The price of austenitic alloy steel scrap in Europe has moved up slightly over the past week on an uptick in demand for January tonnages and improved market sentiment, sources told Fastmarkets on Friday January 10.Fastmarkets' price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, was ?1,170-1,200 ($1,530-1,569) per tonne on Friday, up by ?20 per tonne from the...Read More
Turkish steel producers ended the week with only one deep-sea cargo for February shipment, leaving prices fairly stable, sources said on Friday January 10.A steel mill in the Marmara region booked the European cargo, comprising 15,000 tonnes of HMS 1&2 (75:25), 10,000 tonnes of shredded and 15,000 tonnes of bonus at an average price of $300 per tonne cfr late on Wednesday January...Read More
Iron ore prices were rangebound on Friday January 10, although two fixed-price deals implied better risk appetite in the market, sources said.62% Fe fines, cfr Qingdao: $93.92 per tonne, down $0.45 per tonne.62% Fe Pilbara Blend fines, cfr Qingdao: $92.96 per tonne, down $0.50 per tonne.62% Fe low-alumina fines, cfr Qingdao: $95.03 per tonne, down $0.19 per tonne.58% Fe fines high-p...Read More
Seaborne coking coal prices moved up sharply on Friday January 10 as Chinese participants continued to drive buying activity.Fastmarkets indicesPremium hard coking coal, fob DBCT: $153.53 per tonne, up $5.23 per tonnePremium hard coking coal, cfr Jingtang: $158.10 per tonne, up $0.75 per tonne Hard coking coal, fob DBCT: $122.33 per...Read More
Bulk scrap purchasing in the Bangladesh import market is under pressure, largely due to inflated inventories of material and high offer prices, market sources told Fastmarkets on January 10."In the past three to four months, when nobody else in the Indian subcontinent was buying much, Bangladesh bought. But now, after this purchasing, everyone has high stocks on hand," one mill source in the count...Read More
Higher Kanto Tetsugen auction prices have bolstered sentiment in Asia for Japanese scrap, but demand for deep-sea cargoes from the United States' West Coast has faltered in both Vietnam and Taiwan.VietnamFastmarkets' price assessment for bulk cargoes of steel scrap HMS 1&2 (80:20), cfr Vietnam was $300 per tonne cfr on Friday January 10, narrowing downwards $5 per tonne from last week.There were t...Read More
The three-month aluminium price on the London Metal Exchange was little moved during morning trading on Friday January 10 and consolidated around $1,800 per tonne despite a fresh cancelation of some 17,650 tonnes. Aluminium's outright price on the LME was recently at $1,803.50 per tonne this morning, unchanged from its closing price on Thursday, while volumes traded in the metal were thin at less...Read More
Base metals on the Shanghai Futures Exchange were mixed but confined to narrow ranges during morning trading on Friday January 10, with participants staying fairly cautious ahead of key employment data out of the United States later.While tensions between the US and Iran continue to ease, markets are switching focus back to the global economic outlook and the next major indicator of that, the US'...Read More
Key data from the January 10 pricing session in London.Key drivers- Cobalt prices continue to become firmer in the second half of the week ended Friday January 10, with market participants reporting a mix of trader, fund and consumer inquiries, to which sellers have gradually increased their offer prices.- Producers were believed to be comfortably sold,...Read More
Key data from the pricing sessions in Europe, Asia and the United States for the week ending Friday January 10.Europe The ferro-manganese and silico-manganese markets rose following a steady increase in manganese ore prices in recent weeks. Alloy producers were keen to pass on the increased cost of ore to their customers, although consumers in the steel sector have been slow to show much buying in...Read More
An overview of the Chinese minor metals markets and the reasons for their latest price moves.Read More
The price of stainless steel in Europe decreased this week on lower monthly alloy surcharges for January, sources told Fastmarkets on Friday January 10. Fastmarkets' weekly price assessment for stainless steel cold-rolled sheet, 2mm, grade 304 transaction domestic, delivered North Europe was ?,?2,050-2,100 ($2,277-2,333) per tonne on January 3, down by ?,?40-50 per tonne...Read More
The United States' ferrous scrap market appears to have peaked, with buyers and sellers concurring that there is no further upside left for prices in February, but participants were mixed on where the market will head next month. "For this cycle, for sure it feels like the market has peaked. The only question, in my mind, is how soon does the market start to give back some of the gains from the la...Read More
Sudan has begun allowing private traders to export gold, a measure designed to c...Read full newsRead More
Sudan has begun allowing private traders to export gold, a measure designed to c...Read full newsRead More
Newmont Goldcorp gold shipments refers to the volume of physical gold shipped/sold by the company from its gold mining operations in the United States, Australia, Peru, Ghana, Canada, New Zealand, and Mexico.The company's proven and probable gold reserves stood at 65.4 million ounces...Read full newsRead More
Harmony Gold Mining Company has moved higher as of late, but there could definitely be trouble on the horizon for this company.Read full newsRead More
"$RAMPF - Dividend Growth Thesis Starting To Play Out At Polaris Infrastructure. Continue reading: https://t.co/NlIPP8tHEJ #economy #stockmarket #stocks"Read full newsRead More
"$GDX - GDX Weekly: Price Discovery Lower From December's Key Supply To 28s. Get more info on Seeking Alpha: https://t.co/nPgUaDEmhw #trading #investing #stockmarket"Read full newsRead More
"$XLU - XLU Weekly: Balance Development Early Week Before Price Discovery Higher Toward Key Resistance. Subscribe to Seeking Alpha for more: https://t.co/8FftpsqbcL #investing #stockmarket #economy"Read full newsRead More