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, Beijing Iron Ore Trading Center (Corex), 170,000 tonnes of 62% Fe Brazilian Blend fines, sold at $89.60 per tonne cfr China,...Read More
Iron ore prices largely continued to soften on Wednesday February 13 with no further supply disruptions from Brazil confirmed, but two cargoes of Brazilian Blend fines (BRBF) traded at stronger levels.MB 62% Fe Iron Ore Index: $87.22 per tonne cfr Qingdao, down $0.43 per tonne. MB 62% Fe Pilbara Blend Fines Index: $88.06 per tonne cfr Qingdao, down $0.43 per tonne. MB 62% Fe Iron Ore Index-Low Alu...Read More
Stronger demand from Asian steel mills is pushing bulk ferrous scrap prices higher. Prices were also supported by higher bids seen at February's Kanto Tetsugen export tender in Japan.There was a deal done at $330 per tonne cfr Vietnam on Monday February 11 for an 18,000-tonne cargo of Japanese H2 scrap."Market negotiation levels were at $327-330 per tonne cfr Vietnam for Japanese H2 scrap as of Tu...Read More
China's steel futures fell during morning trading on Wednesday February 13, while those of steelmaking raw materials moved sideways.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,731 yuan ($550.30) per tonne, down 18 yuan per tonneMay hot-rolled coil: 3,636 yuan per tonne, down 11 yuan per tonneDalian Commodity Exchange May iron ore: 623 yuan per ton...Read More
Here are five Fastmarkets MB stories you might have missed on Tuesday February 12 that are worth another look.Heavy highland rains in South America's Andean region prompted mining companies to temporarily halt some copper operations in northern Chile and southern Peru from Friday February 8, before resuming full capacity by February 12. Turkish miner Eti Elektrometalurji has moved into t...Read More
A lack of fresh drivers kept US copper futures steady in Wednesday morning trading. The copper price for March settlement on the Comex division of the New York Mercantile Exchange was flat at $2.7720 per lb.The focus of market participants - and the main driver of direction - remains the US-Chinese trade talks."We expect further upside in copper prices over the next month due to a stronger macro s...Read More
Primary aluminium stocks at the three main Japanese ports (MJP) fell 0.73% (by 2,300 tonnes) month on month in January 2019, but increased by 13.50% compared with January 2018, according to data from major Japanese trading house Marubeni on Wednesday February 13. Total MJP aluminium stocks amounted to 314,500 tonnes at the end of January, down from 316,800 tonnes in December. Nagoya regi...Read More
Base metals prices on the London Metal Exchange were predominantly lower during morning trading on Wednesday February 13, with broad strength in the dollar index capping gains, while developments in the US-China trade rift are doing little to lift prices. Three-month aluminium, nickel, zinc and lead prices consolidated lower after a poor performance at Tuesday's close. A downtrend in LME stocks re...Read More
Arbitrage for copper, aluminium, zinc and nickel imported into China on Wednesday February 13* Copper -$164.52 (-1,113.67 yuan) Aluminium -$348.25 (-2,357.34 yuan) Zinc -$99.29 (-672.12 yuan) Nickel -$244.65 (-1.656.05 yuan) *Fastmarkets calculates the physical arbitrage for import into China daily by using SHFE front-month and LME three-month...Read More
China's rebar prices dropped on Wednesday February 13 in both the domestic and export markets on pessimistic sentiment amid futures and billet losses. Domestic Eastern China (Shanghai): 3,800-3,840 yuan ($560-566) per tonne, down 30-40 yuan per tonneNorthern China (Beijing): 3,800-3,840 yuan per tonne, down 20 yuan per tonneTangshan billet prices decreased due to weakening demand and lower&nb...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 Wednesday February 13:Minor metals Cadmium MB free market min 99.99%, cents/lb: 136-143 per lb from 133-143Cobalt MB free market alloy grade, $/lb: $16.60-18.85 per lb from $17.30-19.50Cobalt MB free market standard grade, $/lb: $17.30-19.45 per...Read More
Low prices for copper in the international markets could reduce the availability of copper scrap, European producer Aurubis said in a results statement for the October-December 2018 quarter, published on Wednesday February 13.The multi-metal company expected the copper scrap market to be fundamentally stable, it said. But the current low metal prices could lead to reduced copper scrap supplies and...Read More
Know More News with Adam Greenhttps://www.knowmorenews.org/Support Know More News!Paypal Donations - https://www.paypal.me/KnowMoreNewsPatreon - https://www.patreon.com/AdamGreenVenmo - @Know-More-NewsFollow me on Social Media:TWITTER https://twitter.com/Know_More_NewsFACEBOOK https://www.facebook.com/KnowMoreNewsINSTAGRAM https://www.instagram.com/know_more_n...BITCHUTE https://www.bitchute.com/c...Read More
More important than how many bottles of champagne did BBC License Fee payers pay for, what will Tommy #Panodrama reveal about the malicious ways in which Panorama and Hope not Hate were working together to destroy Tommy Robinson?https://brianoflondon.me/2019/02/podc...Visit my brand new site, if you value my content, help me out with some value back: https://brianoflondon.me/donateIf you're using...Read More
Radio show linkhttp://tobtr.com/s/10976635https://www.gofundme.com/TheTrumpWallTo donate to Kevin's Corner just Download the cash apphttps://cash.meThen text donations to 513-200-2553Or use PayPalpaypal.me/kevinscornerhttps://xtremeteez.comTed Cruzhttps://youtu.be/6yNmyekIxH0Children bookMy children bookhttps://www.amazon.com/Ralphy-Woman-W...Email: For Speaking Engagements kevinellerbecorner1@g...Read More
Gold stocks have to do more to confirm they are in a new bull market.Sure, they've surged above key moving average resistance and breadth has improved.However, the gold stocks have not yet broken the pattern of lower highs and breadth, while improved, is not at bull market levels yet. Let's review where things currently stand.In recent weeks GDX and GDXJ surged above the critical 400-day moving av...Read More
Identifying century-long trends is a great way to spot undervalued stocks with long-term compounding potential. What if I told you that one Canadian company is poised to directly benefit from this century's biggest growth story?No, it's not a tech stock. But as you'll see, it has a fair amount of proprietary tech fueling its share price. Meet Nutrien (TSX:NTR)(NYSE:NTR).More people means more fo...Read More
The stock price of Barrick Gold (TSX:ABX)(NYSE:GOLD) dropped nearly 4% after the company reported Q4 earnings. Investors who follow the mining giant are wondering if the pullback is a good opportunity to buy the shares.Let's take a look at the current situation to see if Barrick deserves to be on your buy list.ResultsBarrick reported a US$1.2 billion loss for Q4 2018, largely due to impairment cha...Read More
In this market, it seems like a significant amount of time and energy is being spent on marijuana stocks, and their stratospheric rise over the last year or so tells us why.But what if we could get the same returns, only instead of investing in companies that are losing money and trading at sky-high multiples (marijuana stocks), we could invest in companies that are making real profits and genera...Read More