Next week is a thanksgiving week. There will be a position squaring and rebuilding on two counts. (a) Gold, silver and copper comex December futures are expiring. (b) Traders will look to book some profit in their open positions. In my view, at the moment, there are more long positions than short positions in gold and silver. Later in the first week of December will be the usual various US jobs...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More
* Palladium on track for best week since mid-September * Euro zone business growth misses expectations * Gold testing resistance at $1,470/oz- analyst (Updates prices)By Karthika Suresh NamboothiriNov 22 (Reuters) - Gold prices were on track for a secondstraight weekly gain on Friday, as uncertainties about the fateof a "phase one" trade deal between the United States and Chinalingered.S...Read More
An overview of the minor metals markets and their latest price moves.Read More
UK alloy steel scrap prices remained largely unchanged over the past seven days following a significant drop last week, sources told Fastmarkets on Friday November 22.Fastmarkets' price assessment for stainless steel scrap 316 solids domestic, delivered merchants UK, was ?1,170-1,230 ($1,512-1,590) per tonne on November 22, compared with ?1,170-1,250 per tonne delivered a...Read More
Global scrap prices remained relatively stable due to a lull in trading during the working week ended Friday November 22, with the exceptions of the Indian market, which dipped, and Taiwan, where prices rose.Turkish steel mills slow pace of buying but prices hold steadyUS prices steady on pause in export activityIndian market dips on buying jittersPrices unchanged in VietnamTaiwan prices up on sol...Read More
The inter-merchant spot price for light iron scrap in the UK was stable in the week ended Friday November 22, with steady demand into domestic major shredders and solid business levels into Turkey from Europe cementing British prices, trade sources told Fastmarkets.Fastmarkets' weekly price assessment for steel scrap 5C, loose old light, domestic, delivered inter-merchant, UK, was unchanged at ?7...Read More
With confusing news over United States-China trade talks, the markets are unsettled this morning, Friday November 22; the path of least resistance for the metals is to the downside, but with prices already weak, support is being encountered.The release of flash purchasing managers' index (PMI) data on Friday will provide further insight into the state of global manufacturing.With gold prices weake...Read More
Ontario's government is supporting the forestry sector in Sault Ste. Marie with an investment in Avery Timber Limited, creating seven new jobs.Today, Ross Romano, MPP for Sault Ste. Marie, announced an investment of $399,850 on behalf of Greg Rickford, Minister of Energy, Northern Development and Mines. With this funding, Avery Timber, a subsidiary of Avery Construction Limited, will expand its pr...Read More
An overview of the battery raw materials markets and their latest price moves from the past week.Read More
In the desert about two hours north of Los Angeles, a business concern backed by West Coast tech billionaires has been secretly testing an experimental concentrated solar energy facility.Now the company has revealed itself to the public, claiming a groundbreaking technological solar breakthrough it says can reduce carbon emissions at an industrial scale.Up next, the company is already hinting at a...Read More
The European Commission will consider early next year whether to add cadmium to the European Union's critical raw materials list, with the aim of encouraging production and recycling of this metal widely used in batteries, and hence potentially helping the EU economy move away from fossil fuels. Such a listing is designed to incentivize European production of a critical raw material that is in sho...Read More
South America caught up with the global steel price upturn in the week ended Friday November 22, with new formal import offers being made and some deals reported at prices at least $10 per tonne higher than the previous week.The sudden scarcity of offers from South Korea, India and the Commonwealth of Independent States (CIS), which had been low-cost suppliers for December shipments, was also prov...Read More
Turkish flat steel producers increased their prices again during the week ended Friday November 22 on increasing raw material costs, with demand strong because of low stock levels and the expectation that prices will increase more.Raw material prices, especially those for scrap, have increased recently.Fastmarkets' daily index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was $264.2...Read More
Turkish prices for hot-dipped galvanized coil (HDG) and color-coated coil, or pre-painted galvanized iron (PPGI), increased in the week to Friday November 22, with demand improving because of low stocks and the expectation that prices will rise further, sources told Fastmarkets.A rise in raw materials prices was the reason for the higher steel prices, they added.Fastmarkets' daily index for steel...Read More
Domestic rebar prices in Poland have risen over the past week, following an increase in domestic scrap prices in Europe, sources told Fastmarkets.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar), domestic, ex-works Poland, was 2,000-2,050 zloty ($515-528) per tonne on November 22 compared...Read More
Eastern China's rebar prices dropped slightly on Friday November 22 - the first downward movement in 10 days - amid concerns over high production rates, though futures picked up. Eastern China (Shanghai): 4,070-4,100 yuan ($579-583) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,780-3,820 yuan per tonne, up 20-30 yuan per tonneTraders in eastern China cut prices slightly to genera...Read More
The latest bids, offers and deals in the global markets for rebar, wire rod, beams and other long steel products.Latest transaction: rebarRebar East China, domestic, grade...Read More
UK alloy steel scrap prices remained largely unchanged over the past seven days following a significant drop last week, sources told Fastmarkets on Friday November 22.Fastmarkets' price assessment for stainless steel scrap 316 solids domestic, delivered merchants UK, was ?1,170-1,230 ($1,512-1,590) per tonne on November 22, compared with ?1,170-1,250 per tonne delivered a...Read More
Gold COT Report - Futures Large SpeculatorsCommercialTotal LongShortSpreadingLongShortLongShort 337,29651,437109,736206,626525,721653,658686,894 Change from Prior Reporting Period 14,107-4,6862,250-3,44114,18612,91611,750 Traders 20355775458284171 Small Speculators LongShortOpen Interest 65,55332,317719,211 -2,168-1,00210,748 non reportable position...Read More