By: Ira EpsteinMarkets trying to figure this out. You could get a situation where gold benefits. Gold has been in a bit of a corrective mode on the weekly..Read More

Gold prices would have crashed to $1400 BUT for the corona virus and is multiplier effect in the form of short term global slowdown and interest rate cut trend for the rest of the year. US economic data releases point to a strong growth. China has cut custom duties on US imports. Trade war theme of last year has now evaporated. I am not giving a bearish view. I am just trying to tell that if gro...Read More

An overview of the battery raw materials markets and their price moves from the past week.Read More

The inter-merchant spot market for light iron scrap in the UK dropped by 11.1% in the week ended Friday February 7, with domestic prices broadly reflecting similar moves in the European export markets to Turkey and the Indian subcontinent over the same period, sources have told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant,...Read More

WoodMac's best case scenario is that demand from this sector would be delayed to later this year. "As a result, we believe that there is now a significant downside risk to our forecast of 0.Read More

The price of austenitic stainless steel scrap in the UK domestic market widened upwards on slightly firmer nickel costs, sources told Fastmarkets on Friday February 7. Fastmarkets' price assessment for stainless steel scrap 18/8 solids, domestic, delivered merchants UK, was ?750-790 ($972-1,024) per tonne on Friday, up...Read More

Turkish steel producers continued to book deep-sea scrap cargoes at the end of the week to replenish their low stock levels, sources said on Friday February 7.A steel mill in the Iskenderun region booked a US cargo at $260 per tonne cfr for HMS 1&2 (80:20), although the cargo breakdown was not clear at the time of publication.This compares with a previous US cargo sold at a similar price on Thursd...Read More

The broad-based rally across markets that started on Monday finally halted this morning and consolidation is setting in. And, given there is still so much uncertainty around the impact of the Wuhan coronavirus (2019-nCoV), a pause for reflection seems logical.This is especially so for the metals markets, with China such a big player on both the demand and supply side of the equation and where...Read More

Ontario's government is helping the Shingwauk Education Trust (SET) provide culturally relevant education to its Indigenous students, contributing to their future success.Today, Ross Romano, Minister of Colleges and Universities and MPP for Sault Ste. Marie, on behalf of Greg Rickford, Minister of Energy, Northern Development and Mines and Minister of Indigenous Affairs, announced an investment of...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday February 7.China The seaborne price of low-grade manganese ore rose after buyers accepted higher offers for March-delivery cargoes.Higher alloy and portside ore prices also supported the high- and low-grade seaborne markets.Hebei Steel, China's second-largest steel mill - raised its tender price...Read More

An overview of the battery raw materials markets and their price moves from the past week.Read More

Today is Friday, February 7, 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 $1,572.70. It's up 0.40% from yesterday and up 20....Read More

Today is Friday, February 7, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of BP Prudhoe Bay Royalty Trust (NYSE: BPT), Denbury Resources (NYSE: DNR), and Archrock (NYSE: AROC).BP Prudhoe Bay Royalty Trust (NYSE: BPT)BP Prudhoe Bay Royalty Trust (NYSE: BPT) is a $156.86 million company today with a one-year return of -69.58%. Let's look at its price-to-e...Read More

Cobalt trade log including business, bids and offers reported to Fastmarkets. Unless otherwise stated, all prices are per lb on an in-warehouse (in-whs) basis. Delivered prices are netted back. Fastmarkets prices Click here for Fastmarkets' price assessment for standard-grade cobalt, in-whs Rotterdam, $/lb. Click here for Fastmarkets' price assessment for alloy-grade cobalt, in-whs Rotterdam, $/lb...Read More

European hot-rolled coil producers have been resisting buyers' attempts to achieve lower prices, sources told Fastmarkets on Friday February 7.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?471.67 ($518.40) per tonne on Friday February 7, up by ?,?1.49 per tonne day on day from ?,?470.18 per tonne a day earlier.Buyers bid for the material at ?,?460-465 p...Read More

Prices for imports of commercial-grade hot-rolled coil into India have dropped by $35 per tonne in the past week after Japan-origin coils were offered to Indian importers at $490-495 per tonne cfr Chennai port.Fastmarkets' price assessment for steel HRC, import, cfr main port India, on Friday January 7 was $490-495 per tonne, down from last week's assessment at $525-530 per tonne.But importers hav...Read More

Hot-rolled coil prices in Turkey fell in the week to Friday February 7, with demand still limited because buyers were waiting for some clear direction before placing orders.Scrap prices also continued to fall, with Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), Northern Europe origin, cfr Turkey, was $252 per tonne on February 6, down from $263.54 per tonne on January 31.HRC export...Read More

China's domestic rebar prices remained unchanged on Friday February 7 amid weak trading despite an expected rise in construction activity from next week.Eastern China (Shanghai): 3,360-3,400 yuan ($481-487) per tonne, unchangedNorthern China (Beijing): 3,540-3,560 yuan per tonne, unchangedMany construction projects in Shanghai are scheduled to resume work next week, though a few of them have put o...Read More

Prices in Southeast Asia's steel billet market have tumbled over the past week amid speculation that Chinese billet importers could annul contracts on the grounds of virus-related force majeure. Market participants are concerned that any revoked transactions could result in low-priced material being offered to Southeast Asia, placing pressure on regional billet prices. Billet suppliers affected in...Read More

The latest bids, offers and deals in the global markets for rebar, wire rod, steel beams and other long steel products.Latest transaction:Rebar East China, domestic, grade III...Read More