An overview of the minor metals markets and their latest price moves.Read More

The long-term impact of China renaming scrap metal as renewable material remains to be seen, sources said, citing a potential increase in scrap exports from the United States to the Asian nation, although China's scrap import quota system will continue through 2020.The impact of China restricting scrap imports was felt keenly in the US for much of 2019, which saw an oversupplied market with soft d...Read More

Austenitic stainless steel scrap prices in Europe were largely stable this week on relatively stable nickel costs, Fastmarkets heard on Friday January 17.Fastmarkets' price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, was ?1,170-1,200 ($1,528-1,567) per tonne on Friday, unchanged week-on-week.The corresponding...Read More

The price of ferrous scrap imported into India dropped this week after a sudden sharp fall on the international scrap market had a knock-on effect, sources have told Fastmarkets.Fastmarkets' calculation of the steel scrap, shredded, index, import, cfr Nhava Sheva, was $313.61 per tonne on Friday January 17, down from $317.35 per tonne on January 10.This was the first time the price had fallen sinc...Read More

Key data from the pricing sessions in Europe, Asia and the United States for the week ended Friday January 17.China The seaborne price of low-grade manganese ore rose due to deals achieved at a higher price for March-delivery cargoes on Friday. The seaborne price of high-grade manganese ore was stable amid a lack of activity among producers and sellers. China's domestic portside manganese ore pric...Read More

Cobalt prices consolidated at higher levels in the second half of the week ended Friday January 17, with traders continuing to restock and consumers looking for inventory top-ups.The price for cobalt, standard grade, in-whs Rotterdam, rose by 1.55% to $16.00-16.70 per lb on Friday, up from $15.70-16.50 per lb midweek, when it was unchanged from the end of last week.Fastmarkets' corresponding price...Read More

Today is Friday, January 17, 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 $1,561.45. It's up 0.57% from yesterday and up 20....Read More

Today is Friday, January 17, 2020, and this is your daily oil stocks roundup. Today we're looking at the valuations of Helmerich & Payne (NYSE: HP), ConocoPhillips (NYSE: COP), and Viper Energy Partners LP (NASDAQ: VNOM).Helmerich & Payne (NYSE: HP)Helmerich & Payne (NYSE: HP) is a $4.943 billion company today with a one-year return of -14.46%. Let's look at its price-to-earnings (P/E) ratio, its...Read More

Cash is dying as a payment system. And I say, "good riddance."Today, cash is used in less than 30% of U.S. transactions - that's about half as much as it was used just 10 years ago. And within the next 15 years, it's expected that cash will be used in only 10% of transactions.The main reason for this is, of course, convenience. There is no conspiracy to eliminate cash in some nefarious effort to s...Read More

Domestic hot-rolled coil prices in Northern Europe are expected to rise next week on a lack of competitive import offers and an improvement in demand, sources told Fastmarkets on Friday January 17.Fastmarkets' daily steel HRC index domestic, ex-works Northern Europe, was ?,?443.78 ($494.67) per tonne on Friday, up by ?,?0.68 per tonne from ?,?443.10 per tonne the previous day. Over the past week,...Read More

Import prices of flat-rolled steel in South America made no clear trend for the week while negotiations between sellers and buyers for March shipments intensified and put some markets under pressure ahead of the Chinese New Year break (January 24-30).Fastmarkets assessed the price for steel hot-rolled coil import, cfr main ports South America at $530-555 per tonne on Friday January 17, up from $52...Read More

Traders reported a spike in interest for China-origin hot-rolled coil in the export market on Friday January 17 amid limited offers from mills ahead of the Chinese New Year break next week.DomesticEastern China (Shanghai): 3,860-3,880 yuan ($561-564) per tonne, unchangedNorthern China (Tangshan): 3,590 yuan per tonne, unchangedPrices were unchanged with sellers keeping offers stable amid the pre-h...Read More

Prices in Southeast Asia's steel billet market fluctuated over the week to Friday January 17 amid improving demand from the Philippines, although market participants were bearish on price levels following the decline in ferrous scrap prices. Ferrous scrap prices in the bellwether Turkish import market fell by more than $15 per tonne on Thursday amid poor rebar sales and lower scrap collection pric...Read More

China's domestic rebar prices remained flat on Friday January 17 amid inactivity, though the futures market gained some strength following the release of economic data for 2019.Eastern China (Shanghai): 3,640-3,670 yuan ($529-533) per tonne, unchangedNorthern China (Beijing): 3,540-3,560 yuan per tonne, unchangedChina's domestic gross product grew by 6.1% last year, the country's National Bureau o...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: rebarRebar East China, domestic, grade...Read More

Austenitic stainless steel scrap prices in Europe were largely stable this week on relatively stable nickel costs, Fastmarkets heard on Friday January 17.Fastmarkets' price assessment for stainless steel scrap 316 solids, domestic, delivered merchants UK, was ?1,170-1,200 ($1,528-1,567) per tonne on Friday, unchanged week-on-week.The corresponding...Read More

The price of ferrous scrap imported into India dropped this week after a sudden sharp fall on the international scrap market had a knock-on effect, sources have told Fastmarkets.Fastmarkets' calculation of the steel scrap, shredded, index, import, cfr Nhava Sheva, was $313.61 per tonne on Friday January 17, down from $317.35 per tonne on January 10.This was the first time the price had fallen sinc...Read More

The inter-merchant spot market for light iron scrap in the UK was up by ?5 ($6.53) per tonne in the week ended Friday January 17, tracking higher prices settled for monthly domestic deliveries to British consumers in January while steady export demand buoyed the country's scrap markets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK...Read More

Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 376,80957,574137,119221,358571,177735,286765,870 Change from Prior Reporting Period -6,671-3,615-2,24418,90612,6449,9916,785 Traders 22466835759312181 Small Speculators LongShortOpen Interest 61,59731,013796,883 1,0354,24111,026 non reportable positionsCh...Read More

Indian domestic prices for secondary steel billet fell by 700 rupees ($10) per tonne in the week ended Friday January 17, with makers of finished steel products reducing their purchases of semi-finished steel in the wake of falling demand for long products such as rebar.The price of steel billet, domestic, ex-works India, assessed by Fastmarkets on January 17, fell by 700 rupees per tonne to 29,70...Read More