Dollar strength and technical selling acting...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 is...Read More
The domestic Chinese ferro-silicon market was stable in the week ended Friday November 9, while the European price stabilized after the prior week's drop and the US ferro-silicon spot market held week on week. Chinese suppliers focus on domestic market, export price lower on yuan depreciation Europe steadies losses, awaits outcome of industry conference US market focuses on long-term...Read More
Low-grade manganese ore prices ticked up again on better demand, while thin trading knocked high-grade prices. Low-grade prices rise againHigh-grade prices slideSilico-manganese holds in China, ferro-manganese stirs upwardHigh-carbon ferro-manganese ticks up in Europe, drops in United States Silico-manganese holds in Europe, US Low-grade manganese ore prices continued edging up on Friday Nove...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
Ore and alloy prices weakened further in China, Europe and the United States as buyers in all three markets held back interest. Ore prices dip again in ChinaSpot domestic and imported ferro-chrome prices still sliding in ChinaAlloy prices hold in Japan, South KoreaAlloy prices weaken in Europe, US Chrome ore and alloy prices continued to soften in China on Friday November 9 amid minimal prompt dem...Read 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
European ferro-vanadium and vanadium pentoxide (V2O5) prices gained further strength on the back of limited supply availability in the week ended November 9, while in the United States and China vanadium prices stabilized on subdued market activity.?EUR? Chinese export prices stabilize amid thin export activity due to favorable domestic market ?EUR? Europe FeV prices rise amid the lack of supply a...Read More
Three-month base metals prices on the London Metal Exchange were up across the board by an average of 0.6% on Tuesday November 13. Nickel and lead prices led with gains of 0.9%, while copper prices were up by 0.5% at $6,075 per tonne.Volume has been average with 5,328 lots traded as of 06:29am London time. Precious metals were up by an average of 0.4%, although spot gold prices lagged wi...Read More
U.S. equity index futures moved higher this morning. S&P 500 futures were up 11 points in pre-opening trade.Home Depot gained $2.47 to $181.90 after reporting higher than consensus third quarter results. The company also raised its guidance. NVIDIA added $3.07 to $192.61 after Susquehanna upgraded the stock to Positive from Neutral.Michael Kors slipped $0.03 to $47.75 after MKM Partners lowere...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 oreVale, tender, 82,728 tonnes of 62.93%...Read More
Seaborne iron ore prices continued to weaken on Tuesday November 13, yet higher premiums were paid for 62% Fe Australian fines.MB 62% Fe Iron Ore Index: $75.73 per tonne cfr Qingdao, down $0.32 per tonne.MB 62% Fe Pilbara Blend Fines Index: $75.53 per tonne cfr Qingdao, down $0.32 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $77.72 per tonne cfr Qingdao, down $1.06 per tonne.MB 58% Fe Premium I...Read More
Seaborne coking coal prices were mostly flat on Tuesday November 13 amid inactivity in the spot market.A cargo of second-tier hard coking coal was sold to an end user in southern China at around $195 per tonne fob Australia, market sources told Fastmarkets. They said the cargo was part of a term contract for the month of December."Though this is not a spot transaction, it is still rather closely a...Read More
While the winter season begins in China, the ferrous market is wondering whether Chinese steelmakers will continue to move toward higher-grade, lower-impurity iron ore - an affinity they have demonstrated over the last two years.This affinity is the result of the Chinese government's policy shift that put more focus on protecting the environment as well as its supply-side reforms for the steel ind...Read More
China's steel futures edged up during morning trading on Tuesday November 13 while the steelmaking raw materials contracts dipped across the board.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 3,874 yuan per tonne, up 7 yuan per tonneJanuary hot-rolled coil: 3,616 yuan per tonne, up 6 yuan per tonneDalian Commodity Exchange January iron ore: 516 yuan per tonne,...Read More
I recently told you about changes to your personal tax return that you should be aware of for the upcoming Tax Day. But there are big tax savings available if you are a business owner or real estate investor.The Tax Cuts and Jobs Act has changed the outlook for our finances and the profitability of investments. While much of the press coverage around the new rules has been on its drawbacks, there...Read More
You are well aware that the Federal Reserve is raising interest rates. This policy started in December 2015 with Janet Yellen's "liftoff" from zero and has continued through seven more rate hikes in 2016, 2017 and 2018, with another hike expected this December.The cumulative impact is to put the high end of the range for the fed funds rate at 2.5% by year-end. More of the same is widely anticipate...Read More
I'm in Dublin, Ireland, today, where I was honored and humbled to receive a writing award from Trinity College.It's my job to continue pointing out the risks to the financial system that we still face and to try to help people prepare for the next crisis. Of course, central banks are a big part of the problem.If you have defective and obsolete models, you will produce incorrect analysis and bad po...Read More
Base metals on the London Metal Exchange were predominantly higher during morning trading on Tuesday November 13, with upward price action largely impervious to a continued surge in the US dollar index and optimism over US-China trade relations boosting commodity investments. Climbing by nearly 1%, the three-month zinc price was the biggest mover in the morning, pushing back above $2,500...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday November 13 *Copper -$139.14 (-969.79 yuan) Aluminium -$431.30 (-3,006.10 yuan) Zinc -$13.14 (-91.55 yuan) Nickel $652.11 (4,545.09 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME...Read More
Cobalt 27 has settled an insurance claim against 76 tonnes of cobalt stolen in July from a warehouse for $40.85 per lb. The settlement totals $6.8 million and is based on the high of the high-grade cobalt price assessed by Fastmarkets MB on Wednesday July 4, the company said late on Tuesday November 13. High-grade cobalt prices were last...Read More