Here are five Fastmarkets MB stories you might have missed on Friday October 18 that are worth another look.Global scrap prices in all the major markets recovered during the working week ended October 18, boosted by lower material availability and rising Turkish import prices.An increase in copper concentrate treatment and refining charges (TC/RCs) so far this month reflects a drop in the number o...Read More
David HaggithAs September rolled into October, the US central bank's monetary madness blew all over us like a fountain of foam in a windstorm. First, the Fed burst into $75 billion in overnight funding operations due to obvious shortages all over the map in bank reserves. Then the surge spread beyond that into longer-term temporary funding of $30 billion twice a week because the overnight loans...Read More
By: Gary Tanashian, NFTRH[edit] For comic relief here's an email response to this post. I don't know what forecast he's talking about, the short-term correction view (already well along) or the longer-term upside target on HUI. But he's a metals veteran on Wall St. and trades with the cartel so... ooh, I am pretty concerned. Or not.Your on crack! I live in greenwich ct , work in nyc . 30 yr Wal...Read More
By: Ira EpsteinGold 18 week average ~$1,470 and rising, support area. Lower highs and lower-lows on the weekly, $1,518.20 needs to break to get bullish trend. Read More
By: Gary SavageUSDX intermediate top in place, in an artificial market which has been propped up..http://blog.smartmoneytrackerpremium.com/Read More
Morris HubbarttHere are today's videos and charts. The videos are viewable on mobile phones as well as computers. SFS Key Charts, Signals, & Video AnalysisThanks, MorrisStay alert: www.superforcesignals.com About Super Force Signals: Our Super Force signals are created thru our proprietary blend of the highest quality technical analysis and many years of successful business building. We...Read More
Six BearsRepo Weirdness"Ample Supply"Seven Deadly SinsNew York, Houston?, Philadelphia?, And...?"In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunat...Read More
Billet prices in the major global markets continued to climb in the week ended Friday October 18, spurred by the tight availability of material in some markets, lively demand in China, and the uptick in global scrap prices.CIS, TurkeyOffers of CIS billet were limited last week. This was partially due to the absence of several Ukrainain mills, which quit the market due to unfavorable market conditi...Read More
By: Gary Tanashian, NFTRH[edit] For comic relief here's an email response to this post. I don't know what forecast he's talking about, the short-term correction view (already well along) or the longer-term upside target on HUI. But he's a metals veteran on Wall St. and trades with the cartel so... ooh, I am pretty concerned. Or not.Your on crack! I live in greenwich ct , work in nyc . 30 yr Wal...Read More
By: Ira EpsteinGold 18 week average ~$1,470 and rising, support area. Lower highs and lower-lows on the weekly, $1,518.20 needs to break to get bullish trend. Read More
By: Gary SavageUSDX intermediate top in place, in an artificial market which has been propped up..http://blog.smartmoneytrackerpremium.com/Read More
Morris HubbarttHere are today's videos and charts. The videos are viewable on mobile phones as well as computers. SFS Key Charts, Signals, & Video AnalysisThanks, MorrisStay alert: www.superforcesignals.com About Super Force Signals: Our Super Force signals are created thru our proprietary blend of the highest quality technical analysis and many years of successful business building. We...Read More
Six BearsRepo Weirdness"Ample Supply"Seven Deadly SinsNew York, Houston?, Philadelphia?, And...?"In the economic sphere an act, a habit, an institution, a law produces not only one effect, but a series of effects. Of these effects, the first alone is immediate; it appears simultaneously with its cause; it is seen. The other effects emerge only subsequently; they are not seen; we are fortunat...Read More
BHP has reported a 9.6% year-on-year drop in metallurgical coal output in the three months to September, a period during which fob Australia prices for premium hard coking coal fell amid Chinese import restrictions and weak demand outside of China.The miner produced 9.35 million tonnes of met coal during the period, which also marked a 21% quarter-on-quarter drop, it said on Thursday October 17. B...Read More
Members of the incoming European Commission, expected to take office in November, have released more details of a planned "carbon border tax", which could levy charges on metal imports into the European Union. Products affected would be those deemed by the EU as manufactured with excessive carbon emissions. While details of what will be covered, and under what circumstances, will be included in a...Read More
US President Donald Trump said on Monday October 14 that he will impose a 50% tariff on imports of steel from Turkey in response to that country's military actions in northeastern Syria.However, market participants believe such a move will have a minor impact on the Turkish steel sector, because Turkey's steel exports to the United States are already limited because of weak demand.BilletA trader f...Read More
Billet prices in the major global markets continued to climb in the week ended Friday October 18, spurred by the tight availability of material in some markets, lively demand in China, and the uptick in global scrap prices.CIS, TurkeyOffers of CIS billet were limited last week. This was partially due to the absence of several Ukrainain mills, which quit the market due to unfavorable market conditi...Read More
Here are five Fastmarkets MB stories you might have missed on Friday October 18 that are worth another look.Global scrap prices in all the major markets recovered during the working week ended October 18, boosted by lower material availability and rising Turkish import prices.An increase in copper concentrate treatment and refining charges (TC/RCs) so far this month reflects a drop in the number o...Read More
Electric vehicles (EVs) are forecast to reach cost and functional parity with internal combustion engine (ICE) vehicles by 2025. Theoretically, this should create the global tipping point for mass market EV adoption, along with the development of the associated charging infrastructure required to accompany the growth.In practice, it is not quite as straightforward.A recent report by investment res...Read More
The world's largest low-grade iron ore producer has confirmed that it will bid for two blocks at what is considered the world's largest untapped high-grade ore resource, a move that reiterates what the industry has been saying over the past few years - that demand for green iron ore or high-grade ore is a structural change in the making."Following the release of information at a public meeting hel...Read More