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Danielle DiMartino Booth: 'Addicted' Markets Will Demand Another Rate Cut This Year And Boost Stocks To All-Time Highs

January 30, 2020 / marketsanity.com

As the U.S. awaits comments from the Federal Reserve at its meeting Wednesday, Danielle DiMartino Booth gives you an insight on what to expect from the Fed in 2020.Danielle DiMartino Booth spent nine years as an advisor to Richard W. Fisher at the Federal Reserve Bank of Dallas. Danielle left the Fed in 2015 to found Money Strong, LLC, an economic consulting firm and launched a weekly economic new...Read More

Stephen King does the worst thing a celebrity can do and goes on a woke apology tour

January 30, 2020 / marketsanity.com

"I would never consider diversity in matters of art. Only quality. It seems to me that to do otherwise would be wrong," the writer tweeted.Continue...Read More

Number Of Coronavirus Cases Surpasses SARS As China Holds 60k Under 'Observation'

January 30, 2020 / marketsanity.com

Barely a week into global response to the outbreak, the number of confirmed cases has already passed the number of SARS cases reported during the entire monthslong ordeal.Continue...Read More

World's Largest Copper Producer Fears "Global Black Swan" As Coronavirus Sparks Record Copper Collapse

January 30, 2020 / marketsanity.com

Freeport-McMoRan's shares are on the cusp of a bear market as the world's largest copper producer warned about plunging copper prices on concerns coronavirus has severely impacted China's economy, reported Reuters. Continue...Read More

EUROPE SECTIONS: Steady prices could rise on thinning import quotas, rising feedstock costs

January 30, 2020 / www.metalbulletin.com

Hollow steel sections prices in Europe were unchanged this week, despite increasing feedstock costs and quickly expiring import quotas, market sources told Fastmarkets on Wednesday January 29.Fastmarkets' weekly price assessment for steel sections (medium), domestic, delivered Northern Europe, was ?,?620-640 ($683-705) per tonne on Wednesday, unchanged week on week.Earlier in the month, mills and...Read More

PEOPLE MOVES: Alcoa sales VP Perez to leave company after 18 years

January 30, 2020 / www.metalbulletin.com

I??igo P?(C)rez, vice president of Europe and Asia sales at Alcoa, will be leaving the aluminium producer after working there for 18 years, Fastmarkets understands. P?(C)rez, who handled aluminium product sales at Alcoa, will...Read More

FOCUS: Wuhan virus likely to dent Q2 demand for steel, iron ore in Asia

January 30, 2020 / www.metalbulletin.com

Sentiment in the seaborne iron ore and Asian steel markets have deteriorated amid a rapid spread of the 2019-nCoV - or Wuhan novel coronavirus - in China, which appears to have intensified in the last week.Market participants are anticipating a delayed restart of construction and manufacturing activity after the country's Lunar New Year holiday, which has been extended until at least Sunday Februa...Read More

US ferrous scrap export prices tumble in latest deals

January 30, 2020 / www.metalbulletin.com

The United States' ferrous scrap export market has weakened on both the East and West Coast, with new sales occurring at lower prices to Turkey and South Korea.An East Coast exporter sold 30,000 tonnes of a 90:10 mix of No1 and No2 heavy melting scrap (HMS) at $275 per tonne on Wednesday January 29. Equalized to an 80:20 HMS basis, this cargo would be priced at $272 per tonne cfr.This sale was dow...Read More

GLOBAL TIN WRAP: Premiums flat in all regions but some signs ofimproving demand

January 30, 2020 / www.metalbulletin.com

The spot markets for tin were quiet in the United States and Europe in the week ended Tuesday January 28, and especially in Asia, because of the holiday for the lunar new year which began on January 25 and has been extended into February because of the outbreak of a coronavirus infection in China.London Metal Exchange tin price falls sharply on coronavirus concerns in Asia, where markets are close...Read More

EUROPE HRC: Domestic prices rise on uncompetitive imports, strong local orders

January 30, 2020 / www.metalbulletin.com

Domestic prices for hot-rolled coil have increased across Europe, supported by good order books at European mills and a lack of competitive import offers, sources told Fastmarkets on Wednesday January 29.Northern EuropeFastmarkets' daily steel hot-rolled coil index, domestic, ex-works Northern Europe, was ?,?467.08 ($514.49) per tonne on Wednesday, up by ?,?0.52 per tonne day on day from ?,?466.56...Read More

BASE METALS WARRANT REPORT 29/01

January 30, 2020 / www.metalbulletin.com

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 29.Please click...Read More

IN CASE YOU MISSED IT: 5 key stories from January 29

January 30, 2020 / www.metalbulletin.com

Here are five Fastmarkets MB stories you might have missed on Wednesday January 29 that are worth another look.Sentiment in the seaborne iron ore and Asian steel markets has deteriorated amid a rapid spread of the 2019-nCoV - or Wuhan novel coronavirus - in China, which appears to have intensified in the last week.Primary aluminium stocks at the main Japanese port of Nagoya declined by 8% month on...Read More

FOCUS: Wuhan virus likely to dent Q2 demand for steel, iron ore in Asia

January 30, 2020 / www.metalbulletin.com

Sentiment in the seaborne iron ore and Asian steel markets have deteriorated amid a rapid spread of the 2019-nCoV - or Wuhan novel coronavirus - in China, which appears to have intensified in the last week.Market participants are anticipating a delayed restart of construction and manufacturing activity after the country's Lunar New Year holiday, which has been extended until at least Sunday Februa...Read More

FOCUS: China's virus lockdown puts copper sellers, smelters in logistical bind

January 30, 2020 / www.metalbulletin.com

The outbreak of a coronavirus has led to the prolonged closure of Chinese businesses, triggering delays in logistical operations with copper market participants looking to ship cathodes and concentrates into the country.Traders and producers with shipments set to arrive in China in the first two weeks of February reported potential delays as well as difficulty in getting guarantees that letters of...Read More

BASE METALS WARRANT REPORT 29/01

January 30, 2020 / www.metalbulletin.com

A summary of London Metal Exchange warrant premiums from across the globe for the week to Wednesday January 29.Please click...Read More

LIVE FUTURES REPORT 29/01: LME lead price sinks another 3%; copper dips below $5,700

January 30, 2020 / www.metalbulletin.com

The three-month price of lead on the London Metal Exchange stood out as the most notable underperformer at the close of trading on Wednesday January 29, selling off more than 3% of its outright price to close at its lowest level since June 2019, while copper continued to struggle over the afternoon.Lead's underlying price on the LME closed at $1,832 per tonne on Wednesday afternoon, falling from a...Read More

MJP aluminium stocks decline in December; Nagoya stocks dive 8%

January 30, 2020 / www.metalbulletin.com

Primary aluminium stocks at the main Japanese port of Nagoya declined by 8% month on month at the end of December 2019, according to data released by major Japanese trading house Marubeni Corp.Aluminium stock levels at warehouses in Nagoya were at 139,000 tonnes at the end of December 2019, down from 151,200 tonnes the previous month. Total aluminium stocks at the three main Japanese ports (MJP) o...Read More

LIVE FUTURES REPORT 29/01: LME lead price sinks another 3%; copper dips below $5,700

January 30, 2020 / www.metalbulletin.com

The three-month price of lead on the London Metal Exchange stood out as the most notable underperformer at the close of trading on Wednesday January 29, selling off more than 3% of its outright price to close at its lowest level since June 2019, while copper continued to struggle over the afternoon.Lead's underlying price on the LME closed at $1,832 per tonne on Wednesday afternoon, falling from a...Read More

EUROPE WIRE ROD: Prices steady as market waits for further scrap losses

January 30, 2020 / www.metalbulletin.com

The price of steel mesh-quality wire rod in the European domestic markets was unchanged this week, with participants anxious about how far ferrous scrap prices would fall, sources told Fastmarkets on Wednesday January 29.Ferrous scrap prices in Turkey climbed sharply between late November and mid-December but then remained steady until mid-January. The Turkish price is a benchmark for the regional...Read More

IN CASE YOU MISSED IT: 5 key stories from January 29

January 30, 2020 / www.metalbulletin.com

Here are five Fastmarkets MB stories you might have missed on Wednesday January 29 that are worth another look.Sentiment in the seaborne iron ore and Asian steel markets has deteriorated amid a rapid spread of the 2019-nCoV - or Wuhan novel coronavirus - in China, which appears to have intensified in the last week.Primary aluminium stocks at the main Japanese port of Nagoya declined by 8% month on...Read More

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