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STRONG Amount Of Physical Silver Standing For Delivery, Paper Trading Volume EXTREMELY LOW

May 05, 2020 / www.silverdoctors.com

Silver open interest is falling by huge amounts as well. Here are several things happening alongside the loss in open interest...by Harvey Organ of Harvey Organ BlogMAY 4//GOLD UP $12.00 TO $1705//SILVER DOWN 5 CENTS TO $14.81//A HUGE 25.6 TONNES OF GOLD IS STANDING IN THIS NON ACTIVE MONTH OF MAY//46 MILLION OZ OF SILVER STANDING//KEY FINDINGS FROM THE 5 I'S WITH RESPECT TO THE ORIGINS OF THE COR...Read More

COKING COAL DAILY: Gloomy outlook for Indian demand despite easing restrictions

May 06, 2020 / www.metalbulletin.com

Seaborne coking coal prices were unchanged on Tuesday May 5 in the absence of Chinese market participants observing a holiday for Labor Day, but pessimism is growing amid a negative outlook for Indian demand.Fastmarkets indicesPremium hard coking coal, fob DBCT: $107.12 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $117.33 per tonne, unchangedHard coking coal, fob DBCT: $93.26 per to...Read More

RESEARCH: Key takeaways from the latest Base Metals Market Tracker

May 06, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: 'Sell the rally' mentality here to stayAlthough the London Metal Exchange aluminium price has managed to recover modestly from recent lows, we suspect this is mostly short-covering. The lack of producer restraint, growing exchange inventories, a weak demand outlook and the 7 million tonnes of oversupply forecast f...Read More

RESEARCH: Key takeaways from the latest Base Metals Market Tracker

May 06, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: 4-million-tonne surplus for 2020We have made further downward revisions to our aluminium demand expectations for 2020 and, although there have been smelter capacity reduction in China too, the net effect is that our forecast for the global surplus this year has swelled to 4 million tonnes, from 2.7 million tonnes...Read More

RESEARCH: Key takeaways from the latest Aluminium Market Tracker

May 06, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.Average LME aluminium price down by 2.5% week on weekAlthough LME aluminium began this week on the rebound, prices extended their recent downtrend further last week, approaching the $1,400-per-tonne level. The weekly average LME aluminium cash price was down 2.5% last week to $1,432.50 per tonne from previous week's $1,469.6...Read More

Key takeaways from the latest Base Metals Market Tracker

May 06, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.Aluminium: OversoldAluminium has been the hardest hit base metal over the past week, after relentless selling pressure took it to fresh multiyear lows while its LME peers generally consolidate or try to rebound. Aluminium is seeing far less in the way of supply restraint or disruptions than the other metals. But this market...Read More

Key takeaways from the latest Galvanized Steel & Tinplate market tracker

May 06, 2020 / www.metalbulletin.com

Global markets are contracting in the face of the Covid-19 pandemic, and the prices for flat steel products continue to retreat, with prices for coated steels down by a further 5% since late March in most of the markets that Fastmarkets tracks.The latest edition of Fastmarkets' Galvanized Steel and Tinplate Market Tracker, for April 2020, is now available to view.Further price falls are almost cer...Read More

Key takeaways from the latest North American Steel Market Tracker

May 06, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.Despite these unprecedented times, US sheet prices moved in line with our expectations over the past month. While we maintain our view on the direction of pricing during 2020 and the length of the pricing downturn, as the Covid-19 crisis deepens we have increased the magnitude of the price declines through the second quarter...Read More

Key takeaways from the latest Welded Linepipe & OCTG Market Tracker

May 06, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.As oil price stumbles, outlook for welded markets weakensIn February, oil prices, already hit by the economic slowdown in Asia, turned lower on the failure of OPEC+ to reach an agreement on production cuts. This was enough to shake oil markets, but the collapse of global demand due to the pandemic has driven Brent below $30/...Read More

The latest edition of the Seamless OCTG & Linepipe Market Tracker is ready to view

May 06, 2020 / www.metalbulletin.com

The new issue of the Seamless OCTG & Linepipe Market Tracker is now online at metalbulletinresearch.com.In this edition, Fastmarkets' research team delivers analysis of seamless OCTG and linepipe across international markets:Covid-19 underscores pipe outlookUnsurprisingly, the concern in the seamless pipe markets across the regions is the effect of the spread of Covid-19 on public health and econo...Read More

RESEARCH: Key takeaways from the latest Ferro-alloys Market Tracker

May 06, 2020 / www.metalbulletin.com

Ferro-alloys prices have generally retreated over the past month, with demand concerns gaining in prominence.The latest forecasts from Fastmarkets' team of analysts are ready to view.Ferro-alloy pricing trends have generally diverged ove the past month, depending on the security of the supply-side position of the market. With most supply concerns fading with the resumption of industrial activity i...Read More

Key takeaways from the latest Ferro-Alloys Market Tracker

May 06, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloy forecast highlights:While the ferro-alloy industry's initial response to the Covid-19 outbreak was marked by rising prices primarily in response to supply-side concerns, focus has now shifted somewhat. As Chinese activity slowly returns to more normal levels, for alloys with a strong Chinese prod...Read More

RESEARCH: Key takeaways from the latest Steel Scrap and Metallics Market Tracker

May 06, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.The first quarter continued the trend of 2019 - for China to actively import relatively cheap metallics and semi-finished steel - but can this be sustained? The answer to this question will come down to the price competitiveness of the products, we believe. One additional incentive to continue to import metallics this year -...Read More

RESEARCH: Key takeaways from the latest Steel Raw Materials Market Tracker

May 06, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.The recent decline in Chinese scrap prices - to their lowest in a couple of years - even as demand rises, suggests that Chinese scrap supply is increasingly sufficient. In terms of scrap demand, the question is more about price attractiveness. Mini-mills were reducing demand in February, largely because steel margins on scra...Read More

RESEARCH: Key takeaways from the latest Steel Raw Materials Market Tracker

May 06, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.While downward pressure mounts on the steelmaking raw material markets, premiums for higher-grade iron ores have been sustained despite narrowing operating margins at Chinese steelmakers. Chinese mills are operating with shrinking margins since the end of last year but the premium for high-grade ores remains high. Historical...Read More

Key takeaways from the latest Steel Raw Materials Market Tracker

May 06, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.This week Fastmarkets' analysts and price reporters shared their views and recent findings in a webinar revealing some distinct fundamental tensions for steel, refining alloys and, of course, steelmaking raw materials such as iron ore.While the outlook for chrome and manganese ores and alloys is balanced, as far as market pa...Read More

Key takeaways from the latest Stainless Steels Tracker

May 06, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts is ready to view.Stainless steel prices have fared relatively well over the past couple of months in the face of the threat from the Covid-19 pandemic.In grade-304 material, the most common grade of stainless steel, prices were down by about 5-7% since the turn of the year - not bad, when compared with the falls in prices of other assets so f...Read More

Key takeaways from the latest Stainless Steels Market Tracker

May 06, 2020 / www.metalbulletin.com

The latest forecasts from Fastmarkets' team of analysts are ready to view.Having first hit Asia during early 2020, the Covid-19 viral outbreak is now having an even bigger impact on European countries and the US. Widespread lockdown measures have been put in place on people and industry, and economic activity has slowed markedly.For now, stainless steel markets in Europe and the US are yet to show...Read More

Africa Snapshot: Eight companies active on the continent

May 05, 2020 / www.canadianminingjournal.com

Africa offers pre-production and operating companies large areas of underexplored prospective terrain and, in many countries, established mining legislation. West Africa, in particular, has attracted many explorers, developers and producers looking to deliver competitive returns for shareholders. Notably, a number of countries on this continent have a free carried interest provision, whereby they...Read More

Mexican ferrous scrap prices edge up on low availability, occasional deals

May 06, 2020 / www.metalbulletin.com

Mexican scrap prices were stable or higher last week as low availability for some grades led to exceptional deals at increased prices, according to sources.Market participants reported that some scrap buyers had planned a 200 pesos ($8) price cut for last week, but by the end of the week such changes were not applied."In the whole month of April, buyers announced price cuts of around 1,000 pesos,...Read More

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