The sell-off in Resideo stock has intensified since the spin-off.Resideo has an extremely attractive valuation which hints significant upside.The growth story is not in lines with what is expected from a growth company.Indemnity payments to Honeywell are weighing down the company's ability to generate FCF.It is almost 6 months since my previous article on Resideo Technologies (REZI), "The Good...Read More

Turkish domestic scrap prices were largely stable over the past week, in line with steady imported scrap values, sources said on Monday October 7.Fastmarkets' weekly price assessment for steel scrap, auto bundle scrap, domestic, delivered Turkey, was TRY1,300-1,430 ($229-252) per tonne on Monday, unchanged week-on-week. Almost all steel mills have kept their buy prices flat for the...Read More

Antimony found support again in Europe over the week ended Friday October 4, with some traders reportedly achieving higher prices in Rotterdam.Fastmarkets assessed the price of antimony, MMTA standard grade II, in-warehouse Rotterdam, at $6,000-6,300 per tonne on Friday, up by 1.8% per tonne from the previous assessment. Despite the absence of Chinese market participants during the week-long...Read More

Pierre Neatby has joined Ambatovy mine as its vice president of marketing based in Madagascar. Neatby joined the company at the end of last month and is part of Ambatovy's management team that will steer strategic marketing of the mine's nickel and cobalt production, including working with its...Read More

The three-month nickel price on the London Metal Exchange moved higher during morning trading on Monday October 7, with prices buoyed by a continued draw on the exchange's falling inventory. Nickel's outright price was recently seen trading at $17,775 per tonne, edging closer to the $18,000-per-tonne resistance level, a price not seen since September 13. Volumes traded were particularly thin over...Read More

China is still on holiday this morning, Monday October 7, and quiet trading has resulted in fairly mixed prices across the metals and broader markets. We expect activity to pick up when China's markets reopen on Tuesday, but with United States-China trade talks scheduled for Thursday and Friday, trading is likely to be nervous. Markets quiet with China on holiday for Golden Week until Tuesday...Read More

Here are five Fastmarkets MB stories you might have missed on Monday October 7 that are worth another look.Import prices for steel slab in Southeast Asia and East Asia were stable over the past week due to sluggish trading activity amid a week-long holiday in China to mark the country's 70th anniversary.Chinese cobalt producer GEM Co Ltd has signed a cobalt supply contract with Switzerland-based m...Read More

Export prices for hot-rolled coil, cold-rolled coil and plate from the Commonwealth of Independent States continued to decline amid weak demand in the week to Monday October 7. Demand has been weak for several weeks, following falls in domestic steel prices in CIS export markets, causing CIS flat prices to fall in consecutive pricing sessions in the region. Buyers have been reluctant to place orde...Read More

Import prices for steel slab in Southeast Asia and East Asia were stable over the past week due to sluggish trading activity amid a week-long holiday in China to mark the country's 70th anniversary.Market participants are waiting to see how Chinese steel prices will change when its markets re-open on October 8, a trader in Taiwan said. Prices in Asia's downstream hot-rolled coil market fell amid C...Read More

An ample supply of Indian and Russian hot-rolled coil in Asia maintained pressure on prices in the region over the past week.Fastmarkets' weekly assessment for steel HRC import, cfr Vietnam, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $440-445 per tonne cfr for the week ending Monday October 7, down $5 per tonne from a week earlie...Read More

Import prices for rebar into Singapore were unchanged over the past week due to limited spot activity during the National Day holiday in China.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $430-435 per tonne for the week to Monday October...Read More

RAPAPORT... A pink diamond ring was the top lot at Sotheby'sHong Kong auction Monday, garnering HKD 155.8 million ($19.9 million), or $1.9 million per carat.  The cut-cornered rectangular mixed-cut, 10.64-carat, fancy-vivid-purplish-pink, internally flawless stone, set between two white trapeze diamonds, had a presale estimate of HKD 150 million to HKD 200 million ($19.1 million to25.5 m...Read More

RAPAPORT... Petra Diamonds will offer a 20.08-carat blue diamond at aspecial tender in Johannesburg next month, with analysts predicting the rough couldattract $15 million.The miner recovered the type IIb, "exceptional" gem-qualitystone at its Cullinan deposit in South Africa last month. It has not given anyfurther information on the diamond's quality."We expect this stone to fetch a good price -...Read More

RAPAPORT... There was a time, though not very recent, when a gathering of the World Federation of Diamond Bourses (WFDB) was graced by royalty and high-ranking politicians, recalled industry consultant Peter Meeus at the organization's annual Presidents' Meeting that took place late September in Dubai. "Can we bring back the old days when kings and queens were honoring international [diamond]...Read More

RAPAPORT PRESS RELEASE, October 7, 2019, Las Vegas...Diamond market sentiment was weak in September after the Hong Kong show demonstrated a slowdown in Chinese demand.Buyers from mainland China are cautious. The US-China trade war, depreciation of the yuan, and higher gold prices have diminished their spending power. US jewelers are limiting their inventory purchases as the shift to interactive di...Read More

United States-based financial services organization INTL FCStone has acquired the futures and options brokerage operations and the clearing business unit from UOB Bullion and Futures.This will give INTL FCStone access to trade a host of derivatives on the Singapore Exchange (SGX), the company said on Monday October 7.The acquisition from UOB Bullion and Futures, a subsidiary of Singapore-based Uni...Read More

RAPAPORT... The National Retail Federation (NRF) has forecast a strong risein US holiday sales, as a healthy economy outweighs tariff fears in the shortterm.Retail sales in November and December are expected toadvance 3.8% to 4.2% year on year, for a total of between $727.9 billion and$730.7 billion, the organization noted. The average increase over the past fiveyears was 3.7%, it added. "There is...Read More

(IDEX Online) - Everyone may look for the big diamond finds, but sometimes big things come in small packages. At least, that's the case with an unusual "diamond within a diamond" found at Alrosa's Nyurba mining and processing division in Yakutia.  Experts believe that the stone, which resembles a traditional Russian Matryoshka doll, is the first diamond of its type ever found a...Read More

(IDEX Online) - Petra Diamonds will hold a special tender of the 20.08-carat blue diamond. The stone, a gem-quality Type llb diamond, was recovered from the Cullinan mine in South Africa last month.Viewings will take place at Petra's diamond marketing offices in Johannesburg from November 1-7 and at the Diamond and Exchange and Export Center from November 8-15.London Stock Exchange-listed Pet...Read More

Russian miner Alrosa has discovered what believes to be a first in the history of global diamond mining: a diamond with another diamond moving freely inside it.The unusual stone, which resembles a traditional Russian Matryoshka doll, was mined in Yakutia, Russia.AdvertisementCiting scientists, Alrosa said in a media statement that the diamond could be more than 800-million years old.Despite its co...Read More