Importers of ferrous scrap were lured back to market in the week ended Friday November 19 by lower prices, which were precipitated by a period of lackluster buying activity.?EUR?Turkish mills' import prices rebounded by the week's end after deals at lower prices?EUR?US sales halted with exporters reluctant to reduce their selling prices?EUR?Vietnamese buyers were actively seeking more material aft...Read More
Prices for shredded steel scrap imported into Pakistan and India moved down after both markets weakened in the seven days to Friday November 19, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $560.18 per tonne on Friday, compared with $564.21 per tonne a week earlier.Deals were heard at $563-565 per tonne this we...Read More
Bulk freight rates for key steel products have receded over recent weeks amid shrinking port congestion in China and improved vessel availability, sources have told Fastmarkets.A slowdown in Chinese commodity imports, coming at a time of crashing steel prices in the country, has allowed congestion at the country's ports to unwind in recent weeks, markets participants said.Freight rates first dropp...Read More
An overview of the new energy materials markets and their price moves in the week to Friday November 19.Susan Zou, Yingchi Yang and...Read More
China's Ministry of Industry & Information Technology (MIIT) is conducting a public consultation on its proposed standards of the lithium-ion battery industry. The proposed standards - released on Thursday November 18 - detail the requirements for battery energy density and specific capacity.In the proposal, the energy density for consumer electronics batteries need to stay above 260 watt hour (Wh...Read More
Lithium prices in China were stable in the week to Thursday November 18 due to limited spot trading activity, while seaborne East Asian prices were flat amid similar conditions.Chinese lithium prices stable amid limited spot trading ahead of month-end restocking.Seaborne East Asian prices similarly unchanged in quiet conditions.Lithium prices in Europe and the United States continue to strengthen...Read More
On Monday, November 15, all three major indexes - the Dow, the S&P 500, and the Nasdaq - looked poised to run red for the week. On Tuesday, we saw a strong reversal in the downtrend. Then we saw a reversal of the reversal on Wednesday, and here we are today - heading into the weekend with markets moving but in no particular direction, as highlighted in the 10-day "Big Three" chart.Or are they?Look...Read More
Weaker demand combined with lower offers from all origins, spearheaded by recent Chinese price falls, put further downward pressure on South American flat-rolled steel import prices in the week ended Friday November 19.Despite offers from China continuing to drop - in what was widely considered by market participants to be short-selling from traders - buyers remained hesitant about booking new car...Read More
Domestic hot-rolled coil prices in Northern Europe and Italy were stable on Friday November 19 due to slow trading activity, sources have told Fastmarkets.Northern European steelmakers continued to give discounts for fourth-quarter-rolling HRC. Coil for prompt shipment became available in the spot market at lower prices because it was originally intended for shipment to automotive sector buyers.De...Read More
The risks that the Chinese government will introduce export duties on steel products will increase if export volumes surge when prices stabilize again after the recent decline, market sources told Fastmarkets over the week to Friday November 19."A sharp rebound in export volumes will draw attention from the central authorities," a Shanghai-based trader said.Fears have emerged that the Chinese gove...Read More
Brazilian apparent steel consumption fell by 5.95% in October, from the same month in 2020, largely influenced by lower domestic shipments of flat steel from mills, according to data published by the steelmakers' association, Instituto A??o Brasil, on Friday November 19.Apparent consumption totaled 1.96 million tonnes during the month, down from 2.09 million tonnes a year before, A??o Brasil said....Read More
Crude steel output in Germany increased by 7% year on year in October, the German steel federation, WV Stahl, said on Friday November 19.German crude steel production totaled 3.66 million tonnes in October, up from 3.42 million tonnes in October last year.Steel output from Germany's basic oxygen furnaces - mainly used in the production of flat steel - rose by 13.2% year on year to...Read More
Slow demand and cheaper imports have quashed attempts by steel rebar producers in Poland to boost prices, sources told Fastmarkets on Friday November 19.Trading activity in the Polish rebar market has been slow this week, those sources said - because local distributors and stockholders have enough material in stock, they have not been looking to make bookings.As well, end-user demand from the cons...Read More
Importers of ferrous scrap were lured back to market in the week ended Friday November 19 by lower prices, which were precipitated by a period of lackluster buying activity.?EUR?Turkish mills' import prices rebounded by the week's end after deals at lower prices?EUR?US sales halted with exporters reluctant to reduce their selling prices?EUR?Vietnamese buyers were actively seeking more material aft...Read More
Prices for shredded steel scrap imported into Pakistan and India moved down after both markets weakened in the seven days to Friday November 19, sources told Fastmarkets.PakistanFastmarkets calculated its weekly steel scrap, shredded, index, import, cfr Port Qasim, Pakistan at $560.18 per tonne on Friday, compared with $564.21 per tonne a week earlier.Deals were heard at $563-565 per tonne this we...Read More
Kinesis Money, Released on 11/19/21In this week's Live from the Vault, Andrew Maguire explains the significance of gold rising alongside the US dollar and reveals the silver market footprints signaling a rally. The lifelong wholesaler expertly unpacks Monday's COT report and predicts the gold price sweet spot ahead of BIS Options Expiry.00:00 Start01:40 The last two weeks in gold and silver09:00 S...Read More
Liberty and Finance, Released on 11/18/21Renowned constitutional attorney Dr. Edwin Vieira returns to Liberty and Finance to explain the plan that has pervaded the political landscape to destroy the republican state.Find Dr. Vieira's Writings online: https://newswithviews.com/author/edwi...0:00 Intro1:00 Upset in Virginia31:30 No rule of law44:10 End of the republic57:10 The technocratic stateThe...Read More
TradersChoice.net, Released on 11/19/21Gregory Mannarino started his career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. After realizing that working on Wall Street was not like the movies, he moved on to get a medical degree and practiced medicine as a Physician Assistant. He also served in the United States Naval Reserve Medical Service Co...Read More
The Daily Gold, Released on 11/18/21Two of my updated analogs show that Gold could break $1900 in March 2022 and begin its ascent shortly thereafter. Jordan Roy-Byrne, CMT is a Chartered Market Technician and member of the Market Technicians Association.. He is the publisher and editor of TheDailyGold Premium, a publication which emphasizes market timing and stock selection for the sophisticated i...Read More
Trends Research, Released on 11/18/21Gerald Celente is a pioneer trend strategist and founder of The Trends Research Institute. He is the author of the national bestseller Trends 2000: How to Prepare for and Profit from the Changes of the 21st Century and publisher of the internationally circulated Trends Journal newsletter. Gerald Celente is a political atheist. Unencumbered by political dogma, r...Read More