An ample supply of Indian and Russian hot-rolled coil in Asia maintained pressure on prices in the region over the past week.Fastmarkets' weekly assessment for steel HRC import, cfr Vietnam, which mainly looks at Chinese 2-3mm re-rolling-grade SAE1006 HRC and equivalent products sold into Vietnam, was $440-445 per tonne cfr for the week ending Monday October 7, down $5 per tonne from a week earlie...Read More
Import prices for rebar into Singapore were unchanged over the past week due to limited spot activity during the National Day holiday in China.Fastmarkets' weekly price assessment for steel reinforcing bar (rebar) import, cfr Singapore - which mainly looks at cargoes sold into Singapore on a theoretical-weight basis - was $430-435 per tonne for the week to Monday October...Read More
United States-based financial services organization INTL FCStone has acquired the futures and options brokerage operations and the clearing business unit from UOB Bullion and Futures.This will give INTL FCStone access to trade a host of derivatives on the Singapore Exchange (SGX), the company said on Monday October 7.The acquisition from UOB Bullion and Futures, a subsidiary of Singapore-based Uni...Read More
Turkish steel mills were silent on the first working day of the week with no deep-sea purchases taking place and prices remaining stable, sources said on Monday October 7. Two cargoes were booked at the end of last week. One Turkish steel mill in the Marmara region booked a UK cargo at $223.50 per tonne cfr for HMS 1&2 (80:20) and another steel mill in the Izmir region booked a US cargo at $228.50...Read More
Workable prices for pig iron buyers in the United States have declined after first scrap deals were concluded at lower prices, but no reduced offers have been heard, market sources told Fastmarkets on Friday October 4. Fastmarkets' price assessment for pig iron, import, cfr Gulf of Mexico, US, was $290-300 per tonne on October 4, down from $300-315 per tonne the previous week. "I would b...Read More
Seaborne iron ore prices were steady on Monday October 7, though Australian miner BHP reported damage to a car dumper at its operations in Port Hedland, Australia.Fastmarkets iron ore indices 62% Fe fines, cfr Qingdao: $93.38 per tonne, unchanged. 62% Fe Pilbara Blend fines, cfr Qingdao: $92.91 per tonne, unchanged. 62% Fe low-alumina fines, cfr Qingdao: $91.72 per tonne, unchanged. ...Read More
A major Japanese steelmaker has agreed with Australian suppliers on contract prices for shipments of pulverized coal injections (PCI) materials and semi-soft coking coal in the fourth quarter of 2019, sources told Fastmarkets on Monday October 7.Premium hard coking coal, fob DBCT: $146.08 per tonne, unchangedPremium hard coking coal, cfr Jingtang: $159.70 per tonne, unchanged Hard coking coal, fob...Read More
A major South Korean steelmaker is likely to cut its ferrous scrap purchases in October as well as for the rest of the year."This is due to the high inventory levels it is holding, as well as due to it waiting for the delivery of contracted cargoes it had purchased. Steel production rates in South Korea are also likely to dip," a Japanese trader told Fastmarkets last Friday October 4.The cut is ex...Read More
Ferroglobe Plc plans to reduce silicon metal and alloy production by extending or bringing forward several planned outages during the fourth quarter, the company announced on Friday October 4. The leading global silicon metal producer, which faces falling silicon prices, did not specify the tonnages involved in the latest cuts, which include: In France, three silicon furnaces will be idled on...Read More
Key data from the pricing session in London on Friday October 4. Key drivers European grade 5-5-3 silicon price fell after one truckload of material was purchased at around ?,?1,480 ($1,626) per tonne, bringing the low end of the range down to that level. Grade 4-4-1 silicon...Read More
Key data from the October 4 pricing session in London. Key drivers: Cobalt prices make small gains; activity slows but sellers hold out for, or slightly increase, previous offer levels. Market consolidating gains made over August and September in the aftermath of Glencore announcing it will close its Mutanda mine at the end of the year....Read More
Chinese cobalt producer GEM Co Ltd has signed a cobalt supply contract with Switzerland-based miner-trader Glencore, locking in cobalt hydroxide supply for the next five years, the companies announced on October 7. Glencore will supply GEM, including four of its wholly-owned subsidiaries, with at least 61,200 tonnes of cobalt hydroxide between 2020 and 2024. According to the agreement, GEM will pu...Read More
Name King Ck Actor / Comedy /Youtuber /somali social media Pls Subscribe Like & ShareFadlan Haka ilaawin InaadDhahdo Share Like & CommentRead More
Stewart Thomsonemail: stewart@gracelandupdates.comemail: stewart@gracelandjuniors.comemail:admin@guswinger.comOct 8, 2019 To view the world’s most exciting daily chart, please click here now.Double-click to enlarge this magnificent silver chart. A significant bull wedge is in play, and the target zone is well above the $19.75 area highs! Please click here now. UBS heavyweight analyst Dom Sch...Read More
When I was in middle school, one of my Saturday chores was to sweep the coal dust off the front porch. We lived at 1016 Westover Avenue, in the West Ghent neighborhood of Norfolk, Virginia. My father was in the Navy, and at that point in his career he was marking his time with the Second Fleet Admiralty.I fell asleep every night to the sound of coal trains rumbling, banging, blowing horns, and sha...Read More
- Michael J. Kosares1. It is led by institutions and funds, not private investors. Global quantitative easing created a huge and mobile pool of capital in constant need of a place to call home. As the need for a safe haven became apparent among the stewards of that capital, the demand for gold flourished. The consistent presence of funds and institutions as buyers in this rally, as repre...Read More
Stefan GleasonDespite the gravity of an impeachment inquiry that threatens to bring down the presidency of Donald J. Trump, markets have largely shrugged it off.The reason? Odds of a two-thirds majority in the Republican-controlled Senate voting to remove Trump from office are slim.What has Wall Street more concerned are the rising odds of Elizabeth Warren becoming the Democrat nominee for presi...Read More
Avi Gilburt I have been providing public analysis for the last eight years on many forums in addition to our main website Elliottwavetrader, which just celebrated its 8th anniversary. In fact, my first major public call in the market was when I suggested that the gold would top at $1,915 back in the fall of 2011:"Again, since we are most probably in the final stages of this parabolic fifth w...Read More
By: Ira EpsteinGold is caught whipping back and forth. Pattern is lower-highs and lower-lows, which is bearish unless gold (dec) gets back above $1,525:Read More
Yesterday's fall was due to inability to rise and profit taking before the US-China trade talk. Short sellers become active once gold started to fall. Right now the fall in gold is just a correction. If gold and silver fall today and tomorrow, then it will move into a short term bearish phase. I am not buying gold and silver today. Chinese are not buyers. Just remember that correction of $125-$1...Read More