Domestic rebar prices in Poland have been largely unchanged over the past week, supported by solid demand, sources told Fastmarkets on Friday June 7.Fastmarkets' weekly price assessment for domestic 12mm B500B-grade rebar in Poland was 2,110-2,150 zloty ($553-565) per tonne ex-works on June 7, compared with 2,100-2,160 zloty per tonne ex-works a week earlier.The assessment reflects the d...Read More
Altech ticks boxes on path to production SPONSOREDaltech chemicalsFreeport will earn up to 75% in the 462sq.km Wild Horse project that contains a distinct aerial magnetic anomaly located on the western edge of a magnetic granite pluton, about 80km south of Adelaide. Altech ticks boxes on path to production SPONSOREDaltech chemicalsTerramin says the Wild Horse anomaly exhibits a "classic Weste...Read More
Two-time Vale president Eliezer Batista diesLeadershipLook beyond market approach to project valuations: van ZylLeadershipLithium's next generationSPONSOREDneo lithiumHot Chili secures copper 'super hub' SPONSOREDhot chili limitedThis batch brings the total number of reported holes to 75 for 20,516m, which will provide a fuller understanding of the faulting and feeders that control the...Read More
Prices for alloy steel scrap in Europe and the UK were largely stable this week in a slow market where poor demand has been matched by limited supply, sources told Fastmarkets on Friday June 7."Demand has fallen off a cliff, but there's also really not a lot of supply - it has been very slow coming in. And the mills just don't need much [scrap]," a UK trader said.Fastmarkets' price assessment for...Read More
Global ferrous scrap prices moved downward during the week ended Friday June 7, notably in India and Taiwan, but prices in Turkey, the United States and Vietnam remaining unchanged on a lack of trading. Turkish market pauses for public holiday US export prices unchanged on lack of sales Vietnam prices flat on limited trading Taiwan prices dip on unconfirmed Turkish deal rumors Indian prices contin...Read More
Despite the world of trade and economic weakness still very much in focus, markets have generally managed to do some consolidating, although with the gold price holding above $1,320 per oz, haven assets remain in demand. We still see the global economy as wounded and it will need a US-China trade deal to see it recover.Base metals Three-month base metals prices on the London Metal Exchange were fo...Read More
The price of shredded ferrous scrap imported into India moved down week on week following poor demand, sources told Fastmarkets on Friday June 7.Fastmarkets' weekly index for containerized imports of shredded scrap into India was $324 per tonne cfr Nhava Sheva on Friday, down from $330.40 per tonne cfr Nhava Sheva one week previous.Offer prices for shredded this week ranged from $320-327 per tonne...Read More
Turkish mills did not book any deep-sea cargoes in the week ended Friday June 7 because of the week-long Eid al-Fitr public holiday, sources told Fastmarkets.There has been no trading activity during the week while Turkey marked the end of the period of abstinence for the Islamic holy month of Ramadan.Given the lack of activity in the...Read More
Ukrainian steelmaker Metinvest will reduce its overall capacity for pig iron at its Azovstal plant in a series of major blast furnace overhauls, Fastmarkets learned during the week ended Friday June 7.The complete shutdown of blast furnace (BF) No5 has already started, the company said on June 5."The equipment will be taken out of operation pursuant to the [refurbishment plan]. Once it has been co...Read More
Prices in the United Kingdom's light iron market were unchanged week on week on Friday June 7 due to Turkey's absence from the market, keeping prices steady, sources said. Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?85-105 ($108-133) per tonne on June 7, flat week on week. Turkey, a key UK export destination, has remained absent from...Read More
Sentiment in the key containerized scrap import market of Taiwan flipped to bearish this week, with demand stalling while end users awaited a clearer price direction after rumors of a lower-priced deal in Turkey.The rumor surfaced despite a trading hiatus in the bellwether Turkish market due to the Eid al-Fitr holiday, which ends on June 10. Demand in key bulk import market Vietnam...Read More
Seaborne iron ore prices were flat on Friday June 7 amid a muted market due to a public holiday in China.MB 62% Fe Iron Ore Index: $100.60 per tonne cfr Qingdao, unchanged. MB 62% Fe Pilbara Blend Fines Index: $99.40 per tonne cfr Qingdao, unchanged. MB 62% Fe Iron Ore Index-Low Alumina: $104.04 per tonne cfr Qingdao,...Read More
U.S. equity index futures were higher this morning. S&P 500 futures were up 5 points in pre-opening trade.Index futures moved lower following release of the May employment report released at 8:30 AM EDT. Consensus for May Non-farm Payrolls was 180,000 versus 263,000 in April. Actual was 75,000. Consensus for May Unemployment Rate was unchanged from April at 3.6%. Actual was 3.6%. Consensus for...Read More
Sentiment in the ex-China segment of the seaborne coking coal market has deteriorated further following a trade involving a cargo of premium materials that was concluded below prevailing levels.A July-laycan cargo of branded materials changed hands on trading platform Global Coal at $197 per tonne fob Australia late on Thursday, various sources told Fastmarkets on Friday June 7. The transaction wa...Read More
Despite the world of trade and economic weakness still very much in focus, markets have generally managed to do some consolidating, although with the gold price holding above $1,230 per oz, haven assets remain in demand.We still see the global economy as wounded and it will need a US-China trade deal to see it recover. US President Donald Trump said he would decide whether to extend tariffs on US...Read More
The following Fastmarkets minor metals prices changed on Friday June 7:Minor metalsCadmium MB free market min 99.95%, cents/lb: 118-128 cents per lb from 120-130 centsChromium MB free market alumino-thermic, $/tonne: $7,750-7,950 per tonne from...Read More
Sharp, bracing winds have scattered the fog. The horizon is now visible... and the future drifts into focus.Yes, we have the future in sight.Today we report the way ahead.We begin where we stand - upon creaking and groaning floorboards…Recessionary Warnings in all DirectionsManufacturing surveys indicate global manufacturing contracted in May… for an unprecedented 13th-consecutive mont...Read More
Stainless steel prices in Europe were under pressure this week from lower June alloy surcharges and weak demand, sources told Fastmarkets on Friday June 7.Prices decreased only modestly this week, however, and mills were determined to resist the pressure and prevent any further price reductions, according to distributors.Fastmarkets assessment for grade-304 stainless steel cold-rolled (CR) sheet t...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday June 7:The following Fastmarkets non-ferrous European free market scrap...Read More
While uranium oxide prices continue to drift in the doldrums, several uranium companies have still raised a bit of money to explore and carry out modest programs. Here is a look at eight uranium-focused companies that are active in 2019.ALX URANIUMBased in Vancouver and led by CEO and chairman Warren Stanyer, ALX Uranium (TSXV: AL; US-OTC: ALXEF) is the product of the merger between Alpha Explorat...Read More