Chinese export prices soared last week, supported by strength in the domestic market, while markets in Europe and the United States were slowed by subdued activity levels. Chinese export price rises on domestic strength upon emergence from holidays.European ferro-vanadium market steady at 13-year high, awaiting further demand.Vanadium pentoxide price sets new 13-year high in Europe, following Chin...Read More
Higher October tender prices for ferro-chrome in China have boosted prices for imported ore and alloy. Chinese mills' tender prices boost spot prices for imported ore, alloyDomestic spot prices stable in China Alloy prices steady in Japan, South Korea European alloy prices continue to slide Alloy prices stabilize in the United StatesChrome ore and ferro-chrome import spot markets strengthened agai...Read More
The latest bids, offers and deals in the global markets for iron ore, pig iron, direct-reduced iron and other steelmaking raw materials. Latest transaction: iron oreIron oreVale, Global Ore, 170,000 tonnes of 62% Fe...Read More
Seaborne iron ore prices were rangebound on Tuesday October 16, while premiums for Pilbara Blend fines were up slightly. MB 62% Fe Iron Ore Index: $71.50 per tonne cfr Qingdao, down by $0.16 per tonne.MB 62% Fe Pilbara Blend Fines Index: $70.53 per tonne cfr Qingdao, down by $0.16 per tonne.MB 62% Fe Iron Ore Index-Low Alumina: $76.70 per tonne cfr Qingdao, up by $0.36 per tonne.MB 58% Fe Premium...Read More
Spot prices for seaborne coking coal held steady on Tuesday October 16 amid few active offers, and even fewer bids."Sellers will try to hold on to their cargoes in anticipation of a new round of restocking in mid-November," a southern Chinese mill source said."Expectations of domestic coking coal prices rising further by another 50-100 yuan ($7.20- $14.40) per tonne in the next month to come will...Read More
China's ferrous futures trended upward during morning trading on Tuesday October 16, recovering from a drop during the Monday night session.Futures closing prices - morning session Shanghai Futures Exchange January rebar: 4,157 yuan ($601) per tonne, up 31 yuan per tonneJanuary hot rolled coil: 3,975 yuan per tonne, up 49 yuan per tonneDalian Commodity Exchange January iron ore: 510.50 yuan per to...Read More
The latest metal markets news and price moves to start the North American day on Tuesday October 16.London Metal Exchange base metal prices were lower across the board during this morning trading, with aluminium's three-month price largely unaffected by a 70,000-tonne delivery.Following the largest inflow since April this morning, total LME aluminium stocks are now sitting just below 1 million ton...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Tuesday October 16*Copper -$118.42 (-822.04 yuan)Aluminium -$450.55 (-3,127.64 yuan) Zinc $32.91 (228.49 yuan) Nickel $442.07 (3,068.75 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month prices at 3pm Shanghai time, taking account...Read More
Here are eight key things Fastmarkets MB learned at the aluminium trade show in Dusseldorf on October 9-11 and during LME Week in London. Market cautious on spreads, Rusal Market participants are watching the developments in the aluminium market in the coming months with caution, due to uncertainty about spreads and the future of sanctions against UC Rusal. Should the United States remove sanction...Read More
While investing in gold stocks has pretty much been a losing proposition in the last five years and more, one thing caught my attention last week.As I know you are well aware of, on October 9, the S&P/TSX Composite Index began a sell-off that spooked investors, leaving us wondering if this is the sell-off we have been waiting for and/or dreading. The TSX index declined 3.4% in the next two da...Read More
Bob Moriarty ArchivesOct 17, 2018Amazing Energy (AMAZ-OTCQX) holds rights to over 70,000 acres in the Permian Basin. Recently theyreleased results from drilling and completion of their #30 well. The market yawned at the results going from $.225 to a blistering $.2384, almost up 6% in ten days. Volume in the shares requires a reservation two weeks in advance in order to buy or sell a $1000 position...Read More
A colleague/friend asked today how I thought the "FANG saga" would end. I replied that I don't know about GOOG and FB, but AMZN is maybe worth $50/share as it burns cash every quarter despite manufacturing GAAP "net income" so it's hard to tell for sure - it could be worth less. NFLX is eventually going to have to restructure its debt, which means the equity is worth zero.NFLX soared $50 after...Read More
Visible gold (VG) in diamond drill core. Source: Triumph Gold Corp.Triumph Gold Corp. [TIG-TSXV; TIGCF-OTC] reported on October 16 that the 2018 exploration season on its 100%-owned, road accessible, Freegold Mountain property 70 km northwest of Carmacks, Yukon, which began in late March, is now complete. In addition to making numerous long, high-grade and gold-rich drill intersections during the...Read More
Sable Resources Ltd. Spences Bridge Gold Belt projects in southern British Columbia. Shading shows the gold belt. Source: Mineral Titles OnlineFollowing a massive claim staking program in southern British Columbia by Sable Resources Ltd. [SAE-TSXV], the company has formed a strategic alliance with Westhaven Ventures Inc. [WHN-TSXV] Sable staked 189,197 hectares covering over 70% of workable groun...Read More
Slowly but surely, the opioid epidemic has been breaching media headlines.It's a simple observation that I lightly remarked on early this morning to myself."This is bigger than you can possibly imagine," came the reply from behind me. I hadn't even realized I had said it out loud, but my colleague Jeff Siegel had once again hit the nail on the head.I'll confess that at first, I didn't fully unders...Read More
KEMET Corporation (NYSE: KEM) offers its customers the broadest selection of capacitor technologies in the industry, along with an expanding range of electromechanical devices, electromagnetic compatibility solutions and supercapacitors. KEMET's vision is to be the preferred supplier of electronic component solutions, demanding the highest standards of quality, delivery and service. We learned fro...Read More
CloseGain/LossGold $1223.80-$1.10Silver$14.63-$0.03XAU69.86-0.35%HUI155.23-0.06%GDM554.76-0.52%JSE Gold1190.39-23.73USD95.58+0.52Euro115.05-0.76Yen89.35-0.03Oil$69.75-$2.1710-Year3.191%+0.034T-Bond137.90625-0.59375Dow25706.68-0.36%Nasdaq7642.70-0.04%S&P2809.21-0.03% The Metals: Gold dipped $4.20 to $1220.70 in Asia before it climbed up to $1229.50 by late morning in New Y...Read More
By Ira EpsteinGold gives ground to Fed Minutes.https://www.iraepstein.com/ Read More
The Bank for International Settlements has just published its September statement of account, giving summary information on its use of gold swaps and other gold-related derivatives in that month: https://www.bis.org/banking/balsheet/statofacc180930.pdf The information provided in BIS monthly statements is not sufficient to calculate a precise amount of gold-related derivatives, including swaps...Read More