Import and domestic prices for rebar and billet in the United Arab Emirates (UAE) decreased this week, with demand weak, sources told Fastmarkets MB on Thursday December 27.Domestic rebarLocal rebar producers had previously announced reduced prices for January production on December 20.The country's largest producer, Emirates Steel, was offering rebar at 1,899 dirhams ($517) per tonne ex-works, do...Read More
Another wild day, this time in a bullish way! The Dow Jones Industrial Average advanced 1,086.25, an all-time record daily point gain. U.S. equity index shook off early weakness with a gain of 5%.Strongest sector/subsector was energy thanks to an 8.68% jump in the price of WTI Crude Oil StockTwits Released Yesterday @EquityClockTechnical action by S&P 500 stocks to 10:00: Quietly bearish....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 transaction: iron oreIron oreRio Tinto, Global Ore, 170,000 tonnes of 62% Fe Pilbara Blend fines, traded at the January average of a...Read More
Physical iron ore prices posted limited movement on Thursday December 27 with market participants continuing to take caution when trading in the last few days of the year.MB 62% Fe Iron Ore Index: $71.48 per tonne cfr Qingdao, up $0.09 per tonne. MB 62% Fe Pilbara Blend Fines Index: $71.31 per tonne cfr Qingdao, up $0.09 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $73.56 per tonne cfr Qingdao...Read More
The seaborne coking coal spot market remained quiet on Thursday December 27 despite lower offers during the day.A premium low-vol hard coking coal cargo was offered at $196 per tonne cfr China during the day, down $2 per tonne from just a day earlier, a southern Chinese mill source told Fastmarkets. Counterbids were heard around $190-195 per tonne cfr China, according to various sources.Outsi...Read More
Import prices for steel billet in Southeast Asia remained flat on Thursday December 27 due to sparse offers, bids and transactions amid the year-end holiday season.Fastmarkets' daily import price assessment for billet in Southeast Asia was $460-462 per tonne cfr Manila on December 27, unchanged for the sixth consecutive day.One cargo from the Russian Far East was sold to the Philippines at $462 pe...Read More
China's ferrous futures retreated during morning trading on Thursday December 27, that despite opening about 1-2% above Wednesday's settlement levels.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,410 yuan ($495) per tonne, down 54 yuan per tonne May hot rolled coil: 3,322 yuan per tonne, down 77 yuan per tonneDalian Commodity Exchange May iron ore: 488 yuan per to...Read More
We are a little over one year since President Donald Trump signed the Tax Cuts and Jobs Act (TCJA), and since then, real estate investors have been rushing to make sense of it all. In what represents the most sweeping U.S. tax reform since the Tax Reform Act of 1986, many of the changes are set to have a significant impact on businesses and individuals alike.The new 20% deduction that's available...Read More
Vancouver, British Columbia (December 27, 2018) - PRIZE MINING CORPORATION ("Prize" or the "Company") (TSXV:PRZ) (OTCQB:PRZFF) (MQSP:GR:FRANKFURT) announces that the Company has appointed Mr. Dallas Pretty, B.Comm., CA to the Company's Board of Directors. The Company is also announcing the resignations of David Schmidt and Robert Archer from the Company's Board of Directors and the resignation...Read More
Some participants have started to bet China's export hot-rolled coil prices will drop following declines in the domestic market amid sparse trading on Thursday December 27.DomesticEastern China (Shanghai): 3,700-3,730 yuan ($537-541) per tonne, down 20 yuan per tonneNorthern China (Tianjin): 3,640-3,660 yuan per tonne, widening downward 10 yuan per tonneAlthough prices in Shanghai&n...Read More
China's domestic rebar prices increased slightly on Thursday December 27 on early futures gains, while export prices decreased slightly. Domestic Eastern China (Shanghai): 3,760-3,800 yuan ($545-551) per tonne, up 20 yuan per tonneNorthern China (Beijing): 3,630-3,670 yuan per tonne, up 20 yuan per tonneRebar futures opened up on Thursday morning amid the higher openings on the dome...Read More
The Chinese antimony market showed signs of softening in the week ended Wednesday December 26 after some domestic suppliers began to cut their offer prices in an attempt to entice buyers to do business and generate cash before the end of the year.Fastmarkets' price quotation for MMTA standard grade-II antimony, delivered duty-paid in China, stood at 49,000-49,500 yuan ($7,108-7,180) per tonne on D...Read More
Import prices for stainless steel in East Asia moved up over the past week in the absence of low offers from certain mills, although trading activity remained muted amid soft demand due to the year-end holiday season.Fastmarkets MB's import price assessment for 304 stainless 2mm trimmed cold-rolled coil in East Asia was $1,900-1,960 per tonne cif for the week ended Wednesday December 26, up $30-40...Read More
China's domestic stainless steel prices widened lower over the past week due to inactive trading ahead of the year-end.Fastmarkets MB's price assessment for benchmark 304 stainless cold-rolled coil in the major market of Wuxi was 14,200-14,800 yuan ($2,060-2,147) per tonne including VAT for the week ended Wednesday December 26, against 14,300-14,800 yuan per tonne from a week...Read More
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Elon Musk took to Twitter on the day after Christmas to remind everyone how important driving an electric car is for the environment and to let them know that the Supercharger network will cover all of Europe, North America, Mexico, and China by the end of 2019.Read full newsRead More
Disregarding strong opposition from the likes of DoubleLine Capital founder Jeffrey Gundlach, legendary hedge fund manager Stanley Druckenmiller, President Donald Trump and others, Federal Reserve Chairman Jerome Powell hiked rates on last Wednesday for the fourth time in 2018.Read full newsRead More
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"Gold-focused AXMIN saw its share price grow significantly this year. CFO David Weill explains what drove the company's momentum. https://t.co/lIVkS5YFpY #axmin #preciousmetals #gold #investing"Read full newsRead More
The U.S.-China trade war that's ravaged most commodities failed to dent 2018's best-performing major metal. Many analysts don't see much standing in the way of further gains in 2019.Shortages of palladium sent prices of the commodity used in autocatalysts to a record this year, at times surging past gold to become the most precious of major metals. Citigroup Inc. sees no supply relief soon. Users...Read More