Factors including an improving oil price and increased demand will support a recovery in the cif China bauxite price in the second half of this year but market participants should keep a close eye on the effect of a weakening domestic alumina price, Fastmarkets aluminium analyst Yang Cao said on Monday September 21. "In the first half of 2020, the price of Chinese imported bauxite was quite low as...Read More
The latest data for the global manganese ore market for the week ended September 21, 2020.Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 22 that are worth another look.Swiss stainless steelmaker Schmolz + Bickenbach has had its proposal to change the company name approved by shareholders, it said in a press release on Monday September 21.Read More
Steel producers in Turkey extended their absence from the deep-sea scrap markets again amid weak finished steel demand, sources said on Tuesday September 22.The country's steel mills have been holding back from the deep-sea trade since September 9, when the most recent cargoes were booked at prices around $301 per tonne cfr on an HMS 1&2 (80:20) basis.Offer levels for similar material then rose to...Read More
Base metals prices on the London Metal Exchange have rebounded this morning, Tuesday September 22, after weakness in equities on Monday dragged them lower. At the time of our Morning View report on Monday, the LME metals were up by an average of 0.2%, but they ended the day down by an average of 1.6% after concerns escalated about second waves of Covid-19 spreading across Europe. But an across-the...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 22 that are worth another look.Swiss stainless steelmaker Schmolz + Bickenbach has had its proposal to change the company name approved by shareholders, it said in a press release on Monday September 21.Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.US flat-rolled prices began to recover in August, as we expected. The monthly average of our daily HRC index hit $473 per ton ($521/tonne), which was $3/t above our forecast.The upward momentum has since continued and has done so more quickly than we expected - sentiment has turned around dramatically on fundamental developm...Read More
Most import prices for flat steel in the United Arab Emirates and Saudi Arabia have remained stable over the past seven days, with demand still weak, sources told Fastmarkets on Tuesday September 22.Most market participants believed that prices would remain steady or perhaps decrease further in the next few days because of softening Chinese demand.Fastmarkets' daily steel hot-rolled coil index, ex...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.US flat-rolled prices began to recover in August, as we expected. The monthly average of our daily HRC index hit $473 per ton ($521/tonne), which was $3/t above our forecast.The upward momentum has since continued and has done so more quickly than we expected - sentiment has turned around dramatically on fundamental developm...Read More
The cost of imported steel rebar and billet in the United Arab Emirates increased this week, following on from last week's rise in the price of local rebar, sources told Fastmarkets on Tuesday September 22.Domestic rebarSince September 15, the country's biggest producer, Emirates Steel, has been offering rebar at 1,936 dirhams ($527) per tonne ex-works for orders to be produced in October and Cona...Read More
Crude steel output in Italy increased by 9.69% year-on-year in August 2020, due to local steelmakers taking summer stoppages that were shorter than usual because of the Covid-19 lockdown measures in March-April, Italian steel association Federacciai said on Tuesday September 22.The country's crude steel production amounted to 939,000 tonnes in August, up from 856,000 tonnes in the corresponding mo...Read More
Steel producers in Turkey extended their absence from the deep-sea scrap markets again amid weak finished steel demand, sources said on Tuesday September 22.The country's steel mills have been holding back from the deep-sea trade since September 9, when the most recent cargoes were booked at prices around $301 per tonne cfr on an HMS 1&2 (80:20) basis.Offer levels for similar material then rose to...Read More
The mood in the CIS export billet market has become downbeat in the second half of September, amid a lack of purchasing interest on the customers' side.Fastmarkets' daily steel billet index, export, fob Black Sea, CIS, was $411 per tonne on Tuesday September 22, down by $1 per tonne day on day.Offers from mills were scarce, varying within the range of $415-420 per tonne fob Black Sea. Sellers refe...Read More
The recent uptrend in the CIS export steel slab market persisted in the week to Monday September 21, driven by demand in Turkey, Fastmarkets has learnt.The weekly price assessment for steel slab, export, fob Black Sea, CIS, was $460-472 per tonne on September 22, up from $460-465 per tonne week on week.A cargo of Ukraine-origin slab was heard sold to the Middle Eastern country at slightly above $4...Read More
The latest forecasts from Fastmarkets' team of analysts are ready to view.US flat-rolled prices began to recover in August, as we expected. The monthly average of our daily HRC index hit $473 per ton ($521/tonne), which was $3/t above our forecast.The upward momentum has since continued and has done so more quickly than we expected - sentiment has turned around dramatically on fundamental developm...Read More
"This Time It's Different," this is the warning philanthropist and Canadian mining mogul Frank Giustra gave in an exclusive interview with Stansberry's Daniela Cambone.In part 1 of the in-depth interview, Giustra talks about a full-on currency war and how the sole survivors will be commodities led by gold.Frank Giustra is a Canadian business executive, who has been particularly successful in the m...Read More
Here are five Fastmarkets stories you might have missed on Tuesday September 22 that are worth another look.Swiss stainless steelmaker Schmolz + Bickenbach has had its proposal to change the company name approved by shareholders, it said in a press release on Monday September 21.Read More
Is 'triple digit silver' inevitable? How could the price ever go that high? Join Mike Maloney and his guest Keith Neumeyer for an in-depth look at the silver market, and why they both believe that silver is the most undervalued asset on the planet. This is Part One of a two-part discussion, make sure you are subscribed so that you don't miss Part Two (coming soon).Keith Neumeyer is the president a...Read More
Questions from Today's Show:Stone Ezel - Hello Ms. Zang I've come to admire your great knowledge. Will the currency pertain to world currencies revaluing and having a level playing field against the US dollar? Thank you and God Bless your family.Matt Ruth - Enjoy your videos. Have a question regarding what you said about the government not allowing us to convert gold into usd. What does that do to...Read More
David Moadel is a trader and investor of stocks and options. A former elementary school teacher, David has a master's degree in education and a unique ability to convey knowledge in the area of finance. He has coached many people and likes to combine fundamental and technical analysis to help people find their own trading style.Lior Gantz has been called a thrill-seeking entrepreneur by his team,...Read More