The pig iron export market out of the Commonwealth of Independent States has been strong over the past week, with new sales to China amid low availability. Fastmarkets' weekly price assessment for high-manganese pig iron, export, fob main port Black Sea, CIS was $350-355 per tonne on Thursday October 15, narrowing from $346-360 per tonne a week earlier.Two sales of Russia-origin pig...Read More
The price of shredded scrap imported into India inched upward on Friday October 16 after the downward price trend in the market reversed, sources have told Fastmarkets.Fastmarkets calculated the steel scrap, shredded, index, import, cfr Nhava Sheva, India, at $308.62 per tonne on Friday, up from $305.74 per tonne one week earlier. This was the first upward movement after four consecutive weeks of...Read More
Prices for inter-merchant light iron scrap in the UK market stabilized during the week to Friday October 16 after a small drop last week, supported by a relatively tight balance between supply and demand and a pick-up in European export prices, industry sources told Fastmarkets.Scrap generation in the UK continues to be fairly tight, with major shredders competing regularly for purchases despite l...Read More
Turkish steel mills resumed their deep-sea scrap purchases at the end of the week after skipping Thursday, with prices edging down slightly, sources told Fastmarkets on Friday October 16.A steel mill in the Marmara region booked a US cargo, comprising 22,000 tonnes of HMS 1&2 (80:20) at $286 per tonne and 23,000 tonnes of shredded at $291 per tonne cfr.As a result of the latest deal, Fastmark...Read More
With a virtual LME Week starting on Monday October 19, the base metals market is starting to focus on negotiating 2021 contracts. Here, read about how the evolving nature of virtual negotiations is affecting the aluminium, copper, nickel and tin markets. Aluminium: Uncertainty stirs expectation of active spot market Aluminium market participants are likely to put extra emphasis on spot deals for 2...Read More
Seaborne iron ore prices inched up from their downtrend on Friday October 16, sources said, adding that the expected increase in weekly iron ore port inventory and supply in the fourth quarter limited the increment in iron ore prices. Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $119.08 per tonne, up $0.38 per tonne62% Fe low-alumina fines, cfr Qingdao: $119.64 per tonne, up $0.60 per t...Read More
Seaborne premium hard coking coal prices tumbled on Friday October 16 with transactions agreed at lower prices after Chinese authorities asked for a halt to imports of Australia-origin coking coal.The Chinese authorities' notice was only in verbal form, and has not yet been published, but it led steel mills and traders in China to divert their cargoes to other destinations.Fastmarkets indicesPremi...Read More
China's domestic hot-rolled coil prices experienced some recovery on Friday October 16, but some mills have made some export pricing concessions to boost trading.DomesticEastern China (Shanghai): 3,890-3,900 yuan ($578-579) yuan per tonne, narrowing upward by 10 yuan per tonneNorthern China (Tangshan) - weekly assessment: 3,750-3,770 yuan per tonne, down 30-60 yuan per tonnePrices in Shanghai rega...Read More
An overview of the consumer electronics markets and the latest price moves.Read More
An overview of the specialty steel raw materials markets in Europe and their latest price moves.Read More
The cobalt alloy grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt...Read More
The cobalt standard grade, in-whs Rotterdam, $/lb trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets assessed cobalt standard...Read More
The cobalt sulfate 20.5% Co basis, exw China, yuan/tonne trade log including business, bids and offers reported to Fastmarkets.Fastmarkets publishes trades logs for its key price assessments and indices to bring more transparencyinto the markets it covers and the pricing process it applies.Fastmarkets...Read More
Base metals prices on the LME and the SHFE were mixed this morning, Friday October 16, but overall were holding up well despite growing concern over the spread of Covid-19 across Europe and the United States. Despite the spread of the pandemic the markets seem to be assured that more stimulus will be forthcoming. EU passenger car registrations climbed 3.1% in September, compared with last year, bu...Read More
Indonesian authorities have extended the deadline for scrap sellers to comply with new, strict import regulations until the end of the year, leading to a burst of activity in the market, market participants told Fastmarkets on Friday October 16.Rules concerning the registration of scrap exporters to Indonesia came into force on September 30, causing many deals to be canceled because some exporters...Read More
The bullish sentiment felt at the start of the week ended Friday October 16 was later tempered by lower offers for containerized ferrous scrap in the key Taiwanese import market, sources said.Fastmarkets' daily price assessment for containerized cargoes of steel scrap, HMS 1&2 (80:20), US material import, cfr main port Taiwan was $270 per tonne on Friday, unchanged from the previous day and up by...Read More
The fact that top management holds a significant personal stake in Goldcliff Resource Corp. raises the confidence level of sector expert Michael Ballanger in the company's potential as a winning investment. Goldcliff Aurora WestWith a mere nineteen days (19) to go until the U.S. election, I think it is important to turn down the volume on the business news networks and ignore the commentators, th...Read More
Today’s beaten-down USdollar is a major short-term risk for gold. For decades this yellow metal has often inversely mirrored the fortunesof the world’s reserve currency. Dollartrends are important trading cues for highly-leveraged gold-futuresspeculators, who wield outsized influence over gold prices. So an overdue mean-reversion rebound rally eruptingin the US dollar...Read More
Oct 19, 2020 Guest(s): Mark Skousen October 19, 1987 was a day of infamy for stock market traders. Known as the "Black Monday" stock market crash, markets all around the world tumbled, with the U.S. markets falling more than 20% during the trading session that day.Mark Skousen, editor in chief of Forecasts & Strategies, predicted that a major market correction would happen in 1987, and mont...Read More
Oct 20, 2020 Guest(s): Rahul Paul President, Radisson Mining Resources Not only are macroeconomic conditions still positive for gold, but the scarcity of supply also runs in the metal's favor, according to Rahul Paul, president of Radisson Mining Resources (TSXV: RDS.V). "Because of the lack of spending over the last several years, we haven't seen as many new discoveries, so we're now beginning...Read More