansa Mon Oct 09, 2017 8:24 am

» CFT share එක මොනව හරි දෙයක් වෙනව වාගෙ.
by sameboy Mon Oct 09, 2017 7:11 am

China commodities selloff spreads, as steel suffers worst week since 2009

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China commodities selloff spreads, as steel suffers worst week since 2009

Post by VALUEPICK on Sat May 14, 2016 2:08 pm

* Malaysian palm oil drops, Chicago grains pressured
* Agriculture futures also down sharply ahead of more curbs
* Steel, iron ore in China down more than 27 pct from April peaks

http://www.cnbc.com/2016/05/13/reuters-america-update-1-china-commodities-selloff-spreads-as-steel-suffers-worst-week-since-2009.html

HANGHAI/MANILA, May 13 (Reuters) - 

Chinese steel futures posted their biggest weekly fall since 2009 on Friday, as a selloff in the country's commodities showed signs of spreading to other global markets for raw materials such as palm oil and base metals.

Weakening fundamentals along with strong measures by Chinese exchanges to stamp out speculative activity have helped reverse momentum in China's massive commodity futures markets from bullish to bearish in less than a month.
The deepening losses have started to weigh on global markets elsewhere, in a similar manner to the boom and bust cycle in the country's stock markets last year.

Malaysian palm oil futures, the global benchmark for the commodity, fell more than 2 percent on Friday, with traders blaming a 4 percent fall in China's vegetable oil futures.

Iron ore futures in China have fallen more than 27 percent from their April peak, pulling the global spot benchmark <.IO62-CNI=SI> down 21 percent from last month's high.

The crackdown on speculators in China's steel markets has doused a recovery in base metals prices on the London Metal Exchange and the sustained fall in Chinese commodities has similarly pressured grain futures on Chicago Board of Trade, analysts say.

Rising levels of open interest, or open contracts, in China's steel and iron ore futures, as prices fall deeper suggest investors are looking at more downside risk.

"The sentiment is very bearish now, and investors are looking for opportunities to take more short positions," said Wu Wei, an analyst at Yong'an Futures in China's Hangzhou city.

The softer outlook for the Chinese economy, rising steel production and waning seasonal demand have fueled the sharp losses in steel-linked futures, said Wu.

"PAST THE PEAK"

The most-traded rebar on the Shanghai Futures Exchange closed down 4.6 percent at 2,030 yuan ($311) a tonne after falling by the 6 percent maximum allowed by the exchange.

Rebar, or reinforcing steel used in construction, surged 80 percent from last December to April, but has since dropped 27 percent. It has lost more than 12 percent this week, the most since the contract was launched in 2009.


The price rally pushed some shuttered steel mills in the world's top producer to resume production, but the ensuing price rout could make them unprofitable again.

Iron ore on the Dalian Commodity Exchange fell 5.2 percent to close at 363 yuan a tonne after also dropping by its 6 percent downside limit.

"We are now kind of at or past the peak in seasonal demand so prices are coming down. And maybe since we overshot on the upside so we can undershoot on the downside," said Ian Roper, commodity strategist at Macquarie.

Other steelmaking raw materials hit hard on Friday included coke and coking coal on the Dalian exchange, which fell 5.3 percent and 3.6 percent respectively.
Agriculture futures also slumped with soybean oil and palm olein on Dalian down 4 percent and Shanghai rubber falling 5 percent. Egg and soybean dropped almost 3 percent.

Investors appear to have pulled out more funds from Chinese markets as exchanges keep up the pressure to control speculative investment and crack down on high-frequency trading.

The Dalian exchange on Thursday said it will stop the 50 percent transaction fee discount on intraday trading of soybean meal, corn starch, palm oil, and soybean oil futures from May 16.
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