Here are five Fastmarkets stories you might have missed on Thursday February 27 that are worth another look.A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Growing Chinese copper output and an imbalance in trade terms between China a...Read More

Cobalt hydroxide payables have stabilized over the past week, with buyers taking a more hesitant approach to restocking against an uncertain backdrop for cobalt consumption and prices in the coming months. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China was unchanged at 67-69.5% of the standard-grade cobalt price (low-end) on February 26. Payables had been rising steadily si...Read More

Turkish steel mills have continued to stay away from the deep-sea scrap markets to try to keep pressure on prices, sources said on Thursday February 27.After a buying spree in the past three weeks, the mills stopped their deep-sea purchases at the beginning of this week.The mills were very active in the deep-sea scrap markets in the period from February 4-24, booking at least 22 cargoes totaling m...Read More

Growing Chinese copper output and an imbalance in trade terms between China and the west have led to a rising need for the European copper industry to guard its interests, panelists at Fastmarkets' International Copper Conference in Amsterdam said on Thursday February 27."It's difficult to say [European copper market participants] don't have to worry," chief metal officer Marco Calamia from one of...Read More

Japanese ferrous scrap export transaction prices were unchanged over the week to February 26 despite a rise in offer prices from most sellers, market sources told Fastmarkets.A rise in container freights - amid a shortage of containers - increased demand for unusual bulk scrap bookings over the week in Asian countries including India and Pakistan, while a similar pattern emerged in Taiwan, with gr...Read More

Key data from the February 27 pricing session in London. Key drivers:  Spot market reportedly tight, especially for alloy-grade units, with material held in tight hands. Spot activity has been reasonably thin while market awaits greater clarity on the economic and demand impact of...Read More

Cobalt hydroxide payables have stabilized over the past week, with buyers taking a more hesitant approach to restocking against an uncertain backdrop for cobalt consumption and prices in the coming months. Fastmarkets' cobalt hydroxide payable indicator, min 30% Co, cif China was unchanged at 67-69.5% of the standard-grade cobalt price (low-end) on February 26. Payables had been rising steadily si...Read More

Can you protect yourself against the coronavirus by taking cold showers twice a day?According to one snake oil salesman, you can.I'm not going to give you his name because I don't want him to get any further attention. But this self-proclaimed "healer," recently took to Reddit to share his "research."It was complete horseshit.While there are certainly some fascinating studies on how cold showers a...Read More

Deliveries of battery raw materials from Chinese producers to consumers in South Korea and Japan are continuing as usual despite a recent surge in the number of people infected by the novel coronavirus (2019-nCoV) in the latter two countries, Fastmarkets understands. Major exporters of battery precursor materials in China told Fastmarkets this week that they have not been requested by their custom...Read More

Here are five Fastmarkets stories you might have missed on Thursday February 27 that are worth another look.A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Growing Chinese copper output and an imbalance in trade terms between China a...Read More

Domestic prices for hot-rolled coil in Northern Europe inched up day on day on Thursday February 27, supported by long delivery times for domestic material and a lack of import offers, sources told Fastmarkets.Fastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?484.38 ($526.85) per tonne on February 27, up by ?,?0.67 per tonne day on day from ?,?483.71 per to...Read More

Based on INK Research sentiment indicator changes, this morning we downgraded the US market to overvalued. While a bounce could take place should coronavirus disease (COVID-19) worries subside, we believe it would be a mistake to aggressively add to certain positions that worked in the past. There is one big name that we believe investors should avoid right now based on our signals.The name and o...Read More

Here is what's new today on INK Ultra Money. Canadian Insider Club Ultra members have access to both premium and free content. If you are asked to sign in, select Canadian insider as your subscription website.1. Activist Short-Selling: Uncovering Fraud and the Future - Real VisionCarson Block, CIO of Muddy Waters Capital - an activist short-selling fund, joins Real Vision again to discuss activis...Read More

The Chinese domestic price for silico-manganese has drifted downward significantly in recent assessments because some alloy smelters reduced their offer prices to attract buying interest and generate cash amid the sluggish demand circumstances created by the outbreak of the 2019-nCoV coronavirus, market participants have told Fastmarkets.Fastmarkets' latest assessment of the price of silico-mangan...Read More

Here are five Fastmarkets stories you might have missed on Thursday February 27 that are worth another look.A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Growing Chinese copper output and an imbalance in trade terms between China a...Read More

A summary of Mexican long-steel producer Grupo Simec's financial performance in the fourth quarter and full year 2019.In brief Lower shipments and average steel prices per tonne in the fourth quarter reduced full-year net sales for Grupo Simec, despite higher revenues reported overseas in 2019 as a whole, the company's quarterly reported showed on Wednesday February 26. According to the company, d...Read More

Turkish rebar and wire rod prices have continued higher over the past week due to a weakening lira against the dollar, while demand for the materials has also been improving, sources said.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) domestic, exw Turkey was 3,180-3,230 lira ($517-525) per tonne on Thursday February 27, up from the 3,150-3,190 lira per tonne last week.The...Read More

Here are five Fastmarkets stories you might have missed on Thursday February 27 that are worth another look.A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Growing Chinese copper output and an imbalance in trade terms between China a...Read More

A vessel contracted by Brazil-based miner Vale is grounded off the coast of the country's north-eastern Maranh??o state, having suffered damage after leaving the Ponta da Madeira Maritime Terminal earlier this week.Vale's shipments from Ponta da Madeira were not affected by the incident, the miner said late on Wednesday February 26.The ship, a very large ore carrier (VLOC) called MV Stellar Banner...Read More

Richard Mills, Ahead of the herdWhether it's a Democrat or a Republican installed in the White House this November, you can count on fiscal discipline going out the window. Neither the incumbent, President Donald J. Trump, nor the leading Democratic contender to replace him, Bernie Sanders, appears to give a hoot about shoveling more onto the enormous pile of debt that a few months ago shot past...Read More