Base metals traded on the Shanghai Futures Exchange were all down during morning trading on Tuesday February 26, with nickel leading the complex lower.The weakness in the base metals follows strong gains on Monday after the market reacted positively to the news that US President Donald Trump had postponed a planned increase in tariffs on Chinese goods due to progress made in US-China trade talks.B...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday February 26 that are worth another look.Lithium producer share price weakness is a reflection of the supply response that started in 2018, head of base metals and battery materials research William Adams said. While the supply side is weighing on sentiment, the demand side of the equation remains extremely bullish - and inc...Read More
Flat steel import prices in the United Arab Emirates and Saudi Arabia have increased over the past week, although buying activity remained limited, Fastmarkets heard on Tuesday February 26.Deals were scarce because market participants were waiting to see whether the price increases would be permanent, sources told Fastmarkets.The buyers were doubtful because raw material prices have started to dro...Read More
Prices for steel rebar and billet imported into the United Arab Emirates have increased slightly this week because of higher offers and deal prices, sources told Fastmarkets on Tuesday February 26.The reason for the rise in the billet import price was that producers in Oman and Bahrain raised their prices for the commodity.But demand for rebar was moderate in the country, and with local supply bei...Read More
China's hot-rolled coil prices strengthened further on Tuesday February 26 despite moderate trading activity, with gains in the futures market in the afternoon providing a boost to the spot market.DomesticEastern China (Shanghai): 3,800-3,830 yuan ($567-572) per tonne, up 10-20 yuan per tonneNorthern China (Tianjin): 3,740-3,770 yuan per tonne, widening upward by 20 yuan per tonneSellers in Shangh...Read More
China's domestic rebar prices retreated on Tuesday February 26 after supply pressures led sellers to destock.Domestic Eastern China (Shanghai): 3,740-3,780 yuan ($558-564) per tonne, down 10-20 yuan per tonneNorthern China (Beijing): 3,730-3,770 yuan per tonne, widened downward by 10 yuan per tonneSelling interest among stockists picked up due to an increase in inventory levels, which led to them...Read More
Export prices for Chinese cold-rolled coil (CRC) and hot-dipped galvanized coil (HDG) increased again over the past week, with some mills continuing to raise their offers amid bullish sentiment and a stronger domestic market.Cold-rolled coilFastmarkets MB's weekly export price assessment for Chinese SPCC 1.0mm CRC was $545-555 per tonne fob on Tuesday February 26, up $5 per tonne from $540-550 per...Read More
The latest bids, offers and deals in the global markets for hot-rolled coil, cold-rolled coil, hot-dipped galvanized coil, pre-painted galvanized iron, steel plate, steel sheet and other flat steel products. Latest transaction: hot-rolled coilHot-rolled coilEast China, domestic, commercial-grade...Read More
The latest bids, offers and deals in the global markets for steel billet, slab and bloom. Latest transaction: billetBillet China,...Read More
Russia may impose a six-month ban on exports of ferrous scrap material beginning in May after a request was filed by Russian pipemakers with the country's ministry of economic development.The Russian Foundation for Development of the Tube Industry (FRTP) brings together the country's largest pipemakers, including TMK, OMK and Chelpipe. The group began its campaign for a ban on ferrous scrap export...Read More
From Tuesday February 26, Fastmarkets will update the normalization coefficients of the Turkey and Rotterdam ferrous scrap indices once per month instead of once per quarter. The indices to which this proposed change relates are the HMS 1&2 (80:20), Northern Europe-origin material, cfr Turkey index; the HMS 1&2 (80:20), USA-origin material, cfr Turkey index; and the HMS 1&2 (80:20), Nort...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 oreRio Tinto, Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of 62%...Read More
Iron ore prices continued to retreat on Tuesday February 26 with Chinese steelmakers still intent on reducing input costs due to no improvements in terms of output profitability.MB 62% Fe Iron Ore Index: $83.75 per tonne cfr Qingdao, down $1.09 per tonne. MB 62% Fe Pilbara Blend Fines Index: $83.15 per tonne cfr Qingdao, down $1.09 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $85.49 per tonne...Read More
Prices in the seaborne coking coal spot market remained supported on Tuesday February 26 with sellers not in a hurry to issue firm offers just yet."The port market has been doing well with prices moving strength to strength. This will rub off on the seaborne market too," a Chinese trading source said.At the Port of Jingtang in Tangshan, Hebei province, some 30,000 tonnes of a lower-ranked premium...Read More
STREAM of CONSCIOUSNESS #EXCLUSIVE *UPDATE*OFFICIAL TOMMY ROBINSON RELEASE #PANODRAMA The BBC Expos?(C), Here: https://youtu.be/wNd2bvLvyk4 ... Hear "Q - THE ANON CREED" by GRAND TORINO, here: https://youtu.be/8TFPGc3XxRE ... #WeThePeople www.patriotssoapbox.com/forumsRead More
#Ins??litaExperiencia #YohanerosGo* SUSCR??BETE y vive conmigo una #Ins??litaExperiencia* VE MIS DOS PROGRAMAS EN VIVO: #Ins??litaExperiencia de Lunes a Viernes a las 16:00 horas. #EnVivo de Lunes a Viernes a las 22:40 horas. * S??GUEME EN REDES SOCIALES:Twitter: https://twitter.com/yohanandiazFacebook: https://www.facebook.com/yohanandiazO...Instagram: https://www.instagram.com/yohanandiaz/* ENTR...Read More
Join Rick, Brien, Mike and others on the 2019 Money, Metals and Mining Cruise. Click below for details:https://cruises.moneyshow.com/the-201...Also, don't forget the Sprott Vancouver Natural Resource Symposium: http://sprottconference.comAnd, the New Orleans Investment Conference: http://neworleansconference.comRead More
The biggest driver of major markets right now is the possibility of a U.S.-China trade deal.On that note, please click here now. The U.S. government's wild launch of tariff taxes caused global markets to swoon in the first half of 2018. Gold and the Chinese stock market were hurt more than a lot of other markets.Gold has done well with QE, QT, falling rates, and rising rates, but tariff taxes...Read More
Mining, agri materials, and tech: which of these three Canadian industries can offer investors the greatest knock-on upside potential through high growth in earnings? Let's take a look at one key TSX-listed stock from each of these three high-performing domestic industries and see which buoyant ticker is most likely to reward the gutsy investor with capital gains further down the road.Shopify (TSX...Read More
The biggest driver of major markets right now is the possibility of a U.S.-China trade deal.On that note, please click here now. The U.S. government's wild launch of tariff taxes caused global markets to swoon in the first half of 2018. Gold and the Chinese stock market were hurt more than a lot of other markets.Gold has done well with QE, QT, falling rates, and rising rates, but tariff taxes...Read More