Seaborne iron ore prices remained below $70 per tonne cfr China on Wednesday December 19, with market participants cautious over the more stringent implementation of steelmaking restrictions in China.MB 62% Fe Iron Ore Index: $69.15 per tonne cfr Qingdao, up $0.12 per tonne. MB 62% Fe Pilbara Blend Fines Index: $68.95 per tonne cfr Qingdao, up $0.12 per tonne. MB 62% Fe Iron Ore Index-Low Alumina:...Read More
The trading lull persisted in the seaborne coking coal market on Wednesday December 19 amid muted demand in China and the lack of a clear direction for the ex-China market. "No one is trading in the market now because people just don't know which way prices are going," an end-user source in India said. While the source does not think supply is tight in the market, he is keeping an eye on developme...Read More
Base metals prices on the London Metal Exchange were mixed during morning trading on Wednesday December 19, with moderate volumes facilitating a broadly upward trend while commodity investors continued to be cautious ahead of expected interest rate rises in the United States. Trading above $6,000 per tonne, the three-month copper price has edged 0.6% higher after falling more than 2.5% at Tue...Read More
China's hot-rolled coil exporters continued to raise prices on Wednesday December 19 on South Korean demand.DomesticEastern China (Shanghai): 3,790-3,810 yuan ($549-552) per tonne, widened downward by 10 yuan per tonneNorthern China (Tianjin): 3,620-3,630 yuan per tonne, down 10 yuan per tonneIn Shanghai, although there were deals concluded at 3,790 yuan per tonne during the day, sources said thei...Read More
China's domestic rebar prices were largely flat on Wednesday December 19 amid fluctuations in the billet and futures markets. Domestic Eastern China (Shanghai): 3,780-3,820 yuan ($548-554) per tonne, unchangedNorthern China (Beijing): 3,580-3,600 yuan per tonne, narrowed upward by 10 yuan per tonneThe price of billet rose 10 yuan per tonne in the morning after declining by the same amount late on...Read More
Key data from the Wednesday December 19 pricing session in Europe.Key drivers Prices for ferro-titanium and titanium scrap were stable although the market was quiet in advance of the Christmas break. There were opposing drivers in the ferro-titanium market. Russian material continued to enter the market at the lower end of the range and exert a bearish influence, however, some...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 December 19:Minor metalsAntimony MMTA standard grade II, $/tonne: $7,750-7,900 per tonne from $7,850-8,000Cobalt MB free market high grade, $/lb: $27.00-29.00...Read More
A requirement for a higher energy density for new EV battery projects has been removed from the official regulations on automobile industry investment published by the country's National Development and Reform Commission (NDRC) on its website. The energy density threshold was removed from the final version of the regulations on Tuesday December 18 owing to the fact that current technology is not d...Read More
Years ago, the idea that machines would replace humans on the trading floor seemed far-fetched and the suggestion that algorithms might replace humans entirely ridiculous.But both have happened in some shape or form, making the advent of blockchain - now being vaunted as the next game-changer in technology - a lot more realistic than naysayers might initially think.Dozens of trials and projec...Read More
Trafigura, Natixis and IBM are working together on a blockchain solution for commodity trade finance. Rodney Malcolm, chief financial officer of Trafigura's North American business, explains why. When French bank Natixis and information technology firm IBM started talking about blockchain, the topic resonated very well for Trafigura's North American chief financial officer on the crude and gasolin...Read More
The European molybdenum markets dropped in trading this week as suppliers cut their offer prices to encourage buying interest amid weakening demand. There is an abundance of spot ferro-molybdenum available and signs of lower oxide prices, although the latter has some support due to limited production in coming months. The ferro-molybdenum, basis 65%, in-warehouse Rotterdam price dropped to $2...Read More
Preliminary results from a bulk sample taken at the Windfall Lake deposit in Quebec delivered an average head grade of 9.7 grams gold per tonne and 5.5 grams silver per tonne, Osisko Mining (TSX: OSK) reports.The sample head grade from Zone 27 is 39% higher than indicated in the resource block model for the area, a "strong result" and "an early Christmas gift to our shareholders," John Burzynski,...Read More
All Fastmarkets non-ferrous UK scrap and foundry ingot prices were unchanged on Wednesday December 19.NB: prices...Read More
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Ever asked "How do I use serum in my skincare routine?!". Today we talk all about how to improve acne, skin texture, minimizing pores, brightening, hydrating and anti-aging with serums! Serums deliver a dose of concentrated active ingredients into the skin to improve your specific skincare concerns! ??~?Find out exactly how to incorporate it into your skin care routine today! Leave us your favorit...Read More
The news that President Trump and his administration are willing to negotiate with China over trade barriers means that a trade war could be averted, boosting the optimism surrounding the outlook for the world economy. While some economists and analysts are predicting a global slowdown heading into 2019, if a trade war between the world's two largest economies is avoided, then growth should impro...Read More
Bloomberg posted an article this morning describing the Collateralized Loan Obligation market as "Wall Street's Billionaire Machine." But I seem to recall that the CLO market was one of the financial nuclear bombs that blew up and triggered the financial system de facto collapse in 2008. Well, it's back - with a vengeance. Of course the taxpayers were once again sold a bill of goods never...Read More