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Insights: Glass half full or half empty?

March 19, 2019 / www.canadianinsider.com

When it comes to the potential for stock market gains for the rest of the year, is the glass half full or half empty? We tackle the issue in this week's Canadian Insider Insights newsletter. We suggest that the optimists may have one important factor going their way.To get our take on what that might be, click here to read the latest edition of our weekly newsletter for free. It is even better th...Read More

Bitcoin to replace gold in 20 years - EOS co-founder

March 19, 2019 / www.fxstreet.com

Brendan Blumer believes that Bitcoin will become a primary store of value in 20 years. BTC/USD recovery is capped by $4,000. The first digital currency will replace gold as a store of value of choice in 20 years, according to EOS COE and co-founder Brendan Blumer. He is sure that transaction fees will inevitably grow after the last Bitcoin is mined; however, various scalability solutions, like L...Read More

$CHMI - Cherry Hill Mortgage Investment Corporation (CHMI) CEO Jay Lown on Q4 2018 Results - Earnings Call Transcri...

March 19, 2019 / twitter.com

"$CHMI - Cherry Hill Mortgage Investment Corporation (CHMI) CEO Jay Lown on Q4 2018 Results - Earnings Call Transcript https://t.co/GaQolbIhjB"Read full newsRead More

Those Who Purchased Crater Gold Mining (ASX:CGN) Shares Three Years Ago Have A 84% Loss To Show For It...

March 19, 2019 / twitter.com

"Those Who Purchased Crater Gold Mining (ASX:CGN) Shares Three Years Ago Have A 84% Loss To Show For It https://t.co/G6VAbSDrIk"Read full newsRead More

Stocks Finish Higher Amid Concerns About Boeing and China Trade Talks - TheStreet

March 19, 2019 / www.thestreet.com

Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended higher Monday. A decline in shares of Boeing  (BA) and a report saying that U.S.-China trade talks may be pushed back to June limited gains. Shares of Overstock (OSTK) tumbled after the discount e-tailer missed fourth-quarter expectations. Shares fell 5.3%. Lumber Liquidators (L...Read More

LIVE FUTURES REPORT 18/03: LME aluminium climbs 1.2% on fresh cancelation, nickel price finds support above $13,000/t

March 19, 2019 / www.metalbulletin.com

Aluminium on the London Metal Exchange was higher at the close of trading on Monday March 18, having peaked at its highest since February 6.The three-month aluminium price ended at $1,920.50 per tonne, up $23.50 from the pre-weekend close.For much of March, the three-month price held below resistance at $1,900 per tonne. It hit a two-month low of $1,845 per tonne on March 11. Around 45% of LME alu...Read More

Copper concentrate TC/RCs nosedive in March as smelters tap spot market for tonnages

March 19, 2019 / www.metalbulletin.com

Treatment and refining charges (TC/RCs) for spot copper concentrates dropped sharply in early March with Chinese smelters entering the market in earnest for units, while a lack of supply from blockaded Las Bambas mine has also prompted spot buying. The Fastmarkets TC/RC index for spot copper concentrates dropped by $5.3 per tonne / 0.53 cents per lb on March 15 to $69/6.9 cents, the lowest si...Read More

FOCUS: Ways to manage trade under Section 232

March 19, 2019 / www.metalbulletin.com

Revenue garnered from the United States' Section 232 tariffs - in place for almost a year - stood at $4.3 billion for steel and $1.4 billion for aluminium as of Thursday February 21, 2019, according to data from US Customs and Border Protection.While the blanket 25% steel tariffs imposed by US President Donald Trump's administration has helped US steel mills to reap record profits, restart id...Read More

IN CASE YOU MISSED IT: 5 key stories from March 18

March 19, 2019 / www.metalbulletin.com

Here are five Fastmarkets MB stories you might have missed on Monday March 18 that are worth another look.Bulk alloy suppliers are reporting increased prompt demand from British consumers amid concerns about potential supply disruptions when the United Kingdom leaves the European Union. A preliminary decision from a court in Brazil's Itabira city, in the country's southeastern Minas Gerais st...Read More

GLOBAL CHROME WRAP: Ore price up in China on expected rise in tenders

March 19, 2019 / www.metalbulletin.com

The expectation for higher tender prices for chrome ore in April supported the prices for ore in China and for alloy in Japan and South Korea, Fastmarkets heard on Monday March 18. UG2 and Turkish lumpy ore prices rise Domestic alloy price climbs in China Alloy prices in Europe, Japan, South Korea increase Imported alloy prices stable in US, China.Prices for chrome ore imported into China and in C...Read More

Copper concentrate TC/RCs nosedive in March as smelters tap spot market for tonnages

March 19, 2019 / www.metalbulletin.com

Treatment and refining charges (TC/RCs) for spot copper concentrates dropped sharply in early March with Chinese smelters entering the market in earnest for units, while a lack of supply from blockaded Las Bambas mine has also prompted spot buying. The Fastmarkets TC/RC index for spot copper concentrates dropped by $5.3 per tonne / 0.53 cents per lb on March 15 to $69/6.9 cents, the lowest si...Read More

SILICON SNAPSHOT: Chinese prices firm on buying interest but European market remains flat

March 19, 2019 / www.metalbulletin.com

Key data from the pricing sessions in London and Shanghai on Friday March 15.China- The Chinese grade 553 silicon export price rose to $1,560-1,620 per tonne on March 15 from $1,550-1,610 per tonne on March 8, reflecting a resumption in demand- The grade 553 silicon price has been underpinned by improved buying interest from Southeast Asian traders and buyers, while market participants also noted...Read More

GLOBAL ANTIMONY WRAP: Chinese suppliers cut offer prices to generate sales; European buyers on the sidelines

March 19, 2019 / www.metalbulletin.com

The Chinese antimony price downtrend entered its third consecutive week amid persistently thin buying interest from the country's downstream market in the latest assessment period ended Wednesday March 13. Fastmarkets assessed the price of MMTA standard-grade II antimony, delivered duty-paid in China, at 46,000-46,500 yuan ($6,844-6,918) per tonne on Wednesday, down by 2.6% from 47,000-48,000 yuan...Read More

GERMANY FERROUS SCRAP: Domestic prices stable for March contracts

March 19, 2019 / www.metalbulletin.com

German steelmakers have settled their monthly scrap contracts for March at largely stable prices, sources told Fastmarkets on Monday March 18.Fastmarkets' monthly price assessment for domestic grade-E3 scrap in Germany was ?,?265-285 ($300-323) per tonne delivered on March 15, unchanged over the month. The assessment represented deals heard in the market.Although the price range remained stable, s...Read More

DAILY SCRAP REPORT: Mills seek lower offers but suppliers keep prices flat

March 19, 2019 / www.metalbulletin.com

The Turkish deep-sea scrap import markets went quiet at the beginning of the week, with mills expecting to hear lower offer prices, sources said on Monday March 18.Most of the offers in the market were around $330 per tonne cfr for United States-origin HMS 1&2 (80:20), while mills were looking for $315-320 per tonne, sources said.The expectation for lower prices was a consequence of the strength o...Read More

LIVE FUTURES REPORT 18/03: Comex copper price inches higher to open week

March 19, 2019 / www.metalbulletin.com

The Comex copper price ticked higher in morning trading on Monday March 18 with markets awaiting a resolution to the US-China trade negotiations that have dictated investor sentiment for months. The copper price for May settlement on the Comex division of the New York Mercantile Exchange gained 1.65 cents to $2.9225 per lb. "Ongoing US/China trade talks remain under way... as the two sides continu...Read More

METALS MORNING VIEW 18/03: Metals prices consolidate, waiting for fresh direction

March 19, 2019 / www.metalbulletin.com

Three-month base metals prices on the London Metal Exchange were for the most part little changed this morning, Monday March 18, the exception being copper, whose price was up by 0.7% at $6,474 per tonne, compared with $6,431.50 per tonne at Friday's close.Volume was average, with 6,328 lots traded on LME Select as at 7.23am London time, compared with 19,661 lots at a similar time on Friday. Spot...Read More

CIS FLAT STEEL: Prices hold steady on low availability

March 19, 2019 / www.metalbulletin.com

The market for flat steel exports from the Commonwealth of Independent States (CIS) remained relatively unchanged at the start of this week amid low availability, sources told Fastmarkets on Monday March 18.Fastmarkets' weekly price assessment for CIS-origin exports of hot-rolled coil (HRC) was $510-520 per tonne fob Black Sea on March 14, narrowing from $500-525 per tonne fob Black Sea a week bef...Read More

Vietnam's HRC import prices widen down on low buying activity

March 19, 2019 / www.metalbulletin.com

Import prices for re-rolling-grade hot-rolled coil sold into Vietnam widened down over the past week amid lower buying activity.Fastmarkets MB's weekly import price assessment for HRC in Southeast Asia - which mainly looks at Chinese 2-3mm SAE1006 HRC and equivalent grades sold into Vietnam - was $545-555 per tonne cfr for the week to Monday, down $5 per tonne at the lower end of the range.A...Read More

CHINA HRC: Buying spree ahead of VAT change pushes prices upward

March 19, 2019 / www.metalbulletin.com

China's domestic hot-rolled coil prices experienced a strong rebound on Monday March 18 with buyers making a rush for materials ahead of a reduction in the country's value-added tax on April 1.DomesticEastern China (Shanghai): 3,860-3,870 yuan ($575-576) per tonne, up 60-70 yuan per tonneNorthern China (Tianjin): 3,810-3,830 yuan per tonne, up 60 yuan per tonneTrading activity was robust in both S...Read More

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