Gold has big year in 2020 and outlook for this year robust. Learn about monetary expansion and gold future prices.Read More
The gold futures price reached US$1,767/ounce this week before retreating, which was the second time it has surpassed US$1,760 in the past two months, marking some of gold's highest levels in several years.Read More
Huntsman Set to Expand Nickel Sulphide Discovery at CanegrassSPONSOREDhuntsman explorationAntapaccay had said on Thursday it had suspended operations after the main access to its facilities had been blocked since Monday, March 8.In a translated statement on its Facebook page, Compania Minera Antapaccay said the protest had been initiated by some residents of 11 communities in the Espinar province...Read More
Markets are starting the week mixed with base metals prices and equities in different regions showing divergent performances this morning, Monday March 15.* United States 10-year treasuries yields strong at 1.64%, showing risk-on* China’s industrial production and retail sales climb more than expected...* ...but unemployment also risesBase metalsThree-month base metals prices on the London Me...Read More
Italian domestic steel scrap prices increased in the month to Monday March 15, following the rise in prices seen globally since mid-February, sources told Fastmarkets.Fastmarkets' monthly price assessment for steel scrap, No E3 (old thick scrap), domestic, delivered mill, Italy was ?,?335-345 ($400-412) per tonne on March 15, up by ?,?20-25 per tonne month on month from ?,?310-325 per tonne.The as...Read More
Turkish deep-sea scrap import markets were quiet on Monday March 15 with mills holding back from making bookings following the latest correction in prices, sources said.At the end of the last week, two Baltic Sea cargoes were booked at $435-437 per tonne cfr on an HMS 1&2 (80:20) basis, sending the daily scrap indices down by $15.61 per tonne day on day on Friday.This led the steel mills to retrea...Read More
Domestic ferrous scrap prices in Germany increased significantly in the month to Monday March 15, supported by the trend in international trading, sources told Fastmarkets.Fastmarkets' monthly price assessment for steel scrap No E3 (old thick steel scrap), domestic, delivered mill, Germany, was ?,?360-370 ($430-442) per tonne on March 15, up by ?,?20-30 per tonne from ?,?330-350 per tonne in mid-F...Read More
Turkish domestic scrap market prices have gone down over the past week in line with the downturn in imported scrap values, sources said on Monday March 15.Turkish deep-sea scrap import prices fell sharply at the end of last week due to panic sales, especially in the Baltic Sea region, sources said.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey was $439.99 per...Read More
Eli Lilly (LLY), an S&P 100 stock moved below $194.83 completing a double top pattern.MMM (MMM), an S&P 100 stock moved above $185.74 extending an intermediate uptrend.Rogers Communications (RCI) moved above US$48.93 and US$49.19 extending an intermediate uptrend. The stock is responding to news that RCI has offered to acquire Shaw Communications at Cdn$40.50 per share, a record high for a...Read More
After a consultation period, Fastmarkets has amended the frequency of its two low-volatility pulverized coal injection (PCI) indices to weekly from daily pricing starting from March 15, 2021. This decision was made due to the illiquid nature of the spot market, which has been further affected by China's ongoing ban on Australian coal imports. All historical data relating to these prices prior...Read More
The price range for rebar imports into Singapore widened during the week to Monday March 15 on steady demand from buyers and lower-priced cargoes from India, sources told Fastmarkets.There was one transaction heard concluded at $685 per tonne cfr Singapore on a theoretical weight basis for a 50,000-tonne cargo from Turkey, and another transaction heard concluded at $675 per tonne cfr Singapore on...Read More
The seaborne premium hard coking coal price in the fob market remained weak on Monday March 18 because there is sufficient supply of Australia coking coal supply to ex-China markets, market sources told Fastmarkets.Fastmarkets indicesPremium hard coking coal, fob DBCT: $114.52 per tonne, down $3.05 per tonnePremium hard coking coal, cfr Jingtang: $212.86 per tonne, up $0.43 per tonneHard coking co...Read More
When considering the prospects for the new Shanghai International Energy Exchange (INE) copper contract, a senior executive at one of the world's largest metals trading companies quoted Hamlet's soliloquy in the Shakespearian play of the same name."In terms of promotion of the internationalization of the renminbi and weakening of the pricing power of the [London Metal Exchange] and CME: 'To be or...Read More
Seaborne iron ore prices were lower across the board on Monday March 15 due to weak trading sentiment after a heavy sandstorm in Beijing added to concerns about the impact of emissions restrictions in Tangshan on iron ore demand. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $163.33 per tonne, down $2.11 per tonne 62% Fe low-alumina fines, cfr Qingdao: $163.61 per tonne, down $1.92 per t...Read More
China's domestic rebar prices dropped on Monday March 15 on destocking pressure despite a strengthening of the futures market.DomesticEastern China (Shanghai): 4,680-4,700 yuan ($720-723) per tonne, down by 20-30 yuan per tonne Tangshan has rolled back its emergency measures to combat heavy pollution.Blast furnaces in the city were producing at an average rate of 79% during the day, up by 3 percen...Read More
Most investors have heard of the GameStop frenzy. GameStop is a brick-and-mortar retail outlet for video games, equipment and accessories.It has long been considered a dying company by Wall Street because it does not have a strong online presence. It seemed to be headed in the same direction as Blockbuster after Netflix arrived with a streaming model for movie rentals to replace Blockbuster’...Read More
Aluminium's London Metal Exchange three-month price rose above $2,200 per tonne in early morning trading on Monday March 15, while the rest of the complex were consolidating from "early March weakness." Aluminium's price was up by 0.9% at $2,191 per tonne at 9am on Monday, having reached as high as $2,204 per tonne during early trading. LME aluminium warehouse data showed 44,725 tonnes of material...Read More
Markets are starting the week mixed with base metals prices and equities in different regions showing divergent performances this morning, Monday March 15. United States 10-year treasuries yields strong at 1.64%, showing risk-onChina's industrial production and retail sales climb more than expected......but unemployment also risesBase metals Three-month base metals prices on the London Metal Excha...Read More
Intense scrutiny of production curbs in China's Tangshan region - its steelmaking hub - kept prices for seaborne iron ore pellets supported in the week ended Friday March 12, though those for concentrate weakened amid falling futures.Fastmarkets iron ore indices65% Fe blast furnace pellet, cfr Qingdao: $227.43 per tonne, up $2.19 per tonne.66% Fe concentrate, cfr Qingdao: $194.84 per tonne, down $...Read More
Key data from the pricing sessions in the United States, Europe and Asia for the week ended Friday March 12. United States Short supply supported the price rally that has now entered its eighth week. Spot demand remains good despite a slowdown in automaking related to a shortage of computer...Read More
The Cobalt alloy grade, in-whs Rotterdam, $/lbtrade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
The Cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed Cobalt standard grade,...Read More