"The first demand is always outrageous, but I don't think anyone expects to conclude at that level," a representative of one mining company, who requested anonymity, told Mining Journal.Read More
Key data from the pricing sessions in Asia for the week ended Friday July 19.Key drivers- Bismuth prices rebounded after hitting a decade low at 40,500-41,500 yuan ($5,884-6,029) per tonne on July 12. - Some traders reckon that tight supply supported spot prices above 41,000 yuan per tonne...Read More
- PlungerThis weekend I would like to review the state two markets. The general stock market and the precious metals market. Following this I will give an update on Plungers Core-7 portfolio.Consider this report an opportunity to read an alternative view of the markets. My views of the major averages are certainly at odds with consensus opinion. Furthermore, they are also at odds with th...Read More
Traders dumped stocks in the final hour on Friday, hinting that there actually is a threshold at which bad news begins to matter. For one, Black Rock, arguably the smartest money on the planet, reported a 7% drop in profits. If they can't cut it, is there any hope for the rest of us? In the Middle East, Iran was doing more than merely rattling its saber: agents of the mullahs boarded and seize...Read More
* GRAPHIC-2019 asset returns: (Updates with closing prices)By Eric OnstadLONDON, July 22 (Reuters) - Nickel prices fell on Monday asspeculators locked in profits by liquidating bullish positionsafter the market surged to levels not supported by currentsupply-demand fundamentals.Other industrial metals prices were also in the red, underpressure from a firmer dollar and uncertainty about globalecono...Read More
Trade log for cobalt sulfate in China including transactions, bids and offers reported to Fastmarkets MB. Fastmarkets MB prices Click here for Fastmarket MB's price assessment for cobalt sulfate 20.5% Co basis, exw China, yuan/tonneClick here for Fastmarket MB's price assessment for the cobalt sulfate 20.5% Co basis, adjustment to standard-grade cobalt low-end price, exw China, $/IbClick here...Read More
The Turkish domestic scrap markets remained mostly quiet last week due to the slow finished steel markets and the seasonal summer slowdown, sources said on Monday July 22.Steel mills kept their buy prices for auto bundle scrap flat, and ship scrap prices were also stable.Fastmarkets' weekly price assessment...Read More
A Turkish steel mill has completed the purchase of a new deep sea cargo, moving import prices into the country upward, sources told Fastmarkets on Monday July 22.News of this cargo came to light on Monday but it was reported to have sold on July 19.A steel mill in the Marmara region bought a Baltic Sea cargo comprising 30,000 tonnes of HMS 1&2 (80:20) at $295...Read More
Rising tension over Iran and a reduction in expectations on the size of the next US Federal Reserve rate cut were weighing on sentiment this morning, Monday July 22.Last week the market started to price-in a 50-basis-point cut in the US benchmark interest rate at the Federal Open Market Committee's (FOMC) July 30-31 meeting, but now a 25-basis-point cut now seems more likely.Tensions in the Middle...Read More
ERG has appointed Telf AG the exclusive offtaker for cobalt hydroxide produced at its Metalkol Roan Tailings & Reclamation (RTR) project in the Democratic Republic of Congo (DRC), Fastmarkets understands. Telf will market all saleable material produced at RTR, excluding any sent to Chambishi for refining into metal. Production at Chambishi restarted last month. RTR started production late last yea...Read More
Your phone sucks.It's not your fault.They all suck.It doesn't matter if you have the latest iPhone, Samsung Galaxy, or Google Pixel... the smartphones we use today are garbage compared to those we'll be using in just a few years.Just think: 15 years ago, you were using a Blackberry or something like this:Garbage.The next generation of mobile technology, known as 5G, is dawning. And - believe the h...Read More
China's hot-rolled coil prices regained some strength on Monday July 22 after local authorities in Tangshan, the steelmaking hub in northern China, reiterated production cuts for steelmakers under their jurisdiction.DomesticEastern China (Shanghai): 3,880-3,900 yuan ($564-567) per tonne, up 20 yuan per tonneNorthern China (Tianjin): 3,850-3,860 yuan per tonne, up 10 yuan per tonneSpot prices rose...Read More
Thank you for joining us in a weekly technical look at the mid-cap-oriented INK Canadian Insider (CIN) Index. Last week, the INK Canadian Insider Index remained in its tight sideways multi-week consolidation, adding 3.11 points to close at 1122.78. MACD ticked down 0.1 points to -0.4. RSI added 1.73 points to 57.71.Support is now at 1108.96 (200-day moving average) and 1107.80 (50-day moving ave...Read More
Weaker demand from the automotive market and high mill capacity have softened cold-heading quality (CHQ) wire rod prices, while high carbon wire rod prices remained flat from the previous month. Fastmarkets AMM's monthly pricing assessment for cold-heading quality wire rod North American delivered duty paid Great Lakes region dropped to $39.50 per hundredweight ($790 per short ton) on Fr...Read More
The United States Department of Commerce has revised the final dumping and subsidy margins, and cash deposit rates, to be imposed on imports of rebar from Turkey.These were based on affirmative final determinations by Commerce and by the US International Trade Administration, published on July 18.Commerce determined that several companies "received countervailable subsidies during the period of re...Read More
China's rebar prices increased slightly on Monday July 22 on concerns that the country's steelmaking hub in the north would tighten production curbs over the remainder of this month.Domestic Eastern China (Shanghai): 3,970-4,000 yuan ($577-581) per tonne, up 10 yuan per tonneNorthern China (Beijing): 3,900-3,930 yuan per tonne, up 10-20 yuan per tonneA steelmaker in Tangshan was reported to have i...Read More
The Turkish domestic scrap markets remained mostly quiet last week due to the slow finished steel markets and the seasonal summer slowdown, sources said on Monday July 22.Steel mills kept their buy prices for auto bundle scrap flat, and ship scrap prices were also stable.Fastmarkets' weekly price assessment...Read More
July 19th, 2019(S14-E705)Featured GuestsBill Murphy& Bob HoyePlease Listen HereInterview RecapBill Murphy of GATA.org returns to the show with fresh insights on the recent PMs shares rally that continues to parallel the success of the US shares. One positive contrarian indicator, coin shop owners are telling our guest that demand remains sluggish, despite the strong upward market activity. Joh...Read More
- PlungerThis weekend I would like to review the state two markets. The general stock market and the precious metals market. Following this I will give an update on Plungers Core-7 portfolio.Consider this report an opportunity to read an alternative view of the markets. My views of the major averages are certainly at odds with consensus opinion. Furthermore, they are also at odds with th...Read More