Here are five Fastmarkets stories you might have missed on Wednesday March 11 that are worth another look.The enlargement of the quarantine zone in Italy to a nationwide reach has already started to affect steel output, with at least two long steel mills announcing production stoppages, sources told Fastmarkets on March 11.The first deal for second-quarter aluminium ingot supply to Japan has been...Read More
An overview of the minor metals markets and the reasons behind the latest price moves.Read More
By Gary Savage$SPX in oversold conditions, this is not a new perma-bear market. The market will start pricing in the corona virus dying out. Still another 10-15 years in this bull market to go..https://blog.smartmoneytrackerpremium.com/Read More
By: Ira EpsteinGold 18-dma is $1636 level. Upper Bollinger is $1699Read More
It is just fear of recession and fear that a long term investing opportunity will be lost that is deciding investment strategy. Traders and find managers are booking profit in every investment (other than stocks) to invest for the long term in stocks. Most believe that stock markets are great long term investing opportunity. Every investment has crashed due to corona virus. Gold, silver, crude o...Read More
Turkish steel mills remained inactive in the deep-sea scrap import markets on Wednesday March 11 because of firm prices and weak billet and rebar markets, sources said.Although there have been no new bookings so far this month, suppliers have kept their offers largely stable.Offers for HMS 1&2 (80:20) from the United States remained at $280 per tonne cfr, while offers for similar material increase...Read More
The group, who said combined they held at least 5% of MGX, cited concerns including the potential misuse of company funds and destroyed shareholder value, saying the share price had decreased from C$2Read More
Key data from Fastmarkets' pricing session in Europe on Wednesday March 11.Key drivers:Price range widens, marking the first move in five weeks, with the bottom end dropping ten cents amid no trades reported in Europe. One sale of around 50 tonnes reportedly done in China at...Read More
Japanese export ferrous scrap prices have declined for a second consecutive week with a stronger yen making material from the East Asian country less attractive, sources told Fastmarkets on Wednesday March 11.Fastmarkets' price assessment for steel scrap H2 export, fob main port Japan, settled at ?22,500-23,000 ($215-220) per tonne on Wednesday, down by ?500-800 per tonne week on week from ?23,...Read More
Base metals were mixed this morning, Wednesday March 11, while the pre-market Dow Jones Industrial Average Index (DJIA) was off by 700 points, this after a 1,167-point rise on Tuesday.Markets were disappointed that US President Donald Trump did not announce concrete stimulus/support measures on Tuesday, but measures are still expected in the United States sometime soon and the Wednesday's annual b...Read More
Key data from the pricing session in Shanghai on Wednesday March 11. Key drivers Cautious downstream buying following a plunge in futures prices on Monday pushed the metal price down, though most consumers have resumed normal operations.Market participants anticipate an oversupply in the domestic market...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 11 that are worth another look.The enlargement of the quarantine zone in Italy to a nationwide reach has already started to affect steel output, with at least two long steel mills announcing production stoppages, sources told Fastmarkets on March 11.The first deal for second-quarter aluminium ingot supply to Japan has been...Read More
Share this articleTORONTO - The Metro Toronto Convention Centre should have been bustling Wednesday with guests at a two-day retail, marketing and technology conference, but the event's plans changed with the news that a Sudbury man who visited the venue last week had contracted a novel form of coronavirus.DX3 organizers said Wednesday that they had cancelled the second day of their annu...Read More
Today is Wednesday, March 11, 2020, and this is your daily gold market update. Let's look at the latest price of gold, value of the dollar, gold/silver ratio, Commitment of Traders data, and exchange-traded fund (ETF) prices to get a sense of how the yellow metal is faring today.Gold PriceThe price of one troy ounce of gold in U.S. dollars today is $1,640.55. It's down -0.80% from yesterday and up...Read More
The enlargement of the quarantine zone in Italy to a nationwide reach has already started to affect steel output, with at least two long steel mills announcing production stoppages, sources told Fastmarkets on Wednesday March 11.On March 9, Italian authorities extended the lockdown from northern areas across the whole country in an attempt to control the outbreak of the 2019-nCoV coronavirus.Long...Read More
Today is Wednesday, March 11, 2020, and this is your daily energy stocks roundup. Today we're looking at the valuations of Helix Energy Solutions Group (NYSE: HLX), ProPetro Holding Corporation (NYSE: PUMP), and Apergy Corporation (NYSE: APY).Helix Energy Solutions Group (NYSE: HLX)Helix Energy Solutions Group (NYSE: HLX) is a $364.41 million company today with a one-year return of -62.09%. Let's...Read More
Domestic prices for hot-dipped galvanized coil (HDG) have been unchanged across Europe this week despite a decrease in prices for hot-rolled coil feedstock, sources told Fastmarkets on Wednesday March 11.Fastmarkets' weekly price assessment for steel HDG, domestic, exw Northern Europe, was unchanged over the week at ?,?600-610 ($681-692) per tonne ex-works on March 11.The assessment was based on d...Read More
Oil prices crashed to as low as $27.34 per barrel last Sunday.If that wasn't enough to make the entire sector collectively cringe in pain and immediately avert their eyes from their screens, I don't know what would.But this isn't our first rodeo, is it?Back in 2014, we had to watch helplessly as OPEC waged a brutal price war against U.S. shale companies. If you were spared that carnage, then you d...Read More
Here is what's new on INK Ultra Money. Canadian Insider Ultra Club members have access to both premium and free content. If you are asked to sign in, select Canadian Insider as your subscription website. If you are not a Canadian Insider Club Ultra member, get full access to Real Vision and INK Research premium videos by joining us. Use coupon code SPRING20 for a $100 discount off a new 2020 memb...Read More
Here are five Fastmarkets stories you might have missed on Wednesday March 11 that are worth another look.The enlargement of the quarantine zone in Italy to a nationwide reach has already started to affect steel output, with at least two long steel mills announcing production stoppages, sources told Fastmarkets on March 11.The first deal for second-quarter aluminium ingot supply to Japan has been...Read More