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

The Jakarta Futures Exchange (JFX) has launched a physical tin contract in an effort to gain precedence as a global price reference in Indonesia, which - combined with the backing of the country's trade ministry and largest state-owned tin producer - could mark a significant change in tin business out of the region. JFX launched its physical tin contract officially on August 21, exporting 1,410 to...Read More

Nickel fell on the London Metal Exchange during morning trading on Tuesday September 17 to below nearby support levels while the other base metals drifted lower in low-liquidity conditions.The three-month nickel price recently traded at $16,970 per tonne, a drop of around 1.8% from Monday's closing price of $17,370 per tonne and the steepest fall across the complex this morning.Volumes were modera...Read More

Hot-rolled coil (HRC) import prices into the United Arab Emirates and Saudi Arabia fell this week, on continuing limited demand, sources told Fastmarkets on Tuesday September 17. Buyers do not want to book big tonnages before prices hit bottom, they said. UAE Offer prices for hot-rolled coil (HRC) from China came in at $495 per tonne cfr this week, with offers for for India-origin m...Read More

Import prices for steel billet in the United Arab Emirates fell this week because of weak demand, and rebar prices were also expected to decline, sources said on Tuesday September 17. Market participants expect new domestic rebar prices to be announced in the near future, Fastmarkets understands. Billet imports Billet was on offer from Oman at about $405-410 per tonne cpt, but no si...Read More

Buying activity softened further in the export markets for hot-rolled coil and cold-rolled coil (HRC, CRC) from the Commonwealth of Independent States during the week ended Monday September 16, because prices have been falling too fast.Fastmarkets' price assessment for steel HRC, export, fob Black Sea, CIS, was $420-435 per tonne on September 16, down from $430-438 per tonne a week earlier."There...Read More

Desheng Stainless Steel, a subsidiary of Chinese state-owned Baowu Steel, plans to start construction of a series of facilities for making crude stainless steel in eastern China's Fujian province, according to a notice released by the Fujian Industry & Information Bureau on September 12.The units will be intended to replace some capacity in Shanghai and in central China's Hubei province.Facilities...Read More

Import prices for steel slab in Southeast Asia and East Asia continued to decline over the past week because of weakness in the downstream flat steel markets caused by sluggish demand and lower prices, market sources said.Fastmarkets' price assessment for steel slab imports, cfr Southeast Asia and East Asia, fell to $405-410 per tonne on Monday September 16, its lowest level in more than two...Read More

Chinese cold-rolled coil and hot-dipped galvanized coil export prices held steady over the past week amid stable domestic demand, although trading activity remained sluggish in the export markets.Cold rolled coilFastmarkets' weekly price assessment for steel cold-rolled coil export, fob China, was $505-510 per tonne on Tuesday September 17, unchanged from a week earlier.On Tuesday, Liaoning-based...Read More

Wire rod price export prices from the Commonwealth of Independent States continued to slide over the past week due to a lack of demand and growing competition with Turkish suppliers. The Turkish steelmakers reduced their export prices last week in attempt to attract customers and, in response, offers from the CIS region -particularly from Russia - dropped to $440-445 per tonne fob Black...Read More

(IDEX Online News) - Jewelers of America (JA) and Jewelers Board of Trade are gathering data for the Retail Jewelers Benchmarking Study. The study will give a comprehensive overview of the jewelry market place. The organizations say the study is designed to bring retail jewelers the information they need to make informed decisions about their businesses that can improve profitability.The study, wh...Read More

(IDEX Online) - August U.S. retail sales grew 4.6 percent year-over-year. According to the National Retail Federation (NRF), sales also increased 0.4 percent over July. The numbers exclude automobile dealers, gasoline stations and restaurants.NRF's numbers are based on data from the U.S. Census Bureau, which reported that overall August sales - including auto dealers, gas stations and restaur...Read More

(IDEX Online) - Industry charity Jewelers for Children (JFC) has unveiled its 2019 Hope for the Holidays program. The program includes holiday greeting cards made from designs created by children representing St. Jude Children's Research Hospital. For the third year, Hallmark has donated all the printing for the cards.The three designs were created by children who were either patients at...Read More

Lse-listed Petra Diamonds achieved a solid operational performance for the financial year ended June 30, generating operating free cash flow of $70.5-million, despite a weaker market, and during the company’s transition from its expansionary capital expenditure (capex) phase towards steady-state production.Following a strategic review of the business, in the short term, the company remains f...Read More

Turkish steel mills continued to stay away from the deep-sea scrap market on the second working day of the week amid limited demand for finished long steel, sources told Fastmarkets on Tuesday September 17.The latest transaction was a cargo from the United States at the end of last week, which was sold at $240 per tonne cfr for HMS 1&2 (80:20), $245 per tonne for shredded and $250 per to...Read More

Seaborne iron ore concentrate prices continued to see narrower discounts last week, while pellet market activity remained lackluster.ConcentrateFastmarkets' weekly index for iron ore 66% Fe concentrate, cfr Qingdao, stood at $99.54 per tonne last Friday September 13, up by $4.48 per tonne week on week.And Fastmarkets' daily index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao,...Read More

China's Dalian Commodity Exchange (DCE) has formally launched the brand delivery mechanism for its iron ore futures to replace the current delivery threshold of specifications. The new rules - aimed to cater to market demand and better serve the industry - will take effect from the September 2020 iron ore futures contract, DCE said on its website late last week. For the new physical delivery rules...Read More

Physical iron ore prices weakened on Tuesday September 17 amid losses in the futures markets.Fastmarkets iron ore indices62% Fe fines, cfr Qingdao: $97.17 per tonne, down by $1.28 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $97.56 per tonne, down by $1.28 per tonne.62% Fe low-alumina fines, cfr Qingdao: $96.13 per tonne, down by $0.81 per tonne.58% Fe fines high-premium, cfr Qingdao: $84.56...Read More

The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transactions: iron oreIron oreBHP, Beijing Iron Ore Trading Center (Corex), 80,000 tonnes of 57.1% Fe Yandi fines, traded at the October average of two 62% Fe indices, adjusted for Fe content, plus a discount of $3.30...Read More

Offers for premium mid-vol hard coking coal plunged in the seaborne market on Tuesday September 17 after several days of inactivity.Premium hard coking coal, fob DBCT: $144.08 per tonne, down $4.07 per tonnePremium hard coking coal, cfr Jingtang: $160.63 per tonne, down $7.13 per tonne Hard coking coal, fob DBCT: $131.75 per tonne, unchangedHard coking coal, cfr Jingtang: $150.26 per tonne, unchan...Read More

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