The Vietnam HRC import market maintained its downward trend in the past week on thin spot trade.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 $470-480 per tonne cfr for the week ending Monday December 24, down from $480-490 per tonne cfr in the preceding week.There were negot...Read More
Anglo American has raised the 2019 production guidance for its Minas Rio operations in Brazil to 18-20 million wet metric tonnes of iron ore.The production guidance has increased due to the regulatory approval related to the Step-3 license area, which allows the company more flexibility in its operations and access to higher...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. ...Read More
Physical iron ore prices dipped on Monday December 24 following declines in China's steel and futures markets.MB 62% Fe Iron Ore Index: $71.58 per tonne cfr Qingdao, down $0.66 per tonne. MB 62% Fe Pilbara Blend Fines Index: $71.41 per tonne cfr Qingdao, down $0.66 per tonne. MB 62% Fe Iron Ore Index-Low Alumina: $73.52 per tonne cfr Qingdao, down $0.64 per tonne. MB 58% Fe Premium Index: $63.67 p...Read More
Prices in the seaborne coking coal spot market fell on Monday December 24 following a lower-priced transaction ahead of the Christmas break.A cargo of a top Australian brand was traded at $222 per tonne fob Australia during the day, Fastmarkets heard. A cargo of a similar brand had changed hands at $230 per tonne fob Australia more than a week ago.In the pulverized coal injection (PCI), a car...Read More
Seaborne iron ore concentrate and pellet prices advanced in the week ended December 21 amid a general pickup in markets of the steelmaking raw material.ConcentratesFastmarkets' weekly MB 66% Fe Iron Ore Concentrate Index stood at $90.27 per tonne cfr China last Friday, up by $2.66 per tonne from December 14.The daily MB 65% Fe Iron Ore Index averaged $85.94 per tonne cfr China last week, compared...Read More
China's ferrous futures started the trading week on Monday December 24 on a positive note, with the coking coal and coke contracts leading prices higher.Futures closing prices - morning session Shanghai Futures Exchange May rebar: 3,454 yuan ($500) per tonne, up 6 yuan per tonne May hot rolled coil: 3,429 yuan per tonne, up 3 yuan per tonne Dalian Commodity Exchange May iron ore: 489 yuan per tonn...Read More
There was general weakness across the base metals traded on the Shanghai Futures Exchange during Asian morning trading on Monday December 24, with prices broadly down amid bearishness stemming from a challenging macro environment."In general, the worldwide equities and crude oil markets have fallen drastically and the economy showed a more intensified downturn, currently it's still the bearish sen...Read More
Trading activity in the seaborne manganese ore market continued to berelatively active due to the lower offer prices in the week ended on Friday December 21. China's manganese market was mostly stable this week, with prices somewhat rangebound on active trading activity, due to producers' lower offers two weeks prior.Fastmarkets' 37% manganese ore index, fob Port Elizabeth, rose by 6 cents to $5.5...Read More
The Chinese ferro-silicon market started to decline in the week ended Friday December 21, with market participants holding a bearish outlook due to slow demand, while the European price begins to slide, tracking the Chinese market down. Domestic Chinese ferro-silicon trading started to slide this week on weak demand, market participants said. Fastmarkets MB Chinese ferro-silicon ex-works price, ba...Read More
Prices for grade-II antimony softened in Europe in the pricing week ended Friday December 21 amid a lack of buying appetite, while those for trioxide material were unchanged. In China, grade-II antimony prices were unchanged despite limited trading activity.Chinese market flat amid thin trading activityFastmarkets assessed the price for MMTA standard grade-II antimony, delivered duty-paid, in Chin...Read More
The European Union Council of Ministers has approved 2019 duty-free quotas for a range of aluminium imports whose production within the EU is insufficient to meet demand.These quotas will come into force on January 1, 2019, and will remain in place until December 31 of the same year. They include imports of 2,000 tonnes...Read More
Lynette Zang has held the position of Chief Market Analyst at ITM Trading since 2002. Ms. Zang has been in the markets on some level since 1964. Her mission is to convert financial noise into understandable language. She has been a banker, a stock broker and studied world currencies since 1987. She believes strongly that we need to be as independent as possible and at the same time, we need to com...Read More
Gregory Mannarino started his financial career working for the securities and trading arm of the now defunct Bear Stearns before the dot-com bubble. He is an active trader of the capital markets and has published several books pertaining to finance, global economics, and equity trading; His most recent book is titled Ultimate Guide To Money and The Markets (free ebook). Gregory currently hosts a b...Read More
"This will mean that anyone looking to buy or adopt a puppy or kitten under six months must either deal directly with the breeder or with an animal re-homing centre," Continue...Read More
As many celebrate the Christmas holidays, Double Down talks to Charles Hugh Smith, author of "Pathfinding our Destiny: Preventing the Final Fall of Our Democratic Republic," about his thoughts on neo-feudalism. Continue...Read More
The White House had already easily met its Christmas controversy quota by shuttering the government, pulling out of Syria and browbeating the chairman of the Federal Reserve during Continue...Read More
RAPAPORT... De Beers and Alrosa have released the dates of theirrough-diamond sales for 2019. Next year, De Beers will not hold a sight inOctober, replacing it with a sight in August instead. Alrosa sales also includegoods from its subsidiaries, Alrosa-Nurba, Severalmaz and Almazy Anabara.De Beers holds 10 sales, or sights, in Botswana every year, atwhich it sells about 90% of its rough suppl...Read More
RAPAPORT... Eurostar Diamond Traders has entered restructuringproceedings in Belgium, having amassed substantial debts, according to the company'scourt-appointed administrator.The Antwerp-based diamond manufacturer owes morethan $500 million to creditors across its global operations, Alain Van den Cloot, a lawyer at de ClippeleAdvocaten, estimated in an email to Rapaport News. Two Antwerp cou...Read More