Mexican ferrous scrap prices remained stable in the week ended Friday October 2, amid a downturn in market sentiment and fears among sellers that prices could fall later this month.Fastmarkets assessed the steel scrap No1 busheling, consumer buying price, delivered mill Bajio, at 6,450 pesos ($290) per tonne on Tuesday October 6, and the corresponding steel scrap No1 heavy melt, consumer buying pr...Read More

Domestic prices for hot-rolled coil in Northern Europe increased day on day on Tuesday October 6, despite buyers holding back from making new deals, sources told Fastmarkets.Fastmarkets calculated its daily steel hot-rolled coil index, domestic, exw Northern Europe, at ?,?496.46 ($583.74) per tonne on Tuesday October 6, up by ?,?3.13 per tonne from ?,?493.33 per tonne on October 5.The index was up...Read More

An overview of the chrome ore and alloy markets and their latest price moves.Europe The market for high-carbon material was stable, with a broad range of prices still being reported, although transaction volumes were relatively low. Many market participants had begun negotiations for long contracts for 2021, with participants reporting...Read More

Here are five Fastmarkets stories you might have missed on Tuesday October 6 that are worth another look.Domestic prices for hot-rolled coil in Northern Europe increased day on day on October 6, despite buyers holding back from making new deals, sources told Fastmarkets.Anheuser-Busch InBev (AB InBev), the world's largest brewer, has...Read More

The recovery in manganese alloys prices in Europe in the past week or two may have limited space to move higher in the near term due to depressed end-user steel demand in the automotive and construction sectors, according to trade sources and available industry data. Until the past week or two, manganese alloys prices in Europe had been trending downward since late April due to the effects that na...Read More

London Metal Exchange three-month base metals prices continued to consolidate at the close on Tuesday October 6, with China's absence during the regional Golden Week holiday being felt, with the complex somewhat directionless as a result.LME futures prices, with the exception of aluminium and nickel, retraced previous gains in the afternoon trading session in anticipation of China's return to the...Read More

Seaborne hard coking coal prices fob Australia dipped day on day on Tuesday October 6 in the run-up to the conclusion of a tender that some market participants say they expect will fetch lower prices.Fastmarkets indices Premium hard coking coal, fob DBCT: $137.46 per tonne, down $0.25 per tonne. Premium hard coking coal, cfr Jingtang: $145.10 per tonne, unchanged. Hard coking coal, fob DBCT: $113....Read More

The three-month nickel price on the LME was higher during morning trade on Tuesday October 6, despite thin turnover, while the fresh cancellation of nearly 70,000 tonnes of aluminium failed to push the light metal's price above nearby resistance. Nickel's outright price on the London Metal Exchange was recently seen at $14,690 per tonne, climbing more than 1% from Monday's closing price of $14,644...Read More

"We could not have brought the JPMorgan case without the data analytics program..."by Chris Powell of the Gold Anti-Trust Action Committee (GATA)JPMorgan Probe Was Revived by Regulators' Data MiningBy Dave MichaelsThe Wall Street JournalMonday, October 5, 2020WASHINGTON - Investigators probing whether traders at JPMorgan Chase rigged silver prices seven years ago decided there was no case to bring...Read More

With the enormous investor demand for Silver Eagles, the U.S. Mint sold nearly three million official coins in September. While this wasn't the... by Steve St Angelo of SRSrocco ReportWith the enormous investor demand for Silver Eagles, the U.S. Mint sold nearly three million official coins in September. While this wasn't the highest monthly amount this year, it was a record when we compare t...Read More

Wow! Expect the "World of Silver" to be turned on it's head between now and the end of the year...by Bix Weir of Road to RootaWow! The day after JP Morgan is let off the hook on RICO Charges...the Top Cop at the CFTC resigns? ...or was he FIRED?! I expect the "World of Silver" to be turned on it's head between now and the end of the year. Hang on tight!Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Although we correctly forecast a significant rise in hot-rolled coil (HRC) prices in the United States in September 2020, our price forecast proved too conservative.An impressive V-shaped recovery in key economic fundamentals critical to steel consumption is driving stronger demand for steel at the start of the fourth quarte...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Across the regions, producers of welded linepipe and oil-country tubular goods (OCTG) saw their margins shrink with substrate costs increasing in the third quarter of 2020.Many have been attempting to protect margins with higher prices, with varying degrees of success. Europe-origin commodity-grade steel hot-rolled coil and...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.This month's key ferro-alloys forecast highlights:Prices across most ore and alloy markets trended higher in September, buoyed by improving demand from steelmakers with the end of the summer holiday season in Europe and the United States, as well as maintained demand from Chinese steel mills. Tightening of alloy inventories...Read More

The latest forecasts from Fastmarkets' team of analysts are ready to view.Chinese blast furnace (BF) utilization rates have stagnated and iron ore port stock volumes are rising, reaching their highest levels since March, which suggests that iron ore supply is becoming excessive while demand is not growing. Unsurprisingly, prices dropped last week and we expect the trend to continue. The market has...Read More

The latest forecasts from Fastmarkets' team of analysts is ready to view.Having found it easier to increase prices than their counterparts in Europe and the United States during the past few months, Asian stainless steelmakers now face a number of concerns.In the short term, Asian prices have moved down in recent weeks while those in Europe and the US are on the up. This is mostly a reflection of...Read More

London Metal Exchange three-month base metals prices continued to consolidate at the close on Tuesday October 6, with China's absence during the regional Golden Week holiday being felt, with the complex somewhat directionless as a result.LME futures prices, with the exception of aluminium and nickel, retraced previous gains in the afternoon trading session in anticipation of China's return to the...Read More

RAPAPORT... A Muzo emerald and diamond necklace is epected to sell for up to HKD 80 million ($10.3 million) when it goes under the hammer at Christie's Magnificent Jewels auction in Hong Kong on November 29.The double rivi??re piece, designed by Edmond Chin for the House of Boghossian, contains 28 perfectly cut and matched, near-flawless emeralds, weighing a total of 117.60 carats. The gems were h...Read More

RAPAPORT... Blue Nile plans to expand its brick-and-mortar offering, opening 50 new locations in its top markets over the next three years, it said Monday.The spaces will be situated in both high-end and open-air malls, as well as urban, street-side locations, the jeweler noted. The company opened the first outlet Monday outside Denver, Colorado, with an Irvine, California, store due to debut Nove...Read More

RAPAPORT... A private collector bought a 102-carat, D-flawless diamond for nearly $16 million at a special online auction by Sotheby's Hong Kong on Monday. While the stone was the first high-profile diamond to be offered without a reserve price, observers had predicted a much higher value for the piece."The buyer of this diamond has bagged a bargain," noted Tobias Kormind, managing director of Lon...Read More