An overview of the Chinese minor metals markets and the reasons for any price moves.Read More
The Friday Market Minute Global stocks little-changed, U.S. futures slip after a stronger-than-expected U.S. jobs report even as government bond markets continue to rally on hopes of deeper central bank support. U.S. employers added 224,000 new jobs last month, but modest wage growth of 3.1% could compel the Fed to further define its near-term rate forecasts. Samsung estimates another quarterly...Read More
Ferrous scrap prices went up in almost all of the major markets during the working week from Monday July 1 to Friday July 5, following the rebound in Turkish prices. Turkish import prices continued to rise with August shipment bookings A US scrap sale to Turkey raised sentiment in the export and domestic markets Mixed signals in the Asian scrap market Shredded scrap prices moved up in India despit...Read More
The update "unlocked additional value" at the Alacran deposit and added resources for the Montiel East, Montiel West and Costa Azul satellite deposits, Cordoba said. San Matias now has a 94.Read More
The UK and European alloy steel scrap markets were very subdued this week, with prices remaining stable, sources told Fastmarkets on Friday June 5.The markets have entered their usual summer slowdown, which traditionally spans July and August. But the downturn in activity could be more pronounced this year given that it started earlier than usual."It seems that each year [the summer slowdown] star...Read More
The UK light iron inter-merchant spot market remained unchanged for the second consecutive week as negotiations between suppliers and consumers for monthly delivery settlements continued, sources told Fastmarkets on Friday July 5.Fastmarkets' weekly price assessment for UK grade-5C ferrous scrap on an inter-merchant basis was ?80-100 ($101-126) per tonne on July 5. Some sources said the...Read More
Market participants seem to be waiting for the next development to provide direction and that is likely to come from the US employment report due later on Friday July 5. So far this week equities and bonds have been rallying on the back of expectations for looser monetary policy, while the base metals have mainly been on a back foot in line with weak economic data.Gold prices remain elevated highl...Read More
China's lithium market remained sluggish this week, which market sources attributed to the conclusion of the transition period for the new energy vehicles (NEV) subsidy and forecasts of declining demand for lithium in the short term. The end of the transition period for the 2019 NEV subsidy has hit sentiment for lithium compound demand in the short term. Battery-grade lithium carbonate price...Read More
Liquefied natural gas (LNG) is the fastest-growing sector in the energy industry.According to a new report from Global Energy Monitor (GEM), over $1.3 trillion is being invested right now in over 200 LNG terminal projects around the world.GEM counts 202 LNG terminal projects currently in development, including 116 export terminals and 86 import terminals worldwide. It estimates that these new term...Read More
Trade log for battery-grade lithium carbonate in China including trades, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per tonne on an ex-works China basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets price assessment for lithium carbonate 99.5% Li2CO3 min, battery grade, spot price range, exw domestic China, yuan/tonne. Fastma...Read More
Turkish prices for hot-dipped galvanized coil (HDG) decreased over the week ended Friday July 5, with demand reported to be weak in both the local and export markets.Export demand had initially improved after the United States decided on May 17 to reduce its tariff on Turkish steel imports to 25% from 50%, but then declined again because of Turkish producers' high prices.Domestic pricesDemand in t...Read More
Storm clouds hang over Canopy Growth (WEED) after CEO dumps all his shares. Watch the video summary of our July 4th INK morning report.As a reminder, INK Research and Canadian Insider are both subscriber-supported. We do not accept payments from issuers or promoters for stock coverage. Read More
In the latest edition of our weekly Insights newsletter, we report that insiders are getting in a bullish mood again. Also, checkout our media clip of the week that features a Canadian technology stock and our insider of the week who just bought more than $6 million worth of his company's stock. The newsletter is free and no registration is required. Read More
U.S. employers likely added enough jobs to hold the headline unemployment rate at its lowest level in fifty years last month, but slowing growth rates and modest wage gains could spark renewed bets on deeper Federal Reserve rate cuts when the June data is published before the market opens Friday. Analysts are expecting the Bureau of Labor Statistics to report that 160,000 new jobs were crea...Read More
Prices for hot-rolled coil (HRC) in Turkey were mostly unchanged over the past week while the summer slowdown and a reduction in end-user consumption continued, sources told Fastmarkets on Friday July 5.Domestic pricesFastmarkets' weekly price assessment for steel HRC domestic, exw Turkey, widened upward to $500-520 per tonne ex-works on Friday, compared with $500-510 per tonne ex-works a week ear...Read More
Slow demand will remain as the main challenge for European hot-rolled coil producers and will keep adding pressure to domestic coil prices in the third quarter of 2019, market sources told Fastmarkets this week. Slow demand will remain as the main challenge for European hot-rolled coil producers and will keep adding pressure to domestic coil prices in the third quarter of 2019, market sources told...Read More
The price of Brazilian domestic rebar decreased for July deliveries following a recent downtrend in Turkish rebar prices and weakening demand in the country.Fastmarkets assessed the rebar domestic price at 2,370-2,480 Reais ($622-650) per tonne delivered on Friday July 5, down from 2,450-2,600 Reais per tonne a month before. This marks the assessment's lowest since April 2018, when the p...Read More
China's rebar prices were flat on Friday July 5 with market participants taking a wait-and-see approach in spite of lower futures. Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($578-582) per tonne, unchangedNorthern China (Beijing): 3,920-3,950 yuan per tonne, unchangedRebar futures fell during the day, but the decrease was attributed not to developments in the long steel market but to 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 transaction: rebarRebar East China, domestic, grade...Read More
Ferrous scrap prices went up in almost all of the major markets during the working week from Monday July 1 to Friday July 5, following the rebound in Turkish prices. Turkish import prices continued to rise with August shipment bookings A US scrap sale to Turkey raised sentiment in the export and domestic markets Mixed signals in the Asian scrap market Shredded scrap prices moved up in India despit...Read More