Here are five Fastmarkets MB stories you might have missed on Wednesday November 20 that are worth another look.Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil rose during the week to November 19 due to improved buying interest amid gains in upstream hot-rolled coil prices, market participants told Fastmarkets.Aluminium premiums in Europe and the United States declin...Read More
By: Gary SavageThe bullion banks have been able to take gold down at will, dumping gold contracts usually in the pre-markets..http://blog.smartmoneytrackerpremium.com/Read More
- Stewart Thomson, Graceland Updates 1. Top US politicians describe the US economy as the "mightiest of all time". 2. Please click here now. Houston, we have a problem! The next tariff tax deadline is now only about three weeks away. 3. While Trump's diehard fans may want him to hike these taxes again if China doesn't "play ball", massive FOREX liquidity fl...Read More
By: Ira EpsteinGold formally ended a downtrend phase. $1,456.60 is swingline support short-term..Read More
David Becker6 hours ago (Nov 20, 2019 7:16 PM GMT)Gold prices were nearly unchanged on Wednesday as the Fed’s meeting minutes did little to change the view for gold prices. US yields continued to move lower, which shows that the market is concerned about future growth especially if a trade deal is not reached. There are rumblings that Trump is getting restless with the Chinese and the Chine...Read More
If you are a producer or consumer, or are active in the physical markets, then you had better be aware of a new set of regulations that will make it all the more important for you to choose the right logistics partner from next year.The International Maritime Organization (IMO) has ruled that from January 1, 2020, the marine sector will have to reduce sulfur emissions by more than 80% by switching...Read More
Most major aluminium producers agree that tackling the carbon intensity of the smelting process is one of the biggest challenges facing their industry. What they cannot agree on is how to deal with the situation, as a lively panel hosted by Fastmarkets during LME Week at the end of October showed. Aluminium smelting is an energy-intensive business and the market is starting to differentiate b...Read More
Bearish macroeconomic signals and oversupply have put minor metals and ferro-alloys prices variously under pressure over 2019; the structure and terms of contracts agreed over the coming weeks will show how market participants are accounting for those signals ahead of 2020. A slowing global economy alongside uncertainty over the China-United States trade dispute and Brexit have slowed minor metals...Read More
The three-month nickel price on the London Metal Exchange continued to fall at the close of trading on Wednesday November 20, with continued selling pressure and supportive forward spreads prompting the metal's lowest close since July.Nickel's outright price on the LME closed at $14,360 per tonne in the afternoon, falling by just over 2% from an intraday high of $14,695 per tonne. Turnover was at...Read More
Fastmarkets' US zinc premium was unchanged in the week to Tuesday November 19 from a week earlier due to the persistent backwardation in the metal's forward curve despite record lows in the stocks registered to the London Metal Exchange in the United States.US lead premiums remained flat as well but may rise in the coming weeks due to the fallout from the closure of Glencore's New Brunswick lead s...Read More
China continued to account for the bulk of the transactions in the seaborne coking coal market, with cargoes being traded in a tight price range.Fastmarkets indicesPremium hard coking coal, fob DBCT: $132.29 per tonne, up $0.38 per tonnePremium hard coking coal, cfr Jingtang: $144.07 per tonne, down $0.07 per tonneHard coking coal, fob DBCT: $120.70 per tonne, unchangedHard coking coal, cfr Jingta...Read More
Copper has attempted to rebound since early September following a marked sell-off in the summer months where macro and fundamental forces have been prevalent.On the macro front, copper has benefited from a slight easing in US-China trade tensions and more monetary policy easing across the globe - including China, where copper consumption is the most exposed - that has shored up investor sentiment....Read More
The spot tin market is reportedly slow in all regions despite talk of forthcoming production cuts to tackle excess supply. 99.9% European tin premium declines for the first time in five months Trade in the United States holds in range but some say floor is moving lower Asian premiums hold in thin tradeEuropean premiums decline on excess supply, soft demandFastmarkets' tin 99.9% ingot premium, in-...Read More
Steel H-beam prices in Europe remained unchanged on Wednesday, November 20, despite feedstock costs continuing to rise, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel beams, domestic, delivered Northern Europe, was ?,?530-560 ($586-620) per tonne on November 20, unchanged week on week."Prices will remain stable until end of year, and this will support January prices,"...Read More
Here are five Fastmarkets MB stories you might have missed on Wednesday November 20 that are worth another look.Export prices for Chinese cold-rolled coil and hot-dipped galvanized coil rose during the week to November 19 due to improved buying interest amid gains in upstream hot-rolled coil prices, market participants told Fastmarkets.Aluminium premiums in Europe and the United States declin...Read More
A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday November 20.Please click...Read More
Fastmarkets' US zinc premium was unchanged in the week to Tuesday November 19 from a week earlier due to the persistent backwardation in the metal's forward curve despite record lows in the stocks registered to the London Metal Exchange in the United States.US lead premiums remained flat as well but may rise in the coming weeks due to the fallout from the closure of Glencore's New Brunswick lead s...Read More
The nickel briquette premium in the United States rose for the second consecutive week amid enlivened spot activity in the week to Tuesday November 19, while premiums for all other grades in China and Europe remained unchanged on slack demand. United States briquette premiums increase at the top end of the range with sales moving higher week on weekChina full-plate premiums hold firm while appeti...Read More
Over 90% of copper scrap products currently allowed into China could be eligible for renaming as recyclable copper raw materials next year, a senior representative of China Nonferrous Metals Industry Association's (CMRA) recycling metal branch told delegates at Asia Copper Week in Shanghai.Wang Ji-Wei, Secretary General of CMRA, said he is optimistic that the vast majority of current copper scrap...Read More
Spot business in the global copper markets was subdued in the week ended Tuesday November 19, with low buying interest pushing the Shanghai premiums lower, while both United States and European market participants are now turning their attention to long-term supply contract negotiations. Arbitrage loss, subdued buying appetite pressures Shanghai premium European market sees less tonnage in l...Read More