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COKING COAL DAILY: Miner, Japanese mill agree $138.50 for Q2 PCI shipments

April 04, 2019 / www.metalbulletin.com

The seaborne coking coal spot market weakened again on Wednesday April 3, and ample supply is expected to weigh on prices further.A cargo of a top Australian brand premium hard coking coal, which is scheduled for loading between end-April and early May, was traded at $200.11 per tonne cfr China, various sources told Fastmarkets during the day. The same brand changed hands at $201.66 per tonne cfr...Read More

Metals prices buoyant this morning on further evidence of uptick in China's economic activity

April 03, 2019 / www.metalbulletinresearch.com

Three-month base metals prices on the London Metal Exchange were firmer during morning trading on Wednesday April 2, up by an average of 0.4% – further evidence of a recovery in China's economy seems to be providing support. Nickel once again led the way with a 0.7% rise on Wednesday, with the metal’s three-month price recently quoted at $13,255 per tonne, up from Tuesday’s clo...Read More

CHINA HRC: Low demand, high domestic prices divide export market

April 04, 2019 / www.metalbulletin.com

China's hot-rolled coil market was largely steady on Wednesday April 3, though exporters have started to adopt different strategies amid domestic prices gains and weak demand from abroad.DomesticEastern China (Shanghai): 3,880-3,890 yuan ($577-579) per tonne, up 20 yuan per tonneNorthern China (Tianjin): 3,790-3,810 yuan per tonne, unchangedPrices in Shanghai rose during the day, even though tradi...Read More

CHINA REBAR: Prices rise on impending iron ore supply drop

April 04, 2019 / www.metalbulletin.com

China's rebar prices moved up on Wednesday April 3 in both its domestic and export markets in response to heightened expectations of a drop in iron ore supply upstream.Domestic Eastern China (Shanghai): 3,900-3,950 yuan ($580-588) per tonne, up 50 yuan per tonneNorthern China (Beijing): 3,900-3,940 yuan per tonne, up 40 yuan per tonneFerrous futures, including the rebar contract, rose across the b...Read More

East Asian stainless steel prices inch down on weak demand

April 04, 2019 / www.metalbulletin.com

Import prices for stainless steel in East Asia softened slightly over the past week due to weak regional demand, despite the recovery in the London Metal Exchange nickel price.Fastmarkets' weekly import price assessment for benchmark-304 stainless 2mm trimmed cold-rolled coil (CRC) in East Asia was $2,030-2,110 per tonne cif on Wednesday April 3, down by $10-20 per tonne from a week earlier.Fastma...Read More

LIVE FUTURES REPORT 03/04: LME base metals prices rebound despite dollar strength; nickel climbs 1.5%

April 04, 2019 / www.metalbulletin.com

Base metals prices on the London Metal Exchange were predominantly higher during morning trading on Wednesday April 3, improving on continued progress emanating from recent US-Chinese trade talks while persistent strength in the US dollar fails to deter buying momentum. Nickel's three-month price is now trading comfortable above $13,300 per tonne amid a continued drawdown in the LME's dwindling st...Read More

GLOBAL ALUMINIUM WRAP: Tight supply in Asia, wide LME contangoes support Rotterdam, MJP premiums

April 04, 2019 / www.metalbulletin.com

Global aluminium markets took divergent paths in the week ended Tuesday April 2, with premiums in the Dutch port of Rotterdam and Asia edging upward after gaining support from wide contangoes in London Metal Exchange aluminium price spreads and tightening spot supply of refined metal in Asia.Premiums were largely weaker elsewhere, with those in the United States dropping to an 11-week low. Rotterd...Read More

Trade log April 2019: Cobalt sulfate

April 04, 2019 / www.metalbulletin.com

Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Unless otherwise stated, all prices are yuan per tonne on an ex-works basis.The cobalt sulfate, Co 20.5% min, China ex-works, adjustment to the low-grade cobalt low-end price at Co 20.5% basis is on a $ per lb basis.Fastmarkets MB prices Click here for Fastmarket MB's price assessment for coba...Read More

COBALT SNAPSHOT: Consumers, traders continue to buy after market turns

April 04, 2019 / www.metalbulletin.com

Key data from the pricing session in London on Wednesday April 3.Key drivers- Traders continue to restock after prices stabilized two weeks ago; consumers start to buy after months of reducing their positions and working through high-priced stock.- Sellers successfully raise offer...Read More

MINOR METALS MARKET REPORT 03/04: Gemanium dips for first time in 2019; indium slips down

April 04, 2019 / www.metalbulletin.com

An overview of the minor metals markets and the reasons for any price moves.Read More

FASTMARKETS NON-FERROUS PRICE CHANGES 03/04: Minor metals

April 04, 2019 / www.metalbulletin.com

The following Fastmarkets minor metals prices changed on Wednesday April 3:Antimony MB free market regulus, $/tonne: $7,100-7,450 per tonne from $7,200-7,500Antimony MB Chinese free market MMTA standard grade II, yuan/tonne: 43,500-45,000 yuan per tonne from 44,000-45,000 yuanCobalt MB free market alloy grade, $/lb: $14.90-16.35 per lb...Read More

Tech Talk for Wednesday April 3rd 2019

April 03, 2019 / www.timingthemarket.ca

U.S. equity index futures were higher this morning. S&P 500 futures were up 17 points in pre-opening trade. Index futures were responding to news that a trade agreement between China and the U.S. is "90% complete". The Shanghai Composite Index added another 1.24% to 3216.30.Index futures were virtually unchanged following release of the March ADP Private Employment report released at 8:15 AM E...Read More

JIANGXI COPPER AT A GLANCE: 2018 full-year production results

April 04, 2019 / www.metalbulletin.com

A summary of Jiangxi Copper's production results for the year ended December 31, 2018.What follows is a year-on-year percentage change from 2017.Copper...Read More

METALS MORNING VIEW 03/04: LME base metals prices buoyant on further evidence of uptick in China's economic activity

April 04, 2019 / www.metalbulletin.com

Three-month base metals prices on the London Metal Exchange were firmer during morning trading on Wednesday April 2, up by an average of 0.4% - further evidence of a recovery in China's economy seems to be providing support.Nickel once again led the way with a 0.7% rise on Wednesday, with the metal's three-month price recently quoted at $13,255 per tonne, up from Tuesday's close at $13,165 per ton...Read More

TITANIUM SNAPSHOT: Steady buying interest supports prices

April 04, 2019 / www.metalbulletin.com

Key data from the Wednesday April 3 pricing session in Europe. Key drivers  The European ferro-titanium market was unchanged for the second consecutive week, cementing gains made in a price rally through March.  There has been regular consumer demand for prompt shipment, with more buying inquiries emerging for second-quarter deliveries from consumers.  Some sources reckoned that the...Read More

Don't Ignore This Key Part of Retirement Planning

April 03, 2019 / dailyreckoning.com

After working 25, 30, 35 years, or longer, you might think that retirement will be a like a permanent vacation where you sit back with your feet up and watch the world whiz by. But it's not. Retiring is a life changer, it can be a shock to your system, and it's not all fun. In fact, it may actually be the toughest job you've ever had. That's because one of the biggest challenges you'll face for th...Read More

Walmart, Target and TJX Reel From Delayed Tax Refund Checks... But Not For Long...

April 03, 2019 / dailyreckoning.com

Have you received your tax refund yet?Chances are good that if you were owed a refund, your return has been delayed. The government shutdown caused the IRS to furlough workers during some of the most important weeks for processing tax returns. And it’s taking the agency time to catch up.So even if you were responsible and filed your tax return well ahead of the crowd, you may still be waitin...Read More

FASTMARKETS NON-FERROUS UK SCRAP AND FOUNDRY INGOT PRICE CHANGES 03/04

April 04, 2019 / www.metalbulletin.com

The following Fastmarkets UK non-ferrous scrap and foundry ingot prices changed on Wednesday April 3:Aluminium scrapCommercial pure cuttings: ?960-1,000 per tonne...Read More

When humans settle on Mars, houses could be 3D-printed

April 03, 2019 / www.minesnewsroom.com

When the first humans settle on Mars, what if their homes were not built but printed?That's the question being posed in the latest NASA Centennial Challenge, pitting teams from industry and academia to design and 3D-print habitats using materials that can be found on the Martian surface."The great thing about 3D printing is trying to make it as autonomous as possible," said Grant McHargue, a senio...Read More

Grad student contributes to World Economic Forum index

April 03, 2019 / www.minesnewsroom.com

A Colorado School of Mines graduate student got an unique inside look at the World Economic Forum as a member of the team that produced the global organization's 2019 report on the energy transition. Steve Dahlke, a PhD candidate in the Mineral and Energy Economics program and a Payne Institute Research Fellow, was among the core team that produced "Fostering Effective Energy Transition 2019," wh...Read More

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