The recent downtrend in Chinese domestic ferro-silicon prices came to a halt in the week ended Friday May 24 amid an uptick in demand, while most suppliers kept their offer prices unchanged as they awaited further direction from June tender prices from steel mills. Chinese domestic market stabilizes, abundance of supply remains a headwind Chinese export offers unchanged in inactive market European...Read More
Cambodia's Sihanoukville Special Economic Zone is over a thousand miles from China, but you would not know it to be there.Cut into a landscape of thick jungle and paddy fields, the area - which touts itself as a landmark Belt and Road project - is a mass of freshly built white factory buildings emblazoned with names such as Fangyuan Factory, Qingdao Baoli Textile and Jinchenyuan.There runs Kinnric...Read More
Key data from the pricing sessions in London and Shanghai in the week ended Friday May 24.ChinaChina's ammonium paratungstate (APT) export price declined due to a lack of demand. Buyers have reduced the amount of material they would typically keep in their inventories in recent months, which market sources say has contributed to the decline in demand. Participants noted a large number of APT cargo...Read More
After leaving behind a distinguished early athletics background, notably as a successful coach, Dewhurst has built a four-decades business career, about half of which has been lived outside his nativeRead More
Key data from the pricing sessions in Asia and Europe for the week ended Friday May 24. ChinaExport prices in China rebounded slightly after most exporters raised their offer prices, citing a lack of silicon ore in the country's province of Xinjiang. Sources said the tightness of silicon ore in Xinjiang may be the result of environmental issues affecting mine production in the region. An increase...Read More
Key data from the pricing sessions in Asia and Europe for the week ended Friday May 24. ChinaThe Chinese domestic antimony price continued its downward trajectory for a third consecutive week after some suppliers in the country slashed their prices to destock. Other suppliers were reluctant to sell of their stocks because prices had fallen below their production costs. With prices now below produc...Read More
Cambodia's Sihanoukville Special Economic Zone is over a thousand miles from China, but you would not know it to be there.Cut into a landscape of thick jungle and paddy fields, the area - which touts itself as a landmark Belt and Road project - is a mass of freshly built white factory buildings emblazoned with names such as Fangyuan Factory, Qingdao Baoli Textile and Jinchenyuan.There runs Kinnric...Read More
China's hot-rolled coil prices weakened on Monday May 27 amid thin trading in both the domestic and export markets.DomesticEastern China (Shanghai): 4,000-4,020 yuan ($580-582) per tonne, widening downward by 10 yuan per tonneNorthern China (Tianjin): 3,900-3,910 yuan per tonne, down 10 yuan per tonneLow trading activity led to prices falling in the spot market.The futures market also weakened, bu...Read More
Barrick Gold's (TSX:ABX)(NYSE:GOLD) chief executive, Mark Bristow, said the company's bid for its 64%-owned Acacia Mining (LON:ACA) is an "appropriate" and "elegant" solution to the long-running row over outstanding tax claims that has hit the African miner's bottom-line.The $285-million offer, considered by some analysts and Acacia's minority shareholders as a low, would see the world's second...Read More
The U.S. Department of Energy has begun working with major American companies in an effort to make offshore wind power a lot cheaper.The DOE recently allocated up to $8 million to four projects that aim to "develop more efficient, smaller, and lighter-weight generators."The department says new designs could make the next generation of offshore wind turbines 50% smaller and lighter. And that could...Read More
Import prices for rebar in Singapore picked up some strength over the past week, Qatar and India are poised to start offering rebar to Singapore again after Turkey raised its offers to the island nation.The weekly Fastmarkets MB import price assessment for rebar in Southeast Asia - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $490-500 per tonne cfr for the...Read More
Following inquiries from INK Research and information that we have provided in relation to the creation of our No-Go list which we announced last week, Canadian securities regulators have told us in an email (which we just came across this weekend) that they are reviewing the granting of insider filing exemptions for Automatic Securities Disposition Plans (ASDPs).For those who have not been follo...Read More
China's domestic rebar prices continued to drop on Monday May 27 amid losses in the futures market and pessimistic sellers drawing down their inventories.Domestic Eastern China (Shanghai): 4,000-4,050 yuan ($580-587) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,930-3,970 yuan per tonne, down 20 yuan per tonneTraders are bearish about demand and prices for rebar in June because i...Read More
Thank you for joining us in a weekly technical look at the mid-cap oriented INK Canadian Insider (CIN) Index. Last week, the idea of the 1100 level providing support after holding firm on the last 4 re-tests quickly went out the window. As oil plunged 6.8%, the Index slipped on an oil slick of its own and its skid accelerated as the week progressed. In all, the INK CIN wiped out to the tune of 2...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transaction: rebarRebar East China, domestic, grade...Read More
Physical iron ore prices soared further on Monday May 27 on big gains in the futures and swaps markets.MB 62% Fe Iron Ore Index: $108.62 per tonne cfr Qingdao, up $3.30 per tonne. MB 62% Fe Pilbara Blend Fines Index: $106.81 per tonne cfr Qingdao, up $3.30 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $111.35 per tonne cfr Qingdao, up $2.55 per tonne. MB 58% Fe Premium Index: $99.46 per tonne c...Read More
Prices for seaborne iron ore concentrate and pellets picked up some strength last week amid a general upward trend in the market, though the segment remained relatively weak overall.ConcentrateThe weekly Fastmarkets MB 66% Fe Iron Ore Concentrate Index stood at $115.79 per tonne cfr China last Friday May 24, up $5.80 per tonne from a week earlier.The daily Fastmarkets MB 65% Fe Iron Ore Index aver...Read More
China's domestic rebar prices continued to drop on Monday May 27 amid losses in the futures market and pessimistic sellers drawing down their inventories.Domestic Eastern China (Shanghai): 4,000-4,050 yuan ($580-587) per tonne, down 20-30 yuan per tonneNorthern China (Beijing): 3,930-3,970 yuan per tonne, down 20 yuan per tonneTraders are bearish about demand and prices for rebar in June because i...Read More
Export prices for Brazilian slab widened downward last week, with producers increasingly on the lookout for other destinations for their products due to shipments to the United States getting closer to exhausting their annual quota.The weekly Fastmarkets MB export price assessment for Brazilian slab was $440-520 per tonne fob last Friday May 24, compared with $510-520 per tonne fob a week earlier....Read More
Jesse Felder, Founder of The Felder Report, joins us on SBTV and warns that current asset bubbles induced by policies of the Federal Reserve have been blown to epic Ponzi levels.Discussed in this interview:04:07 Failure of Bear Stearns during 2008 financial crisis08:20 Bank depositors beware10:05 Monetary policy fuelling asset bubbles12:28 Consequences of Fed's control of interest rates13:56 Flip...Read More