China's hot-rolled coil exporters continued to aim for higher prices on Friday March 1 following futures-led gains in the domestic market.DomesticEastern China (Shanghai): 3,840-3,860 yuan ($574-577) per tonne, up 20-30 yuan per tonneNorthern China (Tianjin): 3,760-3,820 yuan per tonne, up 20-60 yuan per tonneFurther gains in the future market gave spot prices more upward momentum during the day.T...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Friday March 01* Copper -$167.67 (-1,126.68 yuan) Aluminium -$339.23 (-2,279.58 yuan) Zinc -$153.96 (-1,034.57 yuan) Nickel -$248.5 (-1,669.9 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE...Read More
Base metals prices on the London Metal Exchange were mostly lower during morning trading on Friday March 1, with a slight uptick in the US dollar index capping gains while disappointing Chinese and European PMI data continues to show weakness across global manufacturing sectors. That said, both copper and nickel, which are widely used as components in construction and infrastructure works, have co...Read More
Prices in the seaborne coking coal spot market moved in opposite directions on Friday March 1, with some Chinese buyers becoming more willing to pay more for materials while fob Australia offers start to show some weakness.A top Australian brand was sold via a miner's tender at around $217-218 per tonne to a Chinese trader, sources said during the day. A cargo in the same segment was traded around...Read More
China's domestic rebar prices rebounded for a second time this week on Friday March 1 on gains in the futures market, while the export segment also received a small boost.Domestic Eastern China (Shanghai): 3,780-3,830 yuan ($565-572) per tonne, up 40 yuan per tonneNorthern China (Beijing): 3,780-3,830 yuan per tonne, up 50 yuan per tonneRebar futures posted gains for two consecutive days, which re...Read More
An overview of the minor metals markets and the reasons for any price moves.Read More
The following Fastmarkets minor metals prices changed on Friday March 1:Minor metalsAntimony MB free market regulus, $/tonne: $7,700-7,900 per tonne from $7,800-8,000Bismuth MB China domestic, yuan/tonne: 47,500-49,500 yuan per tonne from 48,500-50,500 yuanChromium MB free market alumino-thermic, $/tonne: $8,650-9,400 from $8,800-9,600Cobalt MB free market alloy grade, $/lb: $15.00-16.00 per lb...Read More
An overview of the minor metals markets and the reasons for any price moves. Read More
The transaction price for grade-304 stainless steel cold-rolled sheet products in Europe has increased this week following the announcement of a sharp rise in alloy surcharges by mills in the region.The March surcharges for grade-304 cold-rolled (CR) stainless sheets increased to ?,?1,308-1,351 ($1,489-1,538) per tonne on Friday March 1, according to data released by Outokumpu, Acerinox and Aperam...Read More
The following Fastmarkets non-ferrous European free market scrap prices changed on Friday March 1:Aluminium scrapCast: ?,?960-980 per tonne from ?,?960-1,000Aluminium...Read More
Prices for ferrous scrap in the Asian markets have started to decline due to weaker demand from key downstream buyers in Vietnam and Taiwan, Fastmarkets heard on Friday March 1.Buyers in these two territories were out of the market temporarily, either on vacation or while waiting for further price falls.VietnamImport prices into the Southeast Asian nation were lower because of ample availability o...Read More
Import prices for steel billet in Southeast Asia were stable on Friday March 1 amid thin buying interest and the resulting lack of transactions.Fastmarkets' daily import price assessment for billet in Southeast Asia was $480-485 per tonne cfr Manila on Friday March 1, the same as the previous day. Southeast Asia's import prices have been largely steady since February 14 and last week rem...Read More
Si en France on utilise de l'eau potable pour tirer la chasse, dans certains coins du monde, l'eau est une v?(C)ritable denr?(C)e rare. Premi??re diffusion : 20 mars 2018Rendez-vous avec Kevin Razy saison 3, c'est tous les lundis ? 22h50 sur Canal+ et le samedi ? 12h20 en CLAIR.Retrouvez la saison 2 sur MyCanal : https://bit.ly/2AgprFo- Suivez RDV sur :Facebook : https://www.facebook.com/RDVKevi...Read More
Let's take a look at four stocks on the TSX index that are currently trading below their per-asset valuation. The following stocks come from the tech and mining industries, with a high-profile REIT thrown in for good measure. With P/B ratios below one, are they underperforming or just good value? A quick sift through their stats should give us a few clues.Maxar Technologies (TSX:MAXR)(NYSE:MAXR)A...Read More
Retail, autos, gold, and renewable energy make an interesting blend of consumer cyclical and recession-ready industries, and a group of representative stocks would add ready diversification to a dividend portfolio. But are they beyond the ordinary scope of defensive TSX index investors? Below we will take a look through the vital stats for a few tickers that represent this handful of sectors in or...Read More
The tests were done on mineralization from an explorer's silver-lead-zinc project in historical Mexican mining district. Goldplay Exploration Ltd. (GPLY:TSX.V; GLYXF:OTCQB) showed via metallurgical testing that the high-grade silver mineralization at San Marcial is suited for standard CCD-Merrill Crowe cyanide processing and that recoveries ranged from 82-92% silver, it announced in a news releas...Read More
The new target is located in this gold company's Eastside claim block. Allegiant Project MapAllegiant Gold Ltd. (AUAU:TSX.V; AUXXF:OTCQX) announced in a news release it completed drilling at Monitor Hills and began drilling at Adularia Hill, both projects in Nevada. The latter is the fifth of sixth targets to be explored in this current exploration campaign.Regarding Monitor Hills, assays for th...Read More
Crude oil made yesterday another hesitant move higher. Also yesterday, wementioned here the saying regarding gravity. Sometimes, it takes patience forthe underlying forces to win out. Or, doesn't the oil market rather remind youmore of a coiled spring actually? Accordingly, what is the position favoredmost by the odds right now? Let’s takea closer look at the charts below (charts courtesyof...Read More
The gold miners’ stockshave been climbing higher on balance, enjoying a solid upleg that is gatheringsteam. That’s fueling improvingsentiment, driving more interest in this small contrarian sector. This gold-stock upleg is likely to grow incoming months, partially because of very-favorable spring seasonals. The gold stocks’ second-strongest seasonalrally of the...Read More