Domestic rebar producers in the United Arab Emirates (UAE) have announced new prices for December production, although imported rebar prices remained stable over the past week.Steel billet prices, meanwhile, were unchanged because the rebar producers in the UAE have enough stock to last for more than one month, sources told Fastmarkets on Tuesday November 20.Domestic rebarThe country's biggest pro...Read More
Lead price ripe to head...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it...Read More
Gold is going nowhere but it seems to be in a hurry, or at least traders and investors are impatient. A watched pot never boils, and gold will make the next move when it's ready and not one minute before. The most important components of trading and investing are not the news or opinions of others but the patience for the chart to guide you. All markets leave footprints or a treasure map of what's...Read More
OTTAWA (Reuters) - The Bank of Canada will review its monetary policies and is open to making major changes, including a move away from its long-standing practice of targeting inflation, a senior official said on Tuesday.The deadline for the review is late 2021, when the central bank is due to renew its five-year inflation control agreement with the federal government. The inflation target has bee...Read More
Price still probing lower as price correction extends...ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products. Latest transactions: rebarRebarUAE, domestic (Emirates Steel), rebar, offered at 2,016 dirhams ($549) per tonne ex-works, December...Read More
Tin underperforms its complex since November-start ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lates...Read More
Prices outperform as structural tightness deepens ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest...Read More
The latest metal markets news and price moves to start the North American day on Tuesday November 20.Base metals on the London Metal Exchange were predominantly lower during morning trading, with most metals trading in narrow ranges while global trade tensions and depleting LME stocks deter investors. Here is how the LME base metals complex looked at 11.45am London time:For a snapshot of exchange...Read More
ACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the latest issue as soon as it’s published.SubscribeRead More
Click here to download the Selected Demand IndicatorsACCESS RESTRICTEDTo read the rest of this analysis please take a free sample or subscribeFREE SampleReceive a free sample of market analysis and price forecasts.Free SampleSUBSCRIBEReceive unlimited access to all current and archive content going back to 2008 including downloadable pricing data and forecasts.Plus download the lat...Read More
Steel traders in Asia have been feverishly short-selling their cargoes in recent weeks due to the bearish sentiment in the Asian market, with back-to-back offers for steel products often accompanied by short-selling offers at a wide discount to mill cargoes.These discounts can reach up to $15 per tonne, which indicate the additional price falls that traders expect when short-selling cargoes. Buyer...Read More
Jittery stock markets and ongoing disappointment over United States/China trade developments continued to put either a cap on the base metals – the exception being tin that broke higher at the start of this week – or keep them under pressure, in the likes of nickel and aluminium. The three-month base metals prices on the London Metal Exchange were on divergent paths this morning, Tu...Read More
China's hot-rolled coil prices fell on Tuesday November 20 amid tumbles across financial markets.DomesticEastern China (Shanghai): 3,790-3,820 yuan ($546-550) per tonne, down 10 yuan per tonneNorthern China (Tianjin): 3,770-3,780 yuan per tonne, down 40 yuan per tonneHRC prices nationwide fell, though the decreases were relatively smaller in comparison with other steel products such as rebar, a tr...Read More
Jon Vialoux will be on BNN's Market Call Tonight at 6:00pm ET this Friday, November 23rd taking your calls on Technical Analysis and Seasonal Investing. CALL TOLL-FREE 1-855-326-6266, EMAIL marketcall@bnnbloomberg.ca, or TWEET @MarketCall.Pre-opening Comments for Tuesday November 20thU.S. equity index futures were lower this morning. S&P 500 futures were down 31 points in pre-openi...Read More
China's rebar prices tumbled further on Tuesday November 20 amid persistently weak demand. Domestic Eastern China (Shanghai): 4,150-4,180 yuan ($598-602) per tonne, down 100-120 yuan per tonneNorthern China (Beijing): 3,930-3,980 yuan per tonne, down 100 yuan per tonneThe weakness in the Chinese stock market spread over to the ferrous futures market, weighing on the rebar contract, sources said.Mo...Read More
The initial public offering (IPO) of shares in the newly created Livent Lithium will help the fledgling company to face the challenges of meeting global demand for lithium and to solidify its position as a major supplier to the fast-growing battery industry, according to chief executive officer Paul Graves.The acquisition by Livent's parent company, FMC, of chemicals giant DuPont set the course fo...Read More
Tungsten miner W Resources has begun the early start-up of tungsten and tin concentrate production at its La Parilla mine in Spain as part of a planned staged build-up to full mine production in the first half of 2019, it said on Tuesday November 20. "Tungsten and tin prices are robust and our staged production expansion will allow W to build-up production capacity ahead of full plant completion,"...Read More
Most retirement research points to an impending crisis for about half of Americans who save too little at the advice of their financial planner. Because people worry about outlasting their savings, most adjust by living humbly - often too humbly.If I hear one more financial advisor tell their audience "cut your expenses," I may just do something I'll regret later. Personally, it's insulting to me,...Read More
Representatives from Chinese manganese alloy smelters will meet this week to discuss silico-manganese tender prices, market sources told Fastmarkets.The meeting is understood to be aimed at keeping the manganese market stable, market sources added. "We want to keep our prices stable so that the market is sustainable for everyone," a silico-manganese producer told Fastmarkets.Others noted that sili...Read More