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Post by herosrest on Oct 9, 2023 18:06:32 GMT
Despite significant social, political and military headlines, here is the big deal of 2023. Chinese Steel more Chinese Steel It doesn't make sense in spite of informed opinions and market insights. China buys 7 in every 10 metric tons of iron ore shipped globally, and during January-August, China's net exports of semi-finished and finished steel totaled 651.88 million mt, up 19.84 million mt from the same period of 2022. Something round and inscrutably hairy is taking place, cos 20-25% of China's everything - the property market is vanishing up its own Wazola. Where is all that semi-finished steel, going? |
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Post by herosrest on Oct 9, 2023 18:37:52 GMT
China's shipbuilding industry sees large growthChina's shipbuilding industry saw new vessel orders surge 49.5 percent year-on-year in the first five months of 2023, official data showed. New orders, a major indicator of the shipbuilding industry, stood at 26.45 million deadweight tons (DWT) during the five-month period, with a global market share of 67.3 percent, according to statistics released by Beijing-based China Association of the National Shipbuilding Industry. The country's shipbuilding output grew by 15.4 percent on a yearly basis to 16.47 million DWT between January and May, accounting for 48.1 percent of the world's total. By the end of May, the sector's holding orders totaled 117.99 million DWT, up 15.5 percent year-on-year, claiming 51.6 percent of the world's market share. Vehicle production stable YoY. Mile of 24" diameter pipe should be about 250 tons-225 mt = link
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Post by herosrest on Oct 11, 2023 11:35:18 GMT
Take as long you like.
Among banks offering extended mortgage repayment terms, a Beijing branch of Bank of Communications says borrowers up to the age of 70 can take out a 25-year mortgage, as long as it is guaranteed by their children and supported by an inflated minimum monthly income,
Banks in Beijing, Hangzhou and other big cities have started offering “relay loans” to elderly customers, which pass on to their children in the event that they cannot repay.
Regulators have previously encouraged or enforced lower age limits on borrowing, measured by the formulation of age plus loan period, and usually capped at about 70 years.
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Post by herosrest on Oct 11, 2023 16:28:07 GMT
It must be Crimbo..... www.zerohedge.com/economics/janet-yellen-suggests-much-lower-much-longerSome very useful data, which given it is correct, offers fantastic insight. This is not the Lebowitz who passed away this year but an investment trader and adviser. Heads or tails. He explains some stuff so well that it is a joy to read. As to his crystal ball gazing and conclusions, flip 20 million coins but the data is very well put with clarity. After 10 years of low interest rates there is no going back to historical norms. The historical model is very much more than broken. It is Iron Age. |
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