Mark Pervan
Mark Pervan
against backs chinese clearly contract government hand helping prices rising steel wall
This is clearly just posturing, and a helping hand by the Chinese Government to the Chinese Steel Mills, who clearly have their backs against the wall to try and keep contract prices from rising in 2006.
fact good likely lower moving price share
It was a good outcome. The share price is probably likely to keep moving upward, so the fact that they were able to get more away at a lower price is probably a good thing.
market money strong wants
It's had such a strong run. There's a lot of short-term money in the market that probably wants to take a profit, like hedge funds.
high huge material raw realizing users
There's huge demand. These users are realizing that with such high raw material prices, it makes sense to own some of these assets.
coal good lower price quality
This is still a pretty good outcome. The price settlement for lower quality coking coal was better than expected.
coal good iron lend lower outcome price quality support
This is still a pretty good outcome and would lend support to iron ore pricing. The price settlement for lower quality coking coal was better than expected.
company full last operated tilt
This company pretty much operated at full tilt in the last quarter.
drop larger report selling sentiment
We won't see much selling before the report comes out, as the sentiment is that there could be a larger drop than expected.
coming funds level metals second
There's a heightened level of funds coming into the metals in the second quarter.
conditions current deliver good held hostage market operating results tough
They've been held hostage to pretty tough operating conditions. You want to be able to deliver good results into current market conditions but they haven't been able to do that.
bit gasoline profit since supply surprised taking
But since U.S. gasoline supply is actually ample, I'm not surprised there's been a bit of profit taking today.
bit caution prices profit taking
There is probably a little bit of caution - we could see some profit taking - these prices look pretty heady.
ahead bit crude healthy looking morning oil since situation stocks
We're looking at a bit of profit-taking this morning ahead of the U.S. crude oil stocks report. The market's probably got a little ahead of itself, since the U.S. crude situation is very healthy at the moment.
report solid
Other than that, it was a solid report with no real surprises.