Key data from the pricing sessions in Asia, Europe and the United States for the session ended Friday May 15.China The UG2 chrome ore market rose once again after Chinese alloy producers with low stocks accepted higher offers. Import charge chrome prices moved up on supply tightness affecting availability. Domestic ferro-chrome spot prices climbed up on bullish sentiment following increases in...Read More
Thanks to its ammonium nitrate manufacturing plants and strength in electronic blast initiation systems, Orica has grown to become Australia's largest METS player.Read More
Copper concentrate treatment and refining charges (TC/RCs) on the spot market were now at their lowest level for the past eight months.Fastmarkets' copper concentrates TC index, cif Asia Pacific, dropped to $49.60 per tonne/4.96 cents per lb on Friday May 15. This was the first time the index has dipped below $50 per tonne/5 cents per lb since September last year.The index was calculated at $50.40...Read More
Key data from the pricing sessions in Asia, Europe and the United States for the session ended Friday May 15.China Domestic prices remained stable in an active spot market, with sentiment strengthening after the majority of steel mills raised their tender prices for May deliveries. Hesteel, China's second-largest...Read More
Editor's Note: Mining Journal is making some of its most important coverage of the COVID-19 pandemic freely available to readers. For more coverage, please see our COVID-19 hub. To subscribe to Mining Journal, click here."Over the last quarter, the COVID-19 pandemic has developed from an emerging threat into a very significant reality," Davidson said on a webinar.CRU believes Chinese cop...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 277,77134,94335,158126,023404,556438,952474,657 Change from Prior Reporting Period 2,2009,376-4,8525,9782,8753,3267,399 Traders 20445825556290158 Small Speculators LongShortOpen Interest 57,78722,082496,739 3,070-1,0036,396 non reportable positionsChange...Read More
By: Ira EpsteinGold is thrusting higher and now looking at prior highs, watch these key resistance and breakout levels. Read More
An overview of the minor metals markets and the reasons for their latest price moves.Read More
Domestic prices for ferrous scrap in Italy have jumped over the past month due to low scrap collection in Europe, sources told Fastmarkets on Friday May 15.Fastmarkets' monthly price assessment for steel scrap, No E8 (thin new production steel scrap), domestic, delivered mill Italy was ?,?240-250 ($259-270) per tonne on May 15, up from ?,?210-230 per tonne in the middle of April. The assessment is...Read More
Domestic prices for ferrous scrap in Germany have been supported by tight scrap availability in the European market, sources told Fastmarkets on Friday May 15.Supply has been reduced due to lower scrap collection volumes and reduced new scrap availability from the automotive industry because of the measures used to battle the spread of Covid-19.The construction industry in Germany remained fairly...Read More
Turkish deep-sea scrap import prices fell on Friday May 15, with a steel mill managing to book a European cargo at a lower price than shipments earlier in the week, sources told Fastmarkets. 15.A steel mill in the Marmara region booked a European cargo, comprising 20,000 tonnes of HMS 1&2 (80:20) at $238 per tonne, 6,000 tonnes of shredded at $243 per tonne and 6,000 tonnes of bonus at $248 per to...Read More
Hopes that the global economic engine fires up on the first attempt may be asking a lot given second waves of Covid-19 infections emerging, and the fact global leaders are not pulling together is not helping underlying sentiment this morning, Friday May 15, with US President Donald Trump at loggerheads with China. On the economic front, data out of China supports our view that the supply side of t...Read More
An overview of the battery raw materials markets and their price moves from the past week.Read More
In China, the domestic spot battery-grade lithium carbonate price fell by 2.3% with battery-grade hydroxide prices down by 2.9% on Thursday May 14 while weak downstream demand pressured more producers to lower prices to boost sales and the Asian seaborne lithium carbonate market fell.China's battery-grade lithium carbonate price edged down on unimproved downstream demand.China's lithium hydroxide...Read More
Brazilian steelmaker Companhia Sider??rgica Nacional (CSN) will try to apply price increases to flat steel products next month, to compensate for the recent loss of value of the local currency."With the current value of the dollar [versus the Brazilian Real], a price increase is unavoidable; it is a matter of survival," commercial director Luis Martinez said during the company's first-quarter earn...Read More
Word is, Jeff Bezos - the mastermind behind Amazon (NASDAQ: AMZN) - could become the world's first trillionaire. And people are losing their shit.Look at some of these tweets ...There are definitely a lot of folks talking about how poorly he treats his employees.And I suppose an argument could be made for that. Although I haven't seen any mass exodus of Amazon employees. Folks also argue that...Read More
Today is Thursday, May 14, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,732.55. It's up 0.11% from yesterday and up 33.44...Read More
Import prices for flat-rolled steel were either stable or higher in South America during the week to Friday May 15, with Chinese mills presenting more expensive offers while customer interest remained lackluster amid lockdowns due to Covid-19."There were no consultations for potential imports in the past few weeks in Brazil," a trader source said. "I call clients and they don't even want to listen...Read More
Today is Thursday, May 14, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Par Pacific Holdings (NYSE: PARR), Targa Resources Corporation (NYSE: TRGP), and Brigham Minerals (NYSE: MNRL).Par Pacific Holdings (NYSE: PARR)Par Pacific Holdings (NYSE: PARR) is a $417.98 million company today with a one-year return of -62.33%. Let's look at its price-to-earni...Read More